Fulkrum, a global leader in inspection, expediting, auditing, and technical staffing services, announced the successful completion of its vendor surveillance work for Shell’s pioneering Penguins project.
The CEO of the Petroleum Engineering and Development Company (PEDEC) Nasrollah Zarei announced that the launch of the first phase of the crude oil processing unit at the South Azadegan joint field will be soon to start production.
TotalEnergies has signed an agreement with the German developer RWE to supply 30,000 tons a year (tpy) of green hydrogen to the German Leuna refinery for 15 years, marked as the largest quantity of green hydrogen ever contracted from an electrolyzer in Germany. TotalEnergies said on Wednesday that green hydrogen will be produced by a 300 MW electrolyzer, built and operated by RWE in Lingen, and its storage will be provided locally. Then, it will be transported through a 600 km pipeline straight to the refinery, ultimately preventing around 300,000 tons per year of CO2 emissions from the site starting in 2030.
Oman’s Ministry of Energy and Minerals has signed a significant Exploration and Production Sharing Agreement (EPSA) with OQ Exploration and Production (OQEP) and Genel Energy to develop Concession Block 54, also known as the Karawan Concession spanning 5,632 sq km in the Al Wusta Governorate. The initial phase of the agreement, set to last three years with investments reaching up to $25 million, will include the execution of advanced 3D seismic surveys, the drilling of new exploration wells, and the re-evaluation of existing wells.
The Minister of Energy of Indonesia Bahlil Lahadalia announced that the country is to build oil refineries on several of its islands, including Kalimantan and Sulawesi, with a total capacity of 1 million barrels per day (mmbbl/d) increasing from 500,000 b/d.
The Iraq’s Ministry of Oil, represented by the North Oil and North Gas Companies, signed a contract with bp with initials to develop four fields.
Building on the successful completion of a transformative proof-of-concept phase, AIQ – a Presight company – announced a landmark $340 million contract with ADNOC to deploy ENERGYai and associated AI solutions across ADNOC’s upstream value chain.
DNO ASA, the Norwegian oil and gas operator, announced it has reached agreement to acquire 100% of the shares of Sval Energi Group AS from HitecVision for a cash consideration of $450 million based on an enterprise value of $1.6 billion.
Abu Dhabi National Oil Company (ADNOC) looks forward to buy natural gas fields in the US to deepen its presence in the country.
McDermott has completed the engineering, procurement, construction, installation, and commissioning (EPCIC) activities in the Gulf of Mexico to begin oil production at Shell's Whale development. The project, awarded in 2021 and completed last month, leveraged McDermott's marine assets, including the North Ocean 102 vessel and the newly upgraded Amazon, to perform complex pipelay operations at depths of nearly 2,800 meters. This included the installation of approximately 50 kilometers of pipeline and 15 kilometers of umbilicals, connecting five subsea drill centers to the new Whale floating production platform.
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