Decades of investment in U.S. oil and natural gas production, refining and infrastructure have positioned the United States to play a stabilizing role during recent global energy market disruptions, according to a new analysis released by the American Petroleum Institute (API).
SLB and Equinor have signed a multi-year agreement for advanced reservoir stimulation services on the Norwegian Continental Shelf (NCS), including a major upgrade of the MV Island Captain (pictured above) to support development of tight offshore reservoirs.
bp has agreed to acquire Woodside Energy’s 70% interest in the Calypso gas project offshore Trinidad and Tobago, giving the company full ownership and operatorship of the early-stage deepwater natural gas development.
Russia last month imported some 30,000 metric tons of fuels from South Korea to tackle supply constraints caused by continued Ukrainian drone attacks on refineries.
State-owned China National Offshore Oil Corporation (CNOOC) on Thursday announced the start of operations of the world’s first 16-megawatt tension-leg platform (TLP) floating wind power platform, which began supplying power to an offshore oilfield.
The Yemeni Houthis have struck Saudi Arabia’s southern province of Najran in the latest flare-up of Middle Eastern hostilities, killing 11 civilians, Reuters has reported, citing a spokesman for the military coalition led by Saudi Arabia that fights the Houthis in Yemen.
Oluwamuyiwa Nelson Kosile, managing director of IKOSH Nigeria, talks to The Energy Year about Nigeria’s Decade of Gas initiative, the growing demand for infrastructure solutions, the impact of IOC divestments and the evolution of IKOSH’s business.
India’s ONGC is poised to take over operation of two Venezuelan oil projects from state-owned PDVSA, which would give the Indian producer direct operational control over assets of the world’s largest proven crude oil reserves. Reuters exclusively reported Wednesday that ONGC expects to sign new agreements “very soon” under Venezuela’s new petroleum law after years of limiting its activities because of U.S. sanctions.
Guyana is strengthening energy partnerships across the Caribbean as the country’s rapidly expanding offshore oil sector drives closer regional cooperation on upstream development, infrastructure and energy security.
Xodus Group has been selected to support environmental approvals for the next phases of Australia’s Northern Endeavour Decommissioning Program, one of the country’s largest offshore oilfield decommissioning projects.