FourPhase has carried out the oil and gas industry’s first fully remote solids management operation offshore, working with Aker BP on a two-month program in the North Sea.
SLB has won a major contract from Petrobras to provide services and technology for up to 35 ultra-deepwater wells in the strategically important Santos basin. The wells, which are part of the second development of the Atapu and Sépia fields, target massive pockets of oil and gas beneath thick salt layers, located up to 2,000 […]
Exxon Mobil Corp has put into operation what it said is “a first-of-its-kind technology in Singapore to increase production of higher-value products, including a range of lubricant base stocks and fuel”.
Netmore Group AB has acquired Arson Metering, a Spanish innovator in remote meter reading and the smart management of water and gas supply networks, strengthening its position in Europe.
Petrofac said the new commercial terms are supported by the Ad Hoc Group of Bondholders, subject to the agreement of longform documents. The agreement will enable its restructuring to proceed with the consent of those parties, according to a separate statement.
Exxon has estimated the size of a natural gas discovery off the coast of Cyprus at between 8 and 9 trillion cubic feet, local media has reported, citing a meeting between the supermajor and the president of the island nation.
Oil and gas activity in the Dallas Fed’s Eleventh District slipped again in the third quarter, with the headline business activity index at -6.5 versus -8.1 in Q2 as executives pointed to elevated uncertainty and higher costs, according to the latest release on Wednesday of the Dallas Fed’s Energy Survey.
The biggest European powers which are party to the so-called Iranian nuclear agreement of 2015, or the Joint Comprehensive Plan of Action (JCPOA) as it is officially known, launched in late August a 30-day process that would reinstate UN sanctions on Iran on September 27, if no deal is reached in the meantime.
One of Russia’s biggest energy companies and exporters, Novatek, has resumed gas condensate processing at its second unit at Ust-Luga, a major complex and export port on the Russian Baltic Sea, a month after it was damaged by a Ukrainian drone attack, market sources told Reuters on Wednesday.
Eight oil companies operating fields in the northern Iraqi region of Kurdistan have reached an agreement with the Iraqi central government and the Kurdistan Regional Government that would enable the restart of exports from the region.