Rystad Energy shares oil market update
As the US reimposes Venezuela oil sanctions, the door opens for special licenses. Rystad Energy’s Senior Vice President, Jorge León, provides an oil market update.
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Petrobras and bp sign memorandum of intent for business and research
Petrobras and bp signed a memorandum of understanding (MoU) with the purpose of promoting discussions and collaboration between the companies.
Petrofac supporting National Oil Company of Equatorial Guinea
Petrofac, has been awarded a technical services contract by Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the National Oil Company of Equatorial Guinea, to support the operation of the region’s Block B asset.
Brasse, now Bestla, to tie up with Brage as partners approve field development
DNO has announced that a final investment decision has been made for the development of the Brasse field, to be renamed Bestla, based on a tie-back to the nearby production facilities of the Brage field.
Deltic Energy announce completion of Selene farm-out to Dana Petroleum
Deltic Energy has announced that it has received the required regulatory and partner consents in respect of the farm-out of a 25% interest in Licence P2437, containing the Selene Prospect, to Dana Petroleum. The farm-out has therefore completed.
SLB announces agreement to acquire ChampionX in an all-stock transaction
SLB and ChampionX Corporation has announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction. The agreement was unanimously approved by the ChampionX board of directors.
Seatrium announce series of major contracts
Seatrium has announced that it has secured a series of major contracts with an aggregate value of US$350 million, to be completed by end of 2025.
APA Corporation completes acquisition of Callon Petroleum Company
APA Corporation has announced that its acquisition of Callon Petroleum Company has been completed.
Well-Safe Solutions appoints first-ever Chief Financial Officer to fuel continued growth
Well-Safe Solutions has appointed its first-ever Chief Financial Officer as it continues to deliver its strategic growth plans throughout Asia-Pacific and Europe.
Oceaneering and GDi to collaborate on digital asset management solutions
Oceaneering International has announced that its integrity management and digital solutions (IMDS) group has signed a strategic collaboration agreement with Global Design Innovation, Ltd. (GDi) to deliver innovative digital asset management solutions for asset-intensive industries such as oil and gas, utilities, and power generation.
Dril-Quip and Innovex to combine creating unique energy industrial platform
Dril-Quip and Innovex Downhole Solutions has announced a definitive agreement under which Dril-Quip and Innovex will merge in an all-stock transaction to create a unique energy industrial platform.
Talos Energy increases 2024 operational and financial guidance following early closing of QuarterNorth acquisition
Talos Energy has provided an updated 2024 operational and financial guidance to reflect the closing of the QuarterNorth Energy acquisition earlier than expected. Prior guidance was based on an end 1Q24 close.
United States produces more crude oil than any country
The United States produced more crude oil than any nation at any time, according to the International Energy Statistics, for the past six years in a row.
Aramco renews general engineering services plus contract with Worley
Aramco has awarded Worley a general engineering services plus contract for an additional five years with potential for an extension of up to three) one-year increments.
BP awards Kent a five year global commissioning framework agreement
Under the agreement, Kent’s specialists will be fully integrated within BP’s commissioning and completions management team, ensuring a standardised approach across all projects and business units globally.