University of Oklahoma awarded $18.7M grant by DOE for subsurface carbon storage
A team of researchers from across the University of Oklahoma Mewbourne College of Earth and Energy, Los Alamos National Laboratory, with industry partners, have been awarded an $18.7M grant from…
ADNOC L&S takes delivery of first new-build LNG carrier from Jiangnan Shipyard ahead of schedule
ADNOC Logistics and Services announced it has taken delivery of ‘Al Shelila,’ the first of six newbuild liquified natural gas (LNG) carriers from Jiangnan Shipyard in China. The vessel has…
EMGS wins CSEM survey contract for offshore hydrocarbon detection in India
Subsea Exploration India November 22, 2024 Electromagnetic Geoservices (EMGS) announced they have signed a contract with an undisclosed client for a controlled source electro-magnetic (CSEM) survey in India. …
SBM Offshore completes $1.5 billion financing of Jaguar FPSO
SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion. The project financing was fully secured by a consortium of 16 international…
Occidental CEO warns U.S. at risk of shale plateau, losing energy independence
(Bloomberg) – Occidental Petroleum Corp. warned that U.S. energy independence is at risk of slipping away if shale output plateaus and begins to decline. “It’s going to start to…
Oil States debuts low-impact workover package at SPE ICoTA 30th well intervention conference
Oil States has introduced an industry-first Low Impact Workover Package (LIWP), announced this week at the SPE/ICoTA 30th European Well Intervention Conference in Aberdeen, Scotland. Oil States brings more…
ConocoPhillips completes $22.5 billion acquisition of Marathon Oil
ConocoPhillips today announced that it has completed its acquisition of Marathon Oil Corporation. “This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable…
Forum of oil and gas operators reports early success in tackling subsea challenges
An influential forum of oil and gas operators with a vested interest in subsea operations is tackling the challenges of ageing offshore infrastructure through cross-industry collaboration. Early reports, since…
MOL Group signs exploration agreement with Kazakhstani national oil company, KazMunayGas
MOL Group and Kazakhstani national oil company KazMunayGas (KMG) have signed today a cooperation agreement to jointly explore opportunities in the oil, gas and petrochemical sector. This agreement builds on…
Energy Maritime Associates expects $126 billion investment in new Floating Production Units
From 2025-2029, Energy Maritime Associates (EMA) expects orders for 119 Floating Production Systems, with a Capital cost of $126 Billion, in its mid-case forecast. Over 70% of this investment would…
