SLB’s OneSubsea joint venture has been awarded a contract by Beacon Offshore Energy (BOE) Exploration & Production LLC to supply a high-pressure, high-temperature (HPHT) multiphase boosting system for the Shenandoah field in the U.S. Gulf of America/Mexico.
Libya’s National Oil Corporation (NOC) has made new oil and gas discoveries with Eni, Repsol and Sonatrach in the country’s offshore and onshore basins, NOC announced in separate statements on Wednesday.
Egypt agreed to buy the entire output of the Aphrodite gas deposit in Cyprus when the field starts up in about six years, as the North African country looks to ensure long-term supply to meet growing demand.
Ghana’s crude oil production has extended its downward trajectory for a sixth consecutive year, underscoring deepening structural and operational challenges within the country’s upstream petroleum sector
The restoration of normal jet fuel flows around the world will take months, even if Iran reopens the Strait of Hormuz today, the head of the International Air Transport Association warned.
India is expected to receive this week its first cargo of Iranian oil in seven years, after the U.S. last month unsanctioned purchases of Iran’s oil already loaded on tankers.
The state of Queensland on Wednesday urged Australia’s federal government to fast-track the approval of the Taroom Trough project that would see the first new oil development project the country in 50 years.
Saudi Arabia’s East-West Pipeline, a critical artery bypassing the Strait of Hormuz, was reportedly hit in an Iranian drone attack on Wednesday, Reuters has reported. According to the report, a pumping station along the 1,200 km pipeline was struck by a drone early morning on Wednesday. Prior to the attack, the pipeline was pumping at its emergency capacity of 7 million barrels per day (bpd) to bypass the shuttered Strait of Hormuz
Russia has offered several cargoes of liquefied natural gas from Novatek’s Arctic LNG 2 facility to South Asian buyers, Bloomberg has reported, noting the facility is under U.S., EU, and UK sanctions.
Oil has sharply repriced lower into the mid-$90s, Naeem Aslam, CIO at Zaye Capital Markets, said in a statement sent to Rigzone on Wednesday.