Author: intent

Venezuela opens oil sector to greater private investment, targets 3 MMbpd

Venezuela is opening more of its oil and gas sector to private investment as the country seeks capital to rehabilitate mature fields, rebuild aging infrastructure and ultimately increase crude production toward 3 MMbpd, government and PDVSA officials said Aug. 19.   Speaking at an industry event in Houston, Venezuelan Hydrocarbons Minister Paula Henao said recent regulatory reforms have […]

ConocoPhillips achieves first oil at 12,000-bpd Coyote 3SX project in Alaska

ConocoPhillips Alaska achieved first oil Aug. 7 from its approximately $800 million Coyote 3SX development in Alaska’s Kuparuk River Unit (KRU), bringing the project online ahead of schedule and under budget.   The development, located on state land on Alaska’s North Slope, is expected to reach peak gross oil production of approximately 12,000 bpd. ConocoPhillips approved funding for the […]

CoreMarine completes Hilli Episeyo FLNG disconnection offshore Cameroon

 CoreMarine has completed the disconnection of Golar LNG’s Hilli Episeyo FLNG after eight years of operations offshore Cameroon, clearing the floating LNG vessel for its planned redeployment to Argentina. CoreMarine provided project management, engineering, procurement and offshore operational services for the campaign, developing a disconnection methodology tailored to the facility. The company said the approach was designed to […]

DUG, ACTeQ partner on 3D seismic modeling and survey design

 DUG Technology and ACTeQ have formed a strategic partnership to integrate cloud-based 3D seismic modeling capabilities with ACTeQ’s TesserACT survey design platform, targeting more efficient seismic acquisition planning and evaluation.   The collaboration, announced during the 2026 SEG AAPG IMAGE conference, will give TesserACT users access to modeling capabilities from DUG Insight, including synthetic generation and wave-equation-based solutions. By incorporating […]

DNO divests Côte d’Ivoire business to Panoro Energy in $86.5 million deal

 DNO ASA has agreed to sell its Côte d’Ivoire oil and gas business to Panoro Energy ASA for $86.5 million as the Norwegian operator concentrates its portfolio around its expanded North Sea operations.   The transaction covers DNO CI LLC, the company through which DNO holds its interests in Côte d’Ivoire. Total consideration consists of $65.1 million in cash and […]