Saudi Arabia’s energy minister announced a new discovery of seven oil and gas deposits in the kingdom’s Eastern Province and Empty Quarter, the official Saudi news agency SPA reported.
Chevron Corporation is revolutionising offshore energy development with innovative field development optimisation tools that significantly reduce decision-making timelines from days to hours.
Japan’s MODEC and Terra Drone Corporation, a compatriot drone and urban air mobility (UAM) technology company, have sealed a deal to enhance inspection drones for floating production, storage, and offloading (FPSO) units to enable unmanned inspection, which will bring down the number of the required workforce for such tasks.
China’s state-run China National Offshore Oil Corporation (CNOOC) has brought onstream the first oil field in China that features low-carbon design and receives power from the shore for its operations in South China Sea.
$5.2 bil Woodside project pumping 100,000 b/d of medium sour oil
Maran Poseidon ship arrives, Shell International Trading the charterer
Production adds to non-OPEC+ supply as alliance eyes price boost
If you and a partner invest in a boat and decide to split profits equally, you will feel cheated if her share is much greater than 50%.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled a new initiative, AfriPERF, to fast-track the utilisation of Africa’s vast petroleum resources, which are estimated at 620 trillion cubic feet (Tcf) of natural gas and 125 billion barrels of crude oil.
Vår Energi ASA has reported a successful discovery at its operated Cerisa exploration well in production license PL 636 offshore Norway.
All eyes are fixed on US inflation data as crude oil prices have maintained their hot streak and are set to end this week with a third weekly gain. Surging geopolitical tensions around Israel and Lebanon have overshadowed slackening economic data from the US in May, with every single day this week posting a day-on-day increase and Brent set to finish the week at $87 per barrel.
Nigeria’s crude oil production is expected to rise in the third quarter (Q3) of 2024, as new fields come onstream following the ongoing efforts to revamp existing oil and gas assets to boost output, a report by the Society of Energy Editors (SEE), has revealed.