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.
TechnipFMC plc has been awarded a “significant” contract for subsea production systems by Petroleo Brasileiro SA (Petrobras) after a competitive tendering process. While the contract value remains undisclosed, TechnipFMC values significant contracts between $75 million and $250 million.
Iraq expects oil exports from its Kurdistan region to resume as soon as this week following a two-year halt, after a landmark deal was reached with producers, its foreign minister said.
The 50-day project—covering turnaround (TAR) operations as well as plug and abandonment (P&A) and decommissioning work—traditionally relied on low-load diesel turbines, a method that often results in inefficiency and higher emissions. By deploying Aggreko’s Stage V generators in modular containerized systems, engineered to meet the platform’s reduced load profile, the partners helped operators avoid nearly £900,000 in additional fuel costs and prevent 4.5 tonnes of CO₂ emissions.
The first Global Research report zeroes in on Argentina’s Vaca Muerta shale, highlighting its world-class productivity yet revealing that M&A buyers are acquiring assets at valuations well below those seen in U.S. shale basins. According to Enverus, deals imply buyers are paying about $1 million per undeveloped well location, compared with approximately $4 million for U.S. shale locations of similar quality.