Oil prices extended gains on Thursday after the killing of a Hamas leader in Iran raised the threat of a wider Middle East conflict and concern over its impact on oil.
Indonesian President Joko Widodo on July 31 held a meeting with several ministers in Jakarta to discuss the acceleration of oil and gas production in the country.
SLB, OneSubsea, Subsea 7 and the Subsea Integration Alliance will increase speed of tool delivery, optimize installation and reduce rig days at BP’s Murlach development in the North Sea.
Norway produced 122.9 million cubic meters (4.3 billion cubic feet) of oil equivalent in the first half (H1) of 2024, up 6.2 MMcm (219 MMcf) compared to the same period last year as natural gas output kept growing year-on-year in the six months running.
Crude oil prices spiked after Israel assassinated Hamas’s political leader on Iranian soil, leading to threats of retaliation from Tehran.
The ongoing conflict in the Middle East, combined with record US oil demand, has created a bullish environment for oil prices.
Early on Thursday morning, WTI was trading around $78.50 while Brent had climbed above $81.
Noble Corporation’s acquisition of Diamond Offshore consolidates its position as a leading offshore drilling provider, expanding its fleet and unlocking new growth opportunities.
The deal brings $2.1 billion in new backlog and diversifies Noble’s client base, solidifying its financial stability.
Noble’s lack of stacked iron and relatively low debt burden positions it for success in the growing offshore drilling market.
Colombia’s state-owned Ecopetrol sees the country’s offshore gas production coming on line as early as 2029, Bloomberg reported on Tuesday.
Yinson Production Ghana (“Yinson”) and the Ahanta West Educational Directorate have successfully hosted the third annual Yinson Reading and Spelling Bee competition themed, “Learn to Read, Read to Learn.”
MODEC, Inc. (“MODEC”) is pleased to announce that FPSO Bacalhau has received the Approval in Principle (AiP) for Abate Notation from classification society DNV, making it the first new built FPSO in the world to achieve this prestigious recognition.
TechnipFMC (NYSE: FTI) has
been awarded a significant(1) contract to supply flexible pipes to Petrobras for the pre-salt
fields offshore Brazil.