Halliburton has signed a framework agreement with Shell to provide umbilical-less tubing hanger installation and retrieval services using its Remote Operated Control System (ROCS) technology. The multi-well agreement follows a successful three-well technology phase in the Gulf of America, where ROCS demonstrated measurable gains in speed, safety and operational precision.
The Centre for Environmental Management and Sustainable Energy (CEMSE) has called for a pragmatic, partnership-driven approach to reviving the Tema Oil Refinery (TOR), emphasising that a tolling agreement, rather than an outright sale, offers the most sustainable path to restoring the refinery’s operational and financial viability.
TotalEnergies SE needs Mozambique’s approval for a $4.5 billion increase in cost to its liquefied natural gas project before restarting construction that’s been delayed since 2021 due to security issues.
A “wave” of new liquefied natural gas production capacity set to come on stream this year and in 2026 will transform the global market into one dictated by buyers, the head of the International Energy Agency, Fatih Birol, said today.
Petrofac Ltd said Thursday it was ending its “advanced stage” financial restructuring after TenneT dropped the British energy engineering company from multiple projects.
German Chancellor Friedrich Merz said he’s optimistic that the US will exempt Rosneft PJSC’s German unit from Washington’s latest sanctions against Russia.
Strong demand for LNG-related services drove Baker Hughes’ third-quarter financial performance above expectations, with the company reporting a 23% annual increase in orders despite a dip in net profits of 20% on the year.
The Japanese company will buy the assets from Williams and GEP Haynesville II, JERA said in a press release, adding that the assets currently produce some 500 million cu ft of natural gas daily and feature 200 undeveloped locations. The deal includes a provision to boost output from the assets to 1 billion cu ft daily, JERA also said.
The world’s biggest oil companies have salivated for a decade over the prospect of drilling in the area, in deep Atlantic waters off Brazil’s north coast. It’s especially tempting for Petrobras as output from Brazil’s existing oilfields is expected to peak around 2030. Yet environmentalists have fought bitterly against the move, warning an oil spill could imperil the ecosystem at the Amazon’s mouth to the south.
The total U.S. rig count increased by one week on week and the total Canada rig count rose by five during the same period, taking the total North America rig count up to 746, comprising 548 rigs from the U.S. and 198 rigs from Canada, the count outlined.