Latest Headlines
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Staatsolie Signs Offshore Production Sharing Contracts With PetroChina
9/13/2024
Staatsolie Maatschappij Suriname N.V. (Staatsolie) and PetroChina Investment Suriname B.V. (PetroChina), a subsidiary of China National Petroleum Corporation, signed production sharing contracts for offshore blocks 14 and 15 on Friday 13 September 2024.
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IPAA Applauds Passage Of Oil, Natural Gas 'Royalty Resiliency Act' Addressing Outdated Federal Lands Reporting Processes
9/12/2024
The Independent Petroleum Association of America (IPAA) – advocating for thousands of oil and natural gas producers that develop 90 percent of wells nationwide – issued the following statement on the passage of H.R. 7377, the “Royalty Resiliency Act” yesterday in the U.S. Senate.
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Structural Twin Unlocks 35% OPEX Reduction As Akselos Launches Structural Performance Management For FPSOs
9/12/2024
Akselos, a global leader in Structural Performance Management (SPM), launches its cutting-edge SPM for FPSO 4.0 software. The revolutionary software enhances asset performance, ensures uninterrupted operations and extends asset life of FPSOs.
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Industry Appeals Gulf Of Mexico Court Ruling, Warns Of Significant Consequences For American Energy Security
9/12/2024
The American Petroleum Institute (API), EnerGeo Alliance, the National Ocean Industries Association (NOIA), and Chevron U.S.A. Inc. today released the following joint statement after filing an appeal of the U.S. District Court for the District of Maryland’s decision to vacate the National Marine Fisheries Services’ (NMFS) Biological Opinion in the Gulf of Mexico.
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Reducing Emissions From The Troll Field
9/11/2024
On Saturday, 7 September, Troll B and C became partly powered from shore. This reduces annual emissions from the Norwegian continental shelf (NCS) by 250,000 tonnes of CO2.
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Diamondback Energy, Inc. Closes Merger With Endeavor Energy Resources, L.P
9/10/2024
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it has closed its merger with Endeavor Energy Resources, L.P. (“Endeavor”).
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Transocean Ltd. Announces $232M Ultra-Deepwater Drillship Contract
9/10/2024
Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 365-day contract for the Deepwater Atlas with bp in the U.S. Gulf of Mexico.
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Aquaterra Energy Launches Legacy Well Re-Entry And Re-Abandonment Services To Enable Offshore CCS And Hydrogen Storage Projects
9/10/2024
Aquaterra Energy, a leader in offshore engineering solutions, today announces the launch of its legacy well re-entry and re-abandonment services along with its new patent-pending Recoverable Abandonment Frame (RAF).
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CNOOC Limited Announces Another Major Breakthrough In Ultra-Deepwater Natural Gas Exploration
9/10/2024
CNOOC Limited announced that it has drilled a natural gas well in the ultra-deepwater Liwan 4-1 structure in the Pearl River Mouth Basin.
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ADNOC Signs Heads Of Agreement With IndianOil For Ruwais LNG Project
9/10/2024
ADNOC announced today the signing of a long-term Heads of Agreement (LNG agreement) with Indian Oil Corporation Ltd (IndianOil), India’s largest integrated and diversified energy company, for the delivery of 1 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG).