Crude burn – the direct use of crude oil in power plants and industrial facilities, primarily for electricity generation – has long been a staple in Saudi Arabia’s energy mix.
Crescent Energy Company has announced the closing of the sale of non-operated Permian Basin assets to a private buyer for US$83 million in cash, subject to customary post-closing purchase price adjustments. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 thousand boe/d (~35% oil).
TotalEnergies has announced the start of production from the deepwater Ballymore field offshore US, in which the Company has a 40% interest alongside operator Chevron (60%).
Long-term contracting model consistently delivers sustainable value for shareholders, with fleet and energy services expansion driving growth.
CSA Ocean Sciences Inc. (CSA) has completed a consultancy project for Chevron Mediterranean Limited (CML).
Malaysia emerges as a key site for marine and engineering bidding with the deployment of 39 different projects over the next three years.
SPIE awarded general maintenance contract with Sonangol Exploração & Produção for the Block 3/05 oil complex.
Award to supply Oil Country Tubular Goods (OCTG) to Sonatrach.
Three year cranes and lifting services contract for the Anasuria floating production storage and offloading (FPSO) vessel.
Miros announces a significant update to its Oil Spill Detection (OSD) system.
Zenith reports the successful delivery of the Wolin East 1 (WE 1) well for client Central European Petroleum (CEP) offshore Poland.
The US Energy Information Administration (EIA) expects recent developments in global trade policy and oil production to contribute to lower global demand growth for petroleum products through 2026.
Dover brings an estimated peak production of 20 000 boe/d.
Borr Drilling Ltd has announced new contract commitments for three of its premium jack-up rigs and additional fleet updates.
Rystad Energy predicts significant risks to US operators who could be forced to bring down their pace of production growth.