SLB has commissioned a new liquid mud plant in Pemba, Mozambique, expanding its capacity to prepare, store and deliver drilling and completion fluids for offshore oil and gas operations. The facility has an initial storage capacity of 21,000 bbl and is designed to support multiple customers as offshore activity increases in Mozambique. The plant will […]
Jubilee and ENI partners have announced investments totalling $3.5 billion in Ghana’s oil sector, Ghana Investment Promotion Authority (GIPA) CEO Simon Madjie has said. Speaking on Joy News’ PM Express Business Edition on Thursday, he highlighted the commitments as evidence of activity in the sector. He also pointed to interest from other international oil […]
Shell and Chevron have signed a memorandum of understanding to explore opportunities in Ghana’s Eastern Keta Basin, Ghana Investment Promotion Authority (GIPA) CEO Simon Madjie has said. Brazil’s Petrobras has also expressed interest in the country’s oil acreage and blocks, adding to activity in the petroleum sector. Speaking on Joy News’ PM Express Business Edition […]
Sahara Group, through its subsidiary Asharami Ghana, has commissioned a 6,000 metric-tonne liquefied petroleum gas storage facility at the Tema Oil Jetty in Ghana. The Chief Executive of the National Petroleum Authority, Godwin Tameklo, said the facility had expanded Ghana’s LPG storage capacity by approximately 10 per cent and would improve supply reliability as the […]
Under a new agreement formalized earlier this month, Yinson Production, the operator of the FPSO John Agyekum Kufuor will add new gas compression and treatment modules to the Sankofa FPSO John Agyekum Kufuor, offshore Ghana, increasing gas export capacity by more than 60% while extending the vessel’s lease period to 2036. The project, to be […]
Shell has signed an agreement to acquire a 30% interest in Equinor’s Bay du Nord offshore oil project in Newfoundland and Labrador, Canada, as the companies advance the estimated C$14 billion development toward a final investment decision in early 2027. Under the agreement, Equinor will retain a 70% interest and remain operator of the deepwater […]
China has decided to restart exports of fuels, after a one-week suspension. This should bring some relief to fuel markets, and especially diesel markets, where prices are running at record highs, not least because of the fuel export suspension news out of China last week. The information comes from unnamed trading sources who spoke to […]
SLB has secured a 15-year agreement with TotalEnergies to deploy its DrillPlan digital well planning and engineering technology across the operator’s global upstream portfolio. The agreement will support TotalEnergies’ transition to a standardized digital drilling planning environment, connecting subsurface data with well engineering and drilling workflows to improve collaboration and consistency across operations. SLB’s DrillPlan […]
Drilling Tools International (DTI) has entered into a definitive agreement to acquire Aberdeen-based Saltire Energy Limited and Foxley Energy Limited for approximately $80 million in cash and 17.4 million shares of DTI common stock, expanding its drilling equipment rental operations across the North Sea, Middle East and Asia-Pacific. The transaction, expected to close in the […]
Emerson has introduced its Rosemount 8795 Magnetic Flow Sensor, designed to provide accurate flow measurement and monitoring for chilled water and water-glycol cooling systems used in data centers. The new sensor is intended to support cooling system reliability and efficiency as data centers expand to accommodate growing digital infrastructure and computing demands. It integrates with […]