Portuguese oil company Galp Energia has completed the initial exploration phase in the Mopane field off Namibia's coast, revealing promising estimates of up to 10 billion barrels of oil.
Oman has reached 8.39 billion cubic meters (bcm) of total domestic production and import of natural gas until the end of February 2024, a 2% decline from the same period last year, when the total at that time reached 8.56 bcm.
SLB has announced its first quarter results, achieving year-on-year 14% rise in profits, driven by higher oil and gas drillings in the Middle East and Asia which had offset decline in North America.
Iraqi gas is considered an energy source that can be relied upon in the future, stated Iraqi Oil Minister, Abdul Ghani, noting that the ministry has taken significant steps in the issue of gas investment to reduce its burning from various oil fields.”
Petrofac has secured a $350 million Technical Services Contract with Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the National Oil Company of Equatorial Guinea, to support the operation of the region's Block B asset.
ADES Holding Company (ADES) in Saudi Arabia has been awarded a one-year firm jack-up drilling contract in Qatar by a major International Oil Company (IOC), with optional extensions of up to 18 months. The total contract value, including firm and optional terms, amounts to approximately SAR 350 million ($93.3 million).
Chevron's venture capital arm has announced its third fund, the Future Energy Fund III, with a $500 million commitment aimed at investing in renewable energy technologies, according to Reuters.
SLB has secured three contracts from Petrobras for completion hardware and services for up to 35 subsea wells in the Buzios Wave II oilfield development. The contracts entail SLB’s full bore electric interval control valves and electric subsurface safety valves. marking a shift towards full production system electrification for Petrobras to enhance production availability through more reliable completions.
TechnipFMC has secured a contract in Guyana's Stabroek Block from ExxonMobil Guyana Limited for the Whiptail project. This contract involves the supply of subsea production systems, including 48 subsea trees, associated tooling, 12 manifolds, controls, and tie-in equipment.
TotalEnergies has said that more efforts are needed before a final investment decision can be made regarding the planned liquefied natural gas (LNG) project in Papua New Guinea.
