Drilling & production

Baker Hughes said the companies will develop new AI-powered processes and workflows to achieve further optimisation in oil and gas production.

The Chinese state company also recently discovered one of the world’s first large ultra-shallow gas fields in ultra-deep water.

Shelf Drilling Ltd has announced new contracts for two jack-up rigs in Nigeria.

Levels rose by almost 11 million bbl over the last few days, far higher than the previous week.

The oilfield is expected to reach a peak production of approximately 18 800 bpd of crude oil in 2025.

The North African nation has struggled with political instability since the ousting of Muammar Gaddafi in 2011.

The US oil giant has closed its Blind Faith platform and evacuated staff as the category five storm approaches.

Petrobras has reported that the Total Utilization Factor (FUT) of its refineries reached 96.8% in September, representing the highest monthly result in 2024.

TechnipFMC has been awarded an integrated Engineering, Procurement, Construction, and Installation contract by bp for its greenfield Kaskida development in the Gulf of Mexico.

Chevron Canada Ltd has announced that it and a related entity have agreed to sell their interests in the Athabasca Oil Sands Project and the Duvernay shale to Canadian Natural Resources Ltd.

Mermaid Subsea Services UK has completed the first stage of a major North Sea decommissioning contract for Shell UK Ltd.

Italian multinational energy company Eni has announced the completion of the combination of substantially all its upstream assets in the UK with Ithaca Energy.

The MoU includes the extension of the Motihari – Amlekhgunj Petroleum Pipeline to Chitwan and the construction of new oil storage terminals and a transnational pipeline, says GlobalData.

GlobalData: Gulf of Mexico's oil and gas operations recover as Hurricane Helene moves north.

MHI Compressor International Corporation successfully delivers CO2 product compressor package for ExxonMobil’s carbon capture project in Wyoming.