Crude oil prices rose sharply earlier today following reports on Tuesday that Israel had plans to attack Iranian nuclear facilities.
At the time of writing, Brent crude was trading at $66.37 per barrel, with West Texas Intermediate at $62.56 per barrel, after CNN reported late on Tuesday that new intelligence obtained by the U.S. suggested the Israeli government was considering strikes on Iranian nuclear sites.
SLB has launched Retina, a new at-bit imaging technology that delivers high-resolution borehole images from the first point of drill bit contact, enabling better formation evaluation and drilling decisions, the company said Tuesday.
The Department of Energy (DOE) said Monday it will proceed with issuing final orders on pending applications to export liquefied natural gas (LNG) to countries with no free trade agreement (FTA) with the United States.
It has now prepared a response to comments on a Biden-era study reviewing permitting considerations and thereby “completed the final hurdles left over from the Biden administration’s reckless pause on LNG export permits, paving the way for the Trump Administration to fully unleash American LNG exports”, the DOE said in an online statement.
Two appraisal wells drilled by Equinor ASA in the North Sea about 20 kilometers (12.43 miles) east of the Troll A platform have shown a suitable reservoir for carbon dioxide (CO2) storage.
Called MLF-O, the next-generation design from SHI optimizes the production facility for deepwater areas with a wave height of nine meters. According to SHI, the design has the advantage of providing faster delivery and cost-effective efficiency compared to onshore plants. ABS completed design reviews based on class and statutory requirements.
Developers of U.S. LNG export projects have started taking final investment decisions on new facilities this year, with several plans expected to add in 2025 to Woodside’s Louisiana LNG approval, despite rising construction costs due to President Trump’s steel and aluminum tariffs.
Subsea7 has been awarded a front-end engineering and design contract by ConocoPhillips Skandinavia for the Previously Produced Fields development project offshore Norway, Subsea7 said on Monday.
The new reserve was located at the Goktepe-3 well, situated 69 kilometres west of the Sakarya gasfield and 165 kilometres offshore, following 49 days of drilling by the high-tech vessel Abdulhamid Han. The well lies at a depth of 3,500 metres, and exploration began on March 27. The discovery, officially announced on May 16, is expected to meet the country’s residential natural gas demand for three and a half years.
TotalEnergies has signed an agreement to purchase 2 million tonnes per annum of LNG over 20 years from the Ksi Lisims LNG project in British Columbia, Canada, the company said on Monday.
The agreement, subject to the project’s final investment decision, also includes TotalEnergies acquiring a 5% stake in Western LNG, the project’s developer and future operator, with the option to raise its participation up to around 10% upon FID.
U.S. oil and gas exploration and production company EOG Resources Inc. has secured a new exploration concession in Abu Dhabi. The company said in a media release that it has been awarded Unconventional Onshore Block 3 (UCO3) by Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA).
Turkey has discovered 75 billion cubic meters of natural gas worth $30 billion dollars in the Black Sea, according to President Recep Tayyip Erdogan.