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Onshore driller H&P closes $1.97 billion acquisition of UK competitor KCA Deutag

Helmerich & Payne, Inc. (H&P) today announced that it has completed its acquisition of KCA Deutag, establishing a global leader in onshore drilling in a deal valued at nearly $2 billion. “We are […]

Oil prices weighed down by geopolitical easing

*Oil prices – But supply issues remain supportive London — Crude oil futures were under pressure after a strong rise in the previous session, although crude prices continue to find support due to supply concerns. […]

Iraq to sign deal with Halliburton to develop Nahr Bin Omar oilfield

Bassem Abdul Karim, director general of state-run BOC, said Iraq’s oil ministry and Halliburton are expected to sign a confidentiality agreement in the coming days, after which Iraq will provide Halliburton with data on the […]

ADNOC Gas, Baker Hughes launch Levidian technology to turn methane into hydrogen, graphene

ADNOC Gas in partnership with Baker Hughes has successfully installed British climate technology firm Levidian’s patented LOOP technology at the Habshan Gas Processing Plant. This marks the first-ever deployment of the technology at an operational […]

DNO awarded 13 exploration licenses for North, Norwegian Seas

DNO ASA announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 13 exploration licenses, of which four are operatorships, under Norway’s Awards in Predefined Areas (APA) 2024 licensing round. […]

‘Indigenous service providers crucial to boosting Nigeria’s oil output’

*The Minister of State for Petroleum Resources (Oil) Sen. Heineken Lokpobiri, during a tour of Geoplex OFS and WCS facilities in Port Harcourt, Rivers State. Mkpoikana Udoma Port Harcourt — The Minister of State for […]

WTI crude oil price exceed $80.00 per barrel

*Brent, WTI. London — The price of West Texas Intermediate (WTI) crude oil has experienced a notable increase, surpassing $80.00 per barrel. This rise represents a jump of over 3%, placing the price at $80.70, […]

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BP, Iraq sign most commercial terms to revive Kirkuk oil field

(Bloomberg) – BP and the Iraqi government agreed the majority of commercial terms toward reviving the Kirkuk oil field on Tuesday, further progress toward a final agreement that is expected early this year. […]

Mining sector generates N38bn, 45,000 jobs in 2024

*Members of joint National Assembly Committee on Solid Minerals. – As Lawmakers reject N9bn budget Mkpoikana Udoma Port Harcourt — The solid minerals sector achieved a record-breaking N38 billion revenue in 2024, surpassing its projected […]

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Flowserve wins ADNOC contract to deploy flow control tech for groundbreaking CCS project

Flowserve has been awarded a contract to supply Dry Gas Seals and Dry Gas Seal Systems to support a groundbreaking initiative for ADNOC. ADNOC’s large-scale CCS project aims to capture 1.5 million tons of carbon […]