Oil & gas news
PETRONAS discovery in Suriname approaches 400 million bbl
According to Wood Mackenzie, TotalEnergies and APA Corporation are close to sanctioning a cluster FPSO development on Block 58.
Dow, State of Wyoming and University of Wyoming partner to advance oil recovery
The Wyoming Gas Injection Initiative (WGII) is set to launch to enhance oil well productivity and recovery from existing fields and wells in Wyoming.
Saipem awarded a new offshore contract by Azule Energy
Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., subsidiary of Azule Energy Holdings Ltd. an incorporated joint venture between Eni and bp, for the development of the Ndungu Field as part of Agogo Integrated West Hub Project, located approximately 180 km off the coast of Angola. The value of the contract is around US$850 million.
Seadrill enters agreement to sell its Qatar jack-up fleet and expands share repurchase programme
Seadrill has announced that it has entered into a definitive agreement to sell three jack-up rigs—the West Castor, the West Telesto and the West Tucana, and its 50% equity interest in the joint venture that operates these rigs offshore Qatar to Seadrill’s joint venture partner gulf drilling international for cash proceeds of US$338 million.
Rystad Energy: Oil demand to grow in the mid-term
Oil demand will rise further in the medium term, according to Rystad Energy research and modelling, as low-carbon alternatives are not yet sufficiently developed or economically competitive to offset the growing demand for transportation and industrial services.
Expro completes acquisition of Coretrax
The acquisition will help Expro to expand its portfolio of cost-effective, technology-enabled well construction and well intervention and integrity solutions.
CGG changes name to Viridien
To further support its growth strategy, the company will launch the new Viridien brand on 10 June at the upcoming EAGE Annual Conference in Oslo.
PETRONAS makes latest oil and gas discovery in Suriname's offshore block 52
PETRONAS Suriname E&P B.V. a subsidiary of PETRONAS, has made a third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well in Suriname’s Block 52, located about 170 km offshore and 9 km east from Roystonea-1.
AquaTerra Group secures significant decommissioning projects
These latest projects represent a notable increase in AquaTerra’s roster of decommissioning projects between 2023 and 2025.
AG Consultancy launches energy safety software for oil and gas sector
The company has launched a tool designed to overcome challenges posed by the implementation of global health and safety standards and Ex/ATEX inspections.