Aquaterra Energy and James Fisher have formed a strategic partnership to deliver integrated offshore decommissioning services, combining engineering, well access and offshore execution capabilities under a single delivery model. The companies said the collaboration is designed to simplify well abandonment and infrastructure removal projects by reducing the number of contractor interfaces while improving coordination from project planning through […]
Vulcan Completion Products has expanded its presence in the Caspian region by opening a new office and warehouse in Baku, Azerbaijan, following the extension of a contract with a major operator in the country.
The UK Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) has opened a public consultation on Adura’s Jackdaw gas field, marking another step in the regulatory approval process before the North Sea project can begin production.
Chevron Technical Center has signed a technology licensing agreement with ZL Chemicals Ltd. to commercialize Chevron-developed surfactant technology designed to improve resource recovery in shale and tight oil reservoirs.
ADNOC has signed a strategic collaboration agreement (SCA) with South Korea’s Ministry of Trade, Industry and Resources (MOTIR) to expand long-term crude oil supply, strengthen emergency supply coordination and enhance strategic crude storage cooperation.
Oil prices jumped Wednesday after U.S. President Donald Trump declared that the ceasefire with Iran was effectively over and said the United States would “probably” launch additional military strikes, raising the prospect of renewed conflict in one of the world’s most important oil-producing regions.
The deal, signed in Abuja, will see NNPC and Seplat supplying 5.7 million cubic metres of gas per day to the UTM FLNG project, which is set to produce 1.8 million tonnes of LNG per year.
BP PLC said Monday it had secured an agreement to sell its stake in the Bay du Nord oil project in Canada’s Flemish Pass Basin to operator Equinor ASA. “The transaction is consistent with BP’s continued focus on portfolio simplification and disciplined capital allocation”, the British energy giant said in a statement. The project, located […]
The US carried out a new round of strikes in Iran targeting more than 80 sites and revoked a waiver allowing new sales of its oil, further imperiling a peace agreement after a series of attacks on ships in the Strait of Hormuz. American forces struck Iranian air defense systems, command and control networks, coastal […]
The U.S. Energy Information Administration (EIA) has raised its global oil production forecast in its July Short-Term Energy Outlook (STEO), citing the recovery of shipping through the Strait of Hormuz following the June 18 agreement between the United States and Iran to reopen the strategic waterway. EIA now expects global crude oil production and trade flows to […]