Crude oil inventories in the United States saw a large build of 3.5 million barrels during the week ending January 24, according to the U.S. Energy Information Administration.
The Stena Drillmax will be deployed to Suriname in Q2 of this year under a 1x well programme. The contract includes the possibility of extension to an additional three wells in Suriname.
Canadian hydrocarbons hotspot Alberta plans to develop a CAD 250-billion (USD 173-billion) fund to wean itself off oil and gas revenue, Bloomberg reported on Wednesday.
Spanish energy company Repsol has reached a FID on its Ecoplanta project to build a facility to convert non-recyclable municipal waste into sustainable methanol in Spain, the company announced on Wednesday.
Abu Dhabi National Oil Co. (ADNOC) has said the carbon intensity of its Shah field is now 0.1 kilograms of carbon dioxide equivalent per barrel of oil equivalent (kgCO2e/boe). The company said in a media release that these levels are a benchmark among global oil fields.
Reelwell AS, has secured a multi-year contract with Vår Energi ASA for the provision of its disruptive DualLink powered digital drill pipe technology. This is a milestone contract for Reelwell and Odfjell Technology, which will see the DualLink deployed offshore on the Norwegian Continental Shelf (NCS) for the first time.
Despite Canada’s vast geothermal potential, the resource has remained largely untapped due to economic and technical challenges tied to conventional extraction methods.
Oil edged lower as traders weighed the possible fallout from President Donald Trump’s planned tariffs on major U.S. crude supplier Canada and other countries. The market was also watching reports OPEC will evaluate potential changes to America’s energy policy.
The digiPrime pump, anchored by a 3,000 horsepower Cummins natural gas variable speed engine, is a direct drive solution with outstanding thermal efficiency. The pump configuration translates into reduced fuel costs and is one of the lowest emissions solutions in the completions market.
Management of the Ghana Upstream Petroleum Chamber has paid a courtesy call on the minister for energy and green transition, the honorable John Jinapor to congratulate him on his appointment and to invite him to a roundtable discussion with its members. The team from the Chamber was led by its CEO, David Ampofo.