SLB Launches Stream High-Speed Intelligent Telemetry for Drilling Complex Wells
SLB has launched Stream™ high-speed intelligent telemetry that increases drilling confidence and performance for complex wells.
News / International
ExxonMobil to Sell Older Permian Assets to Hilcorp in $1B Deal
Exxon Mobil Corp. has reached an agreement to sell its conventional oil drilling assets in the Permian Basin of Texas and New Mexico to Hilcorp Energy for approximately $1 billion, according to Reuters.
Petrobras Begins Operation of its Natural Gas Processing Unit at Boaventura Energy Complex
Petrobras has commenced operations in its Natural Gas Processing Unit (UPGN), located at Boaventura Energy Complex known as the Itaboraí Industrial Complex. The first module is now processing 10.5 million cubic meters of gas per day and is expected to increase to 21 mcm/d of gas with the operation of the second module by the end of the year.
Arabian Drilling Secures 10-Year Contract Extension with Saudi Aramco
Arabian Drilling, a drilling services provider in Saudi Arabia, has secured a 10- year extension contract for one of its land rigs operating for Saudi Aramco. The contract will commence immediately upon the conclusion of the current contract in the fourth quarter of 2024.
McDermott’s CB&I Secures EPC Contract in Australia for Viva Energy
McDermott's subsidiary CB&I has secured a contract valued between $10-$50 million for the engineering, procurement, and construction (EPC) of two 10-million-liter diesel tanks and associated civil, structural, mechanical, and piping works. The project is part of a diesel tank replacement project at Viva Energy's Newport Terminal in Melbourne, Australia.
EU Eyes US LNG to Replace Russian Imports, Says von der Leyen
European Commission President Ursula von der Leyen has suggested that the European Union may seek to replace Russian liquefied natural gas (LNG) imports with those from the United States, according to Reuters.
Hurricane Rafael Shuts 28% of US Gulf Crude Oil Production, 17% of Natural Gas
The US Gulf of Mexico has experienced losses of 490,241 barrel of oil per day and 313 million cubic feet of gas per day of natural gas caused by Rafeal Hurricane, the US Bureau of Safety and Environmental Enforcement (BSEE) reported on Saturday.
Dana Gas Eyes Egypt Growth, Seeks Payment Release
Dana Gas released its financial results for nine months ending 30 September 2024, reporting a decline in net profit of AED 410 million ($112 m), compared to AED 462 million ($126m) in 9M 2023, due to lower realized prices in condensate and LPG. Meanwhile, the company focused on driving cost and production optimization, especially in the KRI to offset the financial impact of these challenges.
Oil Prices Rise After US Election, Raising Concerns on Oil Supply
Oil prices have risen slightly following the US presidential election, as investors weigh the potential impact of a Trump presidency on oil supply and the effects of an approaching hurricane in the Gulf Coast.
ADNOC Secures Sales, Purchase Agreement from SEFE for Ruwais LNG project
ADNOC has signed a 15-year Sales and Purchase Agreement (SPA) with SEFE Marketing and Trading Singapore, a subsidiary of Germany’s SEFE, for the supply of 1 million tons per annum (mtpa) of liquefied natural gas (LNG) to Europe.
