The UK Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) has opened a public consultation on Adura’s Jackdaw gas field, marking another step in the regulatory approval process before the North Sea project can begin production.
Chevron Technical Center has signed a technology licensing agreement with ZL Chemicals Ltd. to commercialize Chevron-developed surfactant technology designed to improve resource recovery in shale and tight oil reservoirs.
ADNOC has signed a strategic collaboration agreement (SCA) with South Korea’s Ministry of Trade, Industry and Resources (MOTIR) to expand long-term crude oil supply, strengthen emergency supply coordination and enhance strategic crude storage cooperation.
Oil prices jumped Wednesday after U.S. President Donald Trump declared that the ceasefire with Iran was effectively over and said the United States would “probably” launch additional military strikes, raising the prospect of renewed conflict in one of the world’s most important oil-producing regions.
The deal, signed in Abuja, will see NNPC and Seplat supplying 5.7 million cubic metres of gas per day to the UTM FLNG project, which is set to produce 1.8 million tonnes of LNG per year.
BP PLC said Monday it had secured an agreement to sell its stake in the Bay du Nord oil project in Canada’s Flemish Pass Basin to operator Equinor ASA. “The transaction is consistent with BP’s continued focus on portfolio simplification and disciplined capital allocation”, the British energy giant said in a statement. The project, located […]
The US carried out a new round of strikes in Iran targeting more than 80 sites and revoked a waiver allowing new sales of its oil, further imperiling a peace agreement after a series of attacks on ships in the Strait of Hormuz. American forces struck Iranian air defense systems, command and control networks, coastal […]
The U.S. Energy Information Administration (EIA) has raised its global oil production forecast in its July Short-Term Energy Outlook (STEO), citing the recovery of shipping through the Strait of Hormuz following the June 18 agreement between the United States and Iran to reopen the strategic waterway. EIA now expects global crude oil production and trade flows to […]
Fluor Corp. has been selected by Aramco as a program management consultancy (PMC) contractor under a long-term agreement supporting the Saudi energy company’s global capital projects portfolio. The agreement positions Fluor to compete for future work across Aramco’s upstream, downstream, petrochemical and infrastructure developments. The scope includes pre-front-end engineering and design (pre-FEED), FEED, engineering, project management, procurement oversight, […]
Iraq has raised production from three key projects in the country’s oil heartland to full capacity as tankers have started arriving to export cargoes, a person familiar with the operations said. The increase follows an order from state-run Basra Oil Co., which oversees fields in the country’s south, to boost output at West Qurna 1, North Rumaila and Artawi, according […]