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Aramco awards CPA to InflowControl AICV technology for onshore, offshore wells

The CPA awarded to Accell enables Aramco to efficiently procure InflowControl’s patented AICV® technology to support the reduction of unwanted water and increase of net-oil from their onshore and offshore wells. “It has […]

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BOEM rescinds flawed NTL in a move to protect offshore energy development

National Ocean Industries Association President Erik Milito has issued a statement after the Bureau of Ocean Energy Management (BOEM) rescinded NTL No. 2023-G01, Expanded Rice’s Whale Protection Efforts During Reinitiated Consultation with NMFS: […]

Equinor plans sale of onshore assets in Argentina, local news report says

*Equinor Oslo/Buenos Aires — Norwegian oil and gas firm Equinor is looking to sell its onshore assets in Argentina’s Vaca Muerta region, the Mas Energia online publication reported, citing unnamed sources. Equinor has hired Bank […]

UAE’s ADNOC completes $2.84 billion offering of shares in its gas unit

It is the biggest share sale in the Middle East and North Africa (MENA) region since the $12.3 billion follow-on offering by Saudi Aramco in June, and one of the largest in recent years. Parent […]

ConocoPhillips to sell interest in Gulf of Mexico assets to Shell for $735 million

ConocoPhillips will sell its interests in the Gulf of Mexico Ursa and Europa fields to Shell for $735 million, both companies confirmed today. ConocoPhillips continues to work towards a strategy of divesting noncore assets, while […]

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RRC commissioners assess more than $1.3 million in penalties

The Railroad Commission of Texas assessed $1,346,019 in enforcement docket fines against operators and businesses at the Commissioners’ open meeting on Wednesday. The Commission has primary oversight and enforcement of the state’s oil […]

Repsol says Trump’s gas policies will help lower prices

“The new licenses to export LNG are going to increase demand,” Josu Jon Imaz, whose company produces gas in the United States, said in a call with investors. The increased supply will help bring gas […]

Nigeria targets 10m new jobs as digital trade champion under AfCFTA

Mkpoikana Udoma Port Harcourt — Nigeria is set to create over 10 million new jobs by the end of 2025, as it takes the lead in Africa’s digital trade revolution under the African Continental Free […]

Caterpillar Oil & Gas launches new solution for GHG emissions reduction

Caterpillar Oil & Gas has launched its new Cat® Dynamic Gas Blending™(DGB) Gen 2 Kit. The solution enables drilling companies to utilize existing 3512C Tier 2 power solutions to lower greenhouse gas (GHG) […]

Explosion destroys oil flow stations at Cawthorne Channel near Bonny

Port Harcourt — A massive fire and explosion has destroyed two oil flow stations around the Cawthorne Channel in Bonny Local Government Area of Rivers State, with reports indicating loss of lives and extensive damage […]