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ADNOC and AIQ to deploy AI solution that will boost upstream operations

(WO) – ADNOC announced today the deployment of AIQ’s Advanced Reservoir 360 (AR360) solution on more than 30 reservoirs across ADNOC’s upstream operations, following the solution’s successful initial deployment in early 2024 on two ADNOC […]

Oil prices fall, on track for 8% weekly decline on China demand woes

*Oil prices – Brent, WTI headed for biggest weekly drop since Sept. 2– China’s economy grew at the slowest pace in Q3 since early 2023– US crude output at record high, while oil stocks fall, […]

UK imposes sanctions on Russian oil and LNG vessels

Britain says the ‘shadow fleet’ uses illicit practices to avoid Western restrictions on Russian oil. The announcement came after the United States and Canada agreed to join a “call to action” to tackle it, which […]

Petroperu still operating without a board after last month’s mass resignation

(WO) – Peru’s government can’t find board members to lead its struggling state-owned oil company more than five weeks after its last board resigned. “It is pretty complicated to find the right people,” […]

Transocean announces $193 million ultra-deepwater drillship contract in Gulf of Mexico

(WO) – Transocean Ltd. today announced a one-year contract for the Deepwater Conqueror with an undisclosed operator in the U.S. Gulf of Mexico. The contract is expected to commence in October 2025 and contribute approximately […]

Atiku demands safer petroleum products transport over Jigawa explosion

*Death toll from Jigawa petrol tanker fire mounts. – As Lokpobiri calls for probe Mkpoikana Udoma Port Harcourt — In the wake of a devastating petrol tanker explosion in Majiya Town, Taura Local Government Area […]

HYPREP reports progress in combating re-pollution, artisanal refining

*Group photos of stakeholders including regulators, Shell representatives, and civil society groups at the HYPREP quarterly meeting in Port Harcourt. Mkpoikana Udoma Port Harcourt — The Hydrocarbon Pollution Remediation Project, HYPREP, says it has recorded […]

MOL Group and Turkish Petroleum form strategic partnership for hydrocarbon explorations

(WO) – MOL Group signed a Memorandum of Understanding with Turkish Petroleum Corporation (TPAO) in Istanbul to form a strategic partnership for hydrocarbon exploration and production. The companies agreed to expand their cooperation after successful […]

At least 105 people killed in Jigawa fuel tanker explosion

*Fuel tanker fire Lagos — At least 1o5 people have been reported dead and 70 injured in the northern part of Nigeria when a crashed fuel tanker exploded near locals who gathered to fetch fuel […]

North Star lands commissioning SOV contract, key role in Europe offshore wind work

North Star has secured its first contract for a commissioning service operation vessel (CSOV), a second award with EnBW, further establishing the company’s growing presence in the European offshore wind sector. This award […]