News / International

Oman Signs EPSA with OQEP, Genel Energy to Boost Hydrocarbons in Block 54

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.

Indonesia to Build Refineries with Total Capacity of 1 mmbbl/d

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.

Iraq Ministry Of Oil, bp Enters Into Agreement to Develop Four Fields

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.

AIQ, ADNOC Sign Contract to Deploy AI within ADNOC’s Operations

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 Acquires 100% of Sval Energi’ Shares with Costs $450 Million

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.

ADNOC Pursues Acquiring Natural Gas Fields in US

Abu Dhabi National Oil Company (ADNOC) looks forward to buy natural gas fields in the US to deepen its presence in the country.

McDermott Completes EPCIC at Shell’s Whale Development Project, to Begin Oil Production

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.

SLB Launches EWC™ Electric Well Control Technology for Cost-Efficient, Safe Drilling Operations

SLB, a Global Energy Technology Company, has launched its new EWC™ electric well control technologies, which aim to lower costs and enhance the safety of drilling operations. Traditionally, well control systems have relied on hydraulic systems, which involve a complex network of hoses, valves, and actuators, making them expensive to install and requires costly routine maintenance over their lifetime. The EWC technology allows for instant and precise control and monitoring of blow out preventer (BOP) onshore and offshore, leveraging industrial internet of things (IIoT) components to provide real-time pressure readouts without conventional gauges.

Kazakhstan Reaches Record Oil Production of 2.12 Million bbl/d, Exceeding OPEC+ Quota

Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota of of 1.468 million bbl/d agreed upon within the OPEC+ group of oil producers. as Reuters reported. Excluding gas condensate, Kazakhstan's crude oil production surged by 15.5% from January to 1.83 million bbl/d, which takes into account Kazakhstan's tons per barrel ratio of 7.5. The Tengiz oilfield saw production increase to 904,000 bbl/d last month from 640,000 bbl/d in January, following the completion of maintenance and due to an expansion program.

Baker Hughes, Frontier Infrastructure to Deploy Large Scale CCS Project, Power Solutions in US

Baker Hughes has partnered with Frontier Infrastructure, a Tailwater Capital portfolio company, to accelerate the deployment of the Sweetwater Carbon Storage Hub (SCS Hub) and power solutions in the US. The SCS hub, one of the largest open-source carbon sequestration assets in the country, is designed to support industrial emitters across the region and ethanol facilities across the Midwest, providing open access for carbon storage through the hub’s CO2-by-rail strategy. Spanning nearly 100,000 acres in Wyoming, the SCS Hub is expected to store over 350 million metric tons of CO₂ once fully operational. 

Page 35 of 1129

Popular Tags

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password