Global oil and gas contract value declines in 3Q24
Global oil and gas contract value declines despite steady volume in 3Q24, reveals GlobalData.
Browse the latest drilling & production news and articles.
Global oil and gas contract value declines despite steady volume in 3Q24, reveals GlobalData.
The acquisition increases LandBridge holdings to roughly 272 000 surface acres.
TotalEnergies and Oil India Limited (OIL) have signed a Cooperation Agreement to carry out methane emissions detection and measurement campaigns using TotalEnergies’ pioneer AUSEA technology at OIL sites in India.
The EIA has reported that monthly average natural gas spot prices at northwestern US and western Canada border pricing hubs reached historic lows in 2024 through October, according to data from Natural Gas Intelligence. Robust natural gas production in western Canada, where output has generally increased over the last two years, and high natural gas inventories in the region contributed to the low prices.
The achievement is expected to contribute significantly to Pakistan's energy security.
President-elect Donald Trump has chosen oil and gas industry CEO Chris Wright as his next energy secretary, with Trump seemingly intent on fulfilling his election promise to increase exploration and production.
International energy transition specialists Well-Safe Solutions have been awarded two new contracts totalling US$25 million for approximately 170 days of firm work, using the Well-Safe Protector jack-up and Well-Safe Defender semi-submersible.
Ovintiv Inc. has announced it has entered into a definitive purchase agreement to acquire certain Montney assets from Paramount Resources Ltd. in an all-cash transaction valued at approximately US$2.377 billion.
Equinor has awarded a two-year firm contract to Northern Ocean Wind AS to employ the mobile rig Deepsea Bollsta on the Norwegian continental shelf.
Seatrium Limited delivers its fifth newbuild jackup rig ‘Var’ to Borr Drilling.
According to Rival, these endeavours align with its strategic vision to broaden its global footprint and reinforce its commitment to providing customers downhole drilling technologies and service delivery.
TotalEnergies has announced that the company is enhancing its monitoring and reduction of its methane emissions with the deployment of continuous, real-time detection equipment at all of its operated upstream sites.