CNOOC Makes Progress in Wushi Appraisal well in Beibu Gulf in China
CNOOC has achieved a high yield well in Beibu Gulf producing over 1,000 cubic meters of oil equivalent per day. the first well of such productivity in Wushi Sag.
News / International
Australia Announces New Offshore Gas Exploration Permits to Secure Domestic Gas
Australia has unveiled plans to issue new offshore gas exploration permits for its east and west coast markets, aimed at securing long-term gas supply as the country accelerates its shift away from coal-fired power stations.
SLB Reports 8% YoY Rise in Net Income in Q2 2024 Results
SLB has released its second quarter results of 2024, recording net income attributable to SLB of $1.11 billion, a 4% sequential and an 8% year-on-year increase. The diluted EPS on a GAAP basis was $0.77, up 4% sequentially and 7% year-on-year.
Aramco, Air Products Qudra Cooperate to Develop Lower-Carbon Hydrogen Production Business
Aramco has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly owned subsidiary of Air Products Qudra (APQ). The agreement will also include options for Aramco to offtake hydrogen and nitrogen.
TotalEnergies Sells Its Interest in SPDC JV, Retaining Interest in Gas Supply to Nigeria LNG
TotalEnergies EP Nigeria has signed a $860 million sale and purchase agreement (SPA) with Chappel Energies for the sale of its10% interest in the SPDC joint venture in Nigeria.
Kuwait Signs Nine Drilling Contracts, Strengthens Heavy Oil operations
Kuwait Oil Company (KOC) has signed nine contracts with five local companies aimed at providing nine surface drilling rigs (550 HP) for heavy oil production operations in the North Kuwait fields for five years, at competitive prices and within the scope of allocated budgets.
ADNOC Deploys AIQ’s RoboWell AI Solution in Offshore NASR Field
ADNOC has deployed RoboWell, AIQ’s pioneering artificial intelligence (AI) autonomous well-control solution, in its operations at the offshore NASR field. This world-first offshore technology uses cloud-based AI algorithms to autonomously operate wells that self-adjust according to changing conditions.
Saudi to Increase Crude Oil Supply to China, Reaching 44 mmbbl
Saudi crude oil exports to China will rebound in August to at least 44 million barrels (mmbbl) after deep price cuts by state energy firm Saudi Aramco supporting demand, according to Reuters.
Shell Seeks Permission to Drill Offshore South Africa
Shell is seeking government permission authorities to drill up to five offshore wells off the west coast of South Africa, according to Reuters.
Equinor Starts Production of First Lavrans Well in Norwegian Sea
Equinor and its partners commenced production from the first Lavrans well within the Kristin South area on July 7th, expected to produce 6.2 GSm3 of gas and 1.9 MSm3 of oil, equating to a total of 58.2 million barrels of oil equivalent (mboe).
