Helix Bags 3-Year Contracts with Petrobras for Well Intervention Vessels
The new three-year contracts are valued in aggregate at an estimated $786 million.
Petrobras' Second FPSO in Mero Attains Top Production
The floating production storage and offloading (FPSO) vessel Sepetiba attained production of 180,000 barrels per day (bpd) of oil in the Mero field.
OPEC Receives Updated Compensation Plans from Iraq, Kazakhstan
'The entire overproduced volumes will be fully compensated for by September 2025'.
ONEOK to Acquire Controlling Stake in EnLink, All of Medallion for $5.9B
'We are particularly excited to meaningfully increase our company's presence in the Permian Basin, which is expected to continue driving the majority of U.S. oil and gas growth'.
TotalEnergies Acquires Operatorship of Another South Africa Block
TotalEnergies hopes to extend its exploration success on the Namibian side of the Orange Basin to the South African side.
Valeura Raises Production by a Fourth as Thai Project Completes Ramp-Up
The Nong Yao C field extension project in the Gulf of Thailand achieved full output capacity at 13,400 bpd.
Oil Volatility Increases
Standard Chartered analysts said the past month 'has seen some sharp price swings but no sustained momentum'.
Equinor Eyes to Deploy World's First Supply Vessel Running on Ammonia
Equinor signed a contract with Eidesvik Offshore for the engine conversion of the Viking Energy supply vessel to enable it to run on ammonia.
Hydrogen May Be Bad Bet for Gas Turbine Makers, Warns Energy Research Group
Gas turbine manufacturers are facing risks by betting on the future of hydrogen in the energy transition, as questions persist about the technology's suitability for decarbonization.
Egypt's EGAS Launches Bid Round for 12 Blocks
The bid round includes 10 offshore blocks and two onshore blocks.
Exxon Seeks to Sell Conventional Permian Assets for $1B
Exxon Mobil Corp. is looking to sell a package of conventional oil assets in the Permian Basin.
Oil Falls Amid Geopolitical Risks and Declining US Stockpiles
Oil slipped for a second day, extending a bumpy run so far this month, with the market focusing on Libyan supplies, key technical indicators and US inventory data.
QatarEnergy, KPC Sign 15-Year LNG Deal
The agreement was signed during a special ceremony held in Kuwait City.
US DOE Set to Award $31 MM to Six Geothermal Demo Projects
The projects focus on improving enhanced geothermal systems construction and demonstrating the potential of reservoir thermal energy storage for reducing industrial energy needs.
Linde to Supply Clean Hydrogen to Dow's Net Zero Emission Cracker
Linde will invest more than $2 billion to build, own, and operate a world-scale integrated clean hydrogen and atmospheric gases facility in Alberta, Canada.
Harbour Eyes Early Acquisition Close of Wintershall Dea Portfolio
The UK-based company now expects to close the acquisition of the asset portfolio in early September.
Egypt's EGAS Launches Bid Round for 12 Blocks
The bid round includes 10 offshore blocks and two onshore blocks.
Nigeria's NNPC Says Achieved Milestone LNG Deliveries to China, Japan
NNPC made its first LNG deliveries to Japan and China on an ex-ship basis.
Equinor Boosts Norwegian Economy with $12.7B in 2023
'This year's report shows that deliveries to this industry come from the majority of Norwegian municipalities and are spread across the country'.
PetroChina Sees 3.9 Percent Increase in H1 Profit despite Weaker Demand
Operating results broke company records for the period for the third consecutive year despite an overall weakening of demand in the oil and gas industry.
