ADNOC has deployed RoboWell, AIQ’s pioneering artificial intelligence (AI) autonomous well-control solution, in its operations at the offshore NASR field. This world-first offshore technology uses cloud-based AI algorithms to autonomously operate wells that self-adjust according to changing conditions.
Saudi crude oil exports to China will rebound in August to at least 44 million barrels (mmbbl) after deep price cuts by state energy firm Saudi Aramco supporting demand, according to Reuters.
Shell is seeking government permission authorities to drill up to five offshore wells off the west coast of South Africa, according to Reuters.
Equinor and its partners commenced production from the first Lavrans well within the Kristin South area on July 7th, expected to produce 6.2 GSm3 of gas and 1.9 MSm3 of oil, equating to a total of 58.2 million barrels of oil equivalent (mboe).
Eni has made a new discovery on the Yopaat-1 EXP exploration well in Block 9 offshore Mexico with preliminary estimates of around 300-400 million barrels of oil equivalent (mboe) and associated gas in place.
Iran has signed a major gas swap deal with Tukmenistan under which Iran will supply up to 10 billion cubic meters (bcm) of natural gas to Baghdad, Iraq in return for receiving the same volumes from Ashgabat, Tukmenistan.
Norway plans to form a stronger partnership with Indonesia and explore investment opportunities in renewable energy such as hydropower, and carbon capture and storage (CCS), according to Energy Minister Terje Aasland.
Shell expects to face up to $2 billion of impairments in its second-quarter earnings of 2024 related to a delayed biofuels plant under construction in the Netherlands and its chemicals facility in Singapore, Bloomberg reported.
ADNOC has signed a general agreement with the Japan Bank for International Cooperation (JBIC) for a $3 billion (AED11 billion) green financing facility, the first green funding that aims to support the company’s decarbonization and energy transition initiatives.
ADNOC Drilling has secured a $733 million contract by ADNOC Offshore, for three island drilling rigs to operate on existing and newly constructed innovative artificial islands at the offshore Zakum field for drilling and completion of wells.
