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TotalEnergies becomes operator of exploration Block 3B/4B offshore South Africa

*TotalEnergies operated blocks offshore South Africa Newswire — Eco (Atlantic) Oil & Gas has completed a farm down of a 13.75% participating interest in Block 3B/4B offshore South Africa to TotalEnergies and QatarEnergy. TotalEnergies is […]

CMT meets demand for rapid lube oil & cylinder monitoring

*WBS IR Analyser. London — Pioneering condition monitoring solutions company CM Technologies (CMT) has developed new tools to assess the condition of lubricating oils and cylinder liners, in a development that marks a significant step forward […]

Half of energy organizations plan to integrate AI into operations, new DNV report shows

(WO) – Nearly half of senior energy professionals plan to integrate Artificial Intelligence (AI)-driven applications into their operations in the coming year, according to a new report from DNV, the independent energy expert and assurance […]

Shell to leverage Akselos structural management software across critical assets

(WO) – Akselos announced a strategic enterprise agreement with SHELL INFORMATION TECHNOLOGY INTERNATIONAL B.V. Thomas Leurent, CEO of Akselos The new agreement between Akselos and Shell will extend successful projects with Shell Pearl […]

Shell to leverage Akselos structural management software across critical assets

(WO) – Akselos announced a strategic enterprise agreement with SHELL INFORMATION TECHNOLOGY INTERNATIONAL B.V. Thomas Leurent, CEO of Akselos The new agreement between Akselos and Shell will extend successful projects with Shell Pearl […]

Aradel acquires Olo and Olo West marginal fields

*Nigeria’s marginal fields acreage. Oritsegbubemi Omatseyin Lagos — Aradel Holdings Plc, through its subsidiary, Aradel Energy Limited, has signed a sale and purchase agreement to acquire the 100% interest in the Olo and Olo West […]

Oil retreats as demand concerns offset Libya supply risks

*World oil outlook. London — Oil prices fell more than 1% on Wednesday on persistent concern over Chinese demand and elevated risks of a broader slowdown, though the decline was capped by potential supply losses […]

Nigerian economic expansion accelerates on higher oil production

*Ongoing revamp at one of Nigeria’s refineries. Newswire – Nigeria’s economy grew at a faster pace in the second quarter, helped by higher crude production that offset the impact of the naira’s devaluation on non-oil […]

OPITO collaborates with UK offshore oil and gas industry to increase helicopter safety

(WO) – OPITO has launched a new standard to ensure increased competency and safety around helideck activity, benefiting the global offshore workforce reliant on safe transfers to energy installations in an open sea environment. […]

Production shutdown from Libya’s El-Feel oil field to escalate financial crisis, UN warns

(Bloomberg) – Libyan oil production dropped as authorities in the OPEC member’s east enforced a shutdown, escalating a crisis the United Nations warned runs the risk of collapsing the economy. Production at the […]