Oil & gas news

Validere will validate and organise operational and emissions data into a consolidated platform that PureWest can utilise across multiple emission reduction initiatives.

This sale completion transfers control of SPEX from Shell to Prime Infra effective November 1, 2022. SPEX staff will continue their employment under the new ownership.

The company has announced an oil discovery by the Pedunculo well, located in the north-west of the Sépia oil field, approximately 250 km off the coast of Rio de Janeiro, Brazil.

The company has reported third quarter 2022 revenues of US$1.89 billion, an increase of 9% compared to the second quarter of 2022 and an increase of 41% compared to the third quarter of 2021.

Eni has been working with the ‘Ionic Liquids Group’ at the University of Pisa for several years to develop innovative solutions in areas including the extraction of bio-oil from algal mass, the treatment of sulphur, and advanced algorithms for subsurface analysis.

Rough is operating at around 20% of its previous capacity this winter, immediately making it the UK’s largest gas storage site once again and adding 50% to the UK’s gas storage volume.

Third quarter production grew to approximately 360 000 bpd with 1 million bpd targeted by 2030.

The company has reported robust performance in a turbulent economic environment with lower crude prices and higher gas prices compared with Q2 2022.

The companies aim to provide valuable real-time data about machine oil quality in order to improve machine performance in the field.

Each custom-designed pump is powered by an electric drive motor to create an environmentally sustainable frac unit.