Nigeria’s oil regulator has approved a $510 million deal by TotalEnergies to sell its entire 12.5% interest in oil mining lease (OML) 118, which hosts the offshore Bonga oilfield, to the field’s operator Shell and Agip, the agency said on Thursday. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said TotalEnergies will transfer 10% of its […]
WellSense, a FrontRow Energy Technology Group company specializing in rapid fiber-optic well diagnostics, has sold a global license for its FiberLine Intervention (FLI) technology to Halliburton in a landmark transaction. The deal marks the first technology divestment by WellSense and its parent group.
bp itself made big bets on renewables in recent years that turned into money-losing ventures. The firm reset its strategy earlier this year to return to focusing on oil and gas after years of under performance.
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 […]
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.
New Zealand has reopened for oil and gas exploration, ready to receive applications for exploration projects after a seven-year pause, following the lifting of a ban on such activity installed by the previous government.