SLB (NYSE: SLB) today announced a significant step toward fully autonomous drilling operations at Equinor’s Brazilian Peregrino C platform. SLB digital technologies for surface automation, autonomous on-bottom drilling, and directional drilling were combined to enable 99% of a 2.6-kilometer section to be drilled in autonomous control mode. Over a five-well program, a 60% increase in rate of penetration was achieved, resulting in faster well delivery while reducing cost and carbon emissions.
Prices for North Sea and West African crude grades have increased this month.
The Red Sea shipping crisis and OPEC+ output cuts have tightened oil markets.
U.S. benchmark oil prices are also supported by higher demand for American crude in Europe due to the Red Sea disruption to flows.
British supermajor Shell last week exited Iraq’s potentially game-changing US$11-billion Nebras Petrochemical Project.
Shell signed the NPP deal, having agreed to the original memorandum of understanding back in 2012.
The key problem stopping Iraq from fulfilling its potential in oil, gas, and petrochemicals, remains the widespread corruption in its oil and gas sector, among others,
Discover how Kosmos Energy defied economic uncertainties to achieve unprecedented growth in the oil industry through stringent cost controls, strategic foresight, and promising future prospects.
DALLAS and CAESAREA, Israel, Feb. 26, 2024 /PRNewswire/ — Zion Oil & Gas, Inc. (OTC: ZNOG) announces the full acceptance of its work plan by the Supervisory Committee in Israel.
Nigeria, Africa’s largest oil producer, is the second most expensive place globally to extract crude oil, BusinessDay has reported.
Tullow has entered a partnership with Innohub, a leading enterprise support organisation, to empower small and medium-scale enterprises across Ghana’s agricultural value chain.
The Institute for Energy Security (IES) and the Chamber of Petroleum Consumers (COPEC) have called on the National Petroleum Authority (NPA) to publish the list of sanctions it made against Chinese-owned Sentuo Oil Refinery.IES and COPEC raised concerns on Wednesday, February 21, 2024, about the refinery operating without theappropriate permit from the National Petroleum Authority […]
In a groundbreaking case, Greenpeace Italy and ReCommon are suing Eni, alleging its contribution to global warming, amidst revelations of the company’s ties to climate deniers.
Investigation into Eni’s projects in Kenya and the Republic of the Congo shows company is failing to produce “miracle” drought-resistant biofuels crops at scale.