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…
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…
CCUS plan targets Net Zero goals in Western Australia
The Western Australian Government has released its carbon Capture, Utilisation and Storage (CCUS) Action Plan, highlighting the role of the technology in achieving Net Zero emissions. The Chamber of Minerals…
McDermott and Willis Sustainable Fuels advance Teesside’s SAF ambitions
McDermott has secured a master services agreement (MSA) from Willis Sustainable Fuels Limited (WSFL) to support the development of UK-based sustainable aviation fuel (SAF) facilities. Initially, the contract will focus…
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…
Oil price steadied by geopolitical risks and Chinese imports, analysts say
Crude oil futures remain steady, supported by geopolitical tensions and a rebound in Chinese crude imports, according to a Pepperstone analyst. The ongoing conflict in Ukraine continues to threaten supply…
Kuwait plans $30 billion, five-year spend strategy to boost oil production
(Bloomberg) – Kuwait Petroleum Corp. plans to spend about 10 billion dinars ($33 billion) over five years to ramp up oil production capacity, betting on robust demand for decades to…
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…
