Indian refiners are expecting tankers of Venezuelan crude from Vitol, media reported on Tuesday, after Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals (MRPL) purchased 2 million barrels of Venezuelan crude for November delivery. This is part of a broader trend, as India continues to increase imports from Venezuela after the U.S. Treasury allowed transactions under specific conditions despite ongoing sanctions targeting President Nicolas Maduro’s regime.
Baker Hughes has secured its largest-ever order for Integrated Compressor Line (ICL) technology with the purchase of 10 units by Dubai Petroleum Establishment on behalf of the Dubai Supply Authority, Baker Hughes announced on Tuesday.
In a significant move to boost the United Arab Emirates’ unconventional oil and gas sector, SLB (NYSE: SLB) has announced the formation of a new joint venture, Turnwell Industries LLC OPC (Turnwell), in partnership with ADNOC Drilling Company and Patterson-UTI.
The transaction establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which holds a controlling stake in the company.
Oilfield services provider Petrofac has secured a new master service agreement (MSA) with Marathon Oil to support its key onshore and offshore assets in Equatorial Guinea.
Marine seismic acquisition firm Shearwater Geoservices has secured a contract from TotalEnergies for an Ocean Bottom Node (OBN) data acquisition campaign offshore Angola.
WHILE Guyana’s economy continues to be one of the fastest-growing in the world, primarily fueled by revenues from its extensive oil deposits, the nation is also witnessing significant growth in other sectors. This trend raises the question: how is the non-oil economy performing, and what impact is inflation having on the country?
TechnipFMC has been awarded an integrated EPCI contract for BP’s greenfield Kaskida development in the US Gulf of Mexico, Technip announced on Monday
The groundbreaking partnership will help reduce emissions and enhance performance.
Türkiye is seeking to carry out oil and natural gas exploration activities in different regions in the world through partnerships, Energy Minister Alparslan Bayraktar has said.