Japan expects its oil imports next month to be lower than this month’s but has no plans to release additional crude from storage, the country’s economy minister said.
China’s oil demand probably peaked last year, earlier than previous estimates, according to the head of the nation’s top refiner.
SLB has launched its ExaCT electrical downhole coiled tubing control system, introducing real-time electrical control, telemetry and downhole measurements to well intervention operations.
ADNOC has awarded McDermott an engineering, procurement, construction and installation (EPCI) contract valued at more than $1 billion for an offshore pressure boosting facility at the Umm Shaif field in Abu Dhabi.
The U.S. threatened economic penalties against countries that continue doing business with Iran, escalating pressure on Tehran after nearly six months of war and putting major buyers of Iranian oil under greater scrutiny.
TotalEnergies will invest in two major oil pipelines designed to bypass the Strait of Hormuz, backing Abu Dhabi’s expansion of its Fujairah export route and a planned pipeline carrying Iraqi crude through Syria to the Mediterranean.
JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 billion. One of these told the publication the companies involved in the project aimed to make a final investment decision by November.
DNV has agreed to acquire Equinor’s WellSpot digital technology and will commercialize the platform as Wellhead Fatigue Manager, expanding its capabilities for monitoring and managing fatigue across the lifecycle of subsea wells.
Dangote Group has offered East African countries a 30% equity stake in its planned Lamu refinery, reports Bloomberg. The refinery will be located on Lamu Island, off the coast of Kenya.
CB&I’s Asset Solutions business has secured a three-year contract to provide operations and maintenance services for an FPSO offshore Côte d’Ivoire, expanding the company’s presence in West Africa.