Researchers from ExxonMobil Technology and Engineering Company and ExxonMobil Upstream Company have developed a machine learning based gas-lift optimization workflow for unconventional fields that has demonstrated the potential to increase oil production while improving the efficiency of artificial-lift operations.
New Zealand’s government has awarded the first offshore oil and gas exploration license after last year lifting a ban on drilling, put in place by the previous government that wanted to focus on a transition from hydrocarbons to electricity from low-carbon sources.
A consortium of U.S. and Saudi companies is set to build a new refinery in the Persian Gulf despite the current situation in the region. The facility will have a price tag of $5 billion and a capacity of 200,000 barrels of crude oil daily. The consortium, dubbed MERA Oil, includes Texas-based MWG Group, the […]
Singapore-based Keppel Ltd. will progressively monetize up to 10 legacy offshore rigs through a newly established private investment vehicle, Keppel Offshore Fund (KOF), in a move that reflects strengthening fundamentals in the global offshore drilling market.
Proserv has established a local operating presence in Brazil as the controls technology company expands its support for one of the world’s largest offshore oil and gas markets.
Baker Hughes has secured a major order from Dynamis Power Solutions to supply 76 NovaLT™16 industrial gas turbines for mobile power generation units supporting data centers and oil and gas applications across North America.
Prime Minister Mark Carney rejected the notion that Canada should curb the supply of vital resources to the U.S. to retaliate against tariffs, arguing that it’s more important for the country to keep its reputation as a dependable producer.
Tunisia has reportedly resumed receiving Russian petroleum deliveries through the Port of La Skhira, marking a renewed flow of Russian oil products after the country gradually reduced imports of Russian diesel during 2025.
Saipem has secured approximately US$930 million (€800 million) in new contracts from Eni, led by work on the third development phase of the Baleine oil and gas field offshore Ivory Coast.
Exploratory drilling in the Voltaian Basin is expected to begin in fourth quarter-2026, reviving a long-delayed project that government hopes will unlock new hydrocarbon reserves and help stem Ghana’s declining crude oil production.