Author: intent

At the forefront of Kuwait’s oilfield services

Oil & Gas‚ Oil and Gas Industry | intent | May 15, 2025 | Comment off

Whenever we hear that more wells are going to be developed, the first thing we think of is the number of wells we can receive for testing, and how we must grow our operations.
Well testing is a per-unit business. You have to send a separator to each well to test the units, and the more wells there are, the larger the investment, as you have to procure more equipment and hire more people, which means more cost. This is where AI can kick in; there are technologies that we have to start pursuing aggressively to gain in efficiency and keep up with all the new business.

Ghana’s Mahama Fine Tuning Regime to Accelerate Crude Extraction

Oil & Gas‚ Oil and Gas Industry | intent | May 14, 2025 | Comment off

The government is ready to roll out the “red carpet” to any investor prepared to drill and pump crude, President John Mahama said at the Africa CEO Forum in Abidjan, Ivory Coast’s commercial capital, on Tuesday.

Gunvor Financed Gabon Deal for Tullow Oil Assets

Oil & Gas‚ Oil and Gas Industry | intent | May 14, 2025 | Comment off

The Tullow assets are set to produce around 10,000 barrels of oil a day this year, the company said, adding that it will use the funds to reduce its debt profile. The company has been setting up deals to sell assets and bring down debt ahead of $1.39 billion in maturities next year.

Eni Launches Gas Production From Merakes East Field in Indonesia

Oil & Gas‚ Oil and Gas Industry | intent | May 14, 2025 | Comment off

The start-up of Merakes East aligns with ongoing projects like the Maha field development and newly approved Plans of Development (PoD) for the Northern Hub and Gendalo-Gendang projects. These initiatives reflect Eni’s deepening involvement in Indonesia’s upstream sector in collaboration with SKK Migas, the nation’s Upstream Regulator. This expansion is designed to boost domestic gas supply while optimizing the Bontang LNG plant’s capacity.

S&P Global Says USA Crude Oil Production Now Expected to Decline in 2026

Oil & Gas‚ Oil and Gas Industry | intent | May 14, 2025 | Comment off

“Slowing global oil demand amid extreme uncertainty about the future of U.S. trade and a coming supply surplus are expected to hobble U.S. oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights,” the analysis piece – by Jim Burkhard, Vice President and Global Head of Crude Oil Research, Ian Stewart, Associate Director, and the S&P Global Commodity Insights Crude Oil Markets team – stated.

Aramco in Talks with Woodside for Louisiana LNG Stake

Oil & Gas‚ Oil and Gas Industry | intent | May 14, 2025 | Comment off

“Development of Louisiana LNG will position Woodside as a global LNG powerhouse, enabling the company to deliver approximately 24 Mtpa [million metric tons per annum] from its global LNG portfolio in the 2030s, and operating over 5 percent of global LNG supply”, Woodside said. “The development has expansion capacity for two additional LNG trains and is fully permitted for a total capacity of 27.6 Mtpa”.

Europe Has 1,700 GW of Unlinked RE, Hybrid Projects: Study

Oil & Gas‚ Oil and Gas Industry | intent | May 14, 2025 | Comment off

“Governments should revise the legal mandates of energy regulators and TSOs to ensure these are consistent with delivering climate targets, allowing the long-term foresight needed to deliver clean power by 2035”, the think tanks said. “This will help TSOs ensure their plans support the build-out of a fossil-free, renewables-based power system and electrified economy; with anticipatory investments to underpin delivery.

Crude Rebounds Over 11% from Lows

Oil & Gas‚ Oil and Gas Industry | intent | May 14, 2025 | Comment off

West Texas Intermediate advanced 2.8% to settle near $64 a barrel, bringing its recovery from this year’s lowest closing price to more than 11%. Trump told an audience in Saudi Arabia that the US will exert maximum pressure on Iranian energy exports if an agreement isn’t reached. The US State Department said earlier that it’s sanctioning a network that helps ship Iranian crude oil to China.

Woodside Courts Aramco for Louisiana LNG Stake

Oil & Gas‚ Oil and Gas Industry | intent | May 14, 2025 | Comment off

Woodside bought the former Driftwood LNG project as part of its acquisition of Tellurian for $1.2 billion last year. The deal “adds a scalable US LNG development opportunity to our existing approximately 10 Mtpa of equity LNG in Australia,” Woodside chief executive Meg O’Neill said at the time. Then, this year, reports emerged that Woodside was looking for partners in the projects, seeking to sell up to 50% of the ownership.

Canadian Prime Minister Carney Signals Support for New Pipeline

Oil & Gas‚ Oil and Gas Industry | intent | May 14, 2025 | Comment off

The Prime Minister did not elaborate on what specific kind of pipeline he would seek to create consensus for, he has previously said that “We have to choose a few projects, a few big projects, not necessarily pipelines, but maybe pipelines. We’ll see,” in comments on the Liberals’ campaign for turning Canada into an energy superpower by combining both oil and gas, and alternative energy sources, of which, the campaign claims, Canada has unlimited resources.

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