Chinese offshore oil and gas giant CNOOC Ltd announced a 9% increase in its third-quarter net income compared to the previous year, as higher oil and gas output offset lower realized oil prices.
Baker Hughes has signed contracts with Petrobras to provide 77 kilometers of flexible pipe systems to be deployed in Brazil’s pre-salt fields. The multi-year project, signed on October 15, 2024, following an open tender, includes risers and flowlines for hydrocarbon production, as well as associated gas and water injections with support for equipment storage, maintenance, and installation.
Iran's Ports and Maritime Organization (PMO) has reported more than 46.075 million metric tons (mt) loadings of crude oil and petroleum products at Iranian ports in the seven months ending October 21.
CNOOC has commenced production at its Xijiang 30-2 Oilfield Xijiang 30-1 Block Development Project located in eastern South China Sea, ahead of schedule.The project, with an average water depth of about 98 meters, is expected to reach a peak production of approximately 26,000 barrels of oil equivalent per day (boe/d) in 2027. The oil property is medium crude.
SLB has announced its third-quarter results (3q24), achieving a notable revenue of $9.16 billion, a 10% increase year-on-year, despite a cautious macroeconomic environment.Â
Petrobras has signed an agreement to supply Vale with diesel containing renewable content, with potential to expand to other low-carbon fuels, according to Reuters.
Esso Australia, a subsidiary of ExxonMobil Australia Pty Ltd and operator of the Gippsland Basin Joint Venture has completed the Kipper Compression Project, maintaining crucial natural gas supplies for the domestic market.
ADNOC has deployed AIQ’s Advanced Reservoir 360 (AR360) solution on more than 30 reservoirs across the company’s upstream operations, following the solution’s successful initial deployment in early 2024 on two reservoirs at Bab and Umm Shaif fields.Â
TotalEnergies has signed an agreement to sell its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian company. The transaction, subject to authorization by the relevant authorities, involves a network of about 240 filling stations and several storage facilities for petroleum products and ethanol.
Sinopec, China's state-owned oil and gas giant, has announced that it is now pumping 1,600 metric tons per day of shale oil at its pilot project in Jiyang, east China, an increase from the 100 tons it was producing in 2021.
