What would the implications be for the oil market if Iran decided to permanently tax/toll traffic through the Strait of Hormuz? According to Howard Shatz, a senior economist at RAND and a professor of policy analysis at the RAND School of Public Policy, if the U.S.-Iran conflict led to a permanent tax or toll in […]
ADNOC has deployed an autonomous heavy-duty inspection robot at its Taweelah Gas Compression Plant in the UAE as part of a broader push to expand artificial intelligence, robotics and automated safety systems across operations. Developed by Taurob, the robot is designed to conduct inspections in hazardous industrial environments while reducing personnel exposure to operational risks. According […]
The Independent Petroleum Association of America (IPAA) is supporting new legislation introduced by Senator Cynthia Lummis and Congressman August Pfluger aimed at easing emissions compliance requirements for low-production oil and gas wells. The proposed “Protect Domestic Oil and Gas Small Business Act” would shift responsibility for developing performance standards for marginal wells from the federal […]
BW Energy has reached positive FIDs for two projects offshore Brazil and Gabon and raised its 2028 production target, the company announced on Wednesday. The decisions cover the Bourdon Phase 1 development in the Dussafu licence offshore Gabon and a new campaign of infill wells in the Golfinho licence offshore Brazil. Based on estimates of […]
The head of ConocoPhillips said Venezuela’s initial steps to attract foreign oil companies that could help revive the nation’s production are falling well short of what’s needed to convince firms to invest. The recent changes to Venezuela’s oil law intended to entice foreign drillers still give the government wide latitude to charge royalties of up to 30%, […]
Equinor and Aker BP have agreed to align portions of their Norwegian Continental Shelf portfolios through a series of offshore asset transactions aimed at accelerating development activity and increasing long-term value creation. The companies said the collaboration will focus on selected offshore areas where greater ownership alignment could support faster project decisions, improved resource utilization and more coordinated […]
QatarEnergy and ExxonMobil have signed an MoU with the Government of Egypt to study the potential development and commercialisation of gas discoveries in Cyprus, QatarEnergy announced on Thursday. Under the terms of the MoU, the parties will explore future growth opportunities that would optimise Egypt’s underutilised gas and LNG production assets, as well as commercial frameworks utilising […]
Oceaneering International has secured an integrated offshore installation contract supporting the West Delta Deep Marine (WDDM) gas field development offshore Egypt for Burullus Gas Company. The company said the award is expected to generate meaningful revenue in 2026. Under the contract, Oceaneering’s Offshore Projects Group will provide transportation, offshore installation and commissioning services for a refurbished […]
Weatherford International has secured a deepwater integrated completions contract from Esso Exploration & Production Nigeria, an affiliate of ExxonMobil, supporting offshore Nigeria operations. The contract falls within Weatherford’s well construction and completions portfolio and covers integrated upper and lower completions systems for deepwater wells. According to the company, the scope of work is focused on supporting well integrity, […]
TotalEnergies is advancing a multi-pronged offshore growth strategy in Angola, combining deepwater project development, brownfield optimization and frontier exploration as the company expands its long-term position in the country. The company’s Angola country manager, Martin Deffontaines, is scheduled to speak at the Angola Oil & Gas (AOG) Conference & Exhibition in September as Angola continues pursuing efforts […]