Eni has been awarded “Gold Standard Reporting” of the Oil and Gas Methane Partnership 2.0 (OGMP 2.0) for its commitment to reporting emissions at the highest data quality levels.
ExxonMobil said on Wednesday it had reached 500 million barrels (mmbbl) of oil production from Guyana’s Stabroek block since 2019, with aim to increase production capacity to over 1.3 mmbbl of oil per day by 2027 once six approved offshore projects are online.
Occidental Petroleum released its third quarter on Tuesday, reporting adjusted profit of $977 million or $1.00 per share surpassing analysts’ expectation of $0.74adjusted per share income.
SLB has launched Stream™ high-speed intelligent telemetry that increases drilling confidence and performance for complex wells.
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 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, 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 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.
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.
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.
