Oil & gas news

Interocean Marine Services (Interocean), has announced it will receive ABS and DNV approval for ultrasonic thickness measurements by use of drones on mobile offshore units.

The company also plans to invest around US$2.5 billion/y to enhance oil production by 50 000 bpd over the next few years.

In June, Russia promised to meet its OPEC+ oil production targets after pumping too much oil in May.

As of 8:00 a.m. eastern time on 26 September, Hurricane Helene was expected to make landfall as a Category 3 hurricane on the eastern part of the Florida Panhandle late Thursday 26 September with sustained winds of 115 mph, creating the potential for significant disruptions to energy infrastructure.

It was reported earlier this week that several US oil companies were working to evacuate their staff from oil production platforms.

US crude oil inventories fell by more than expected in late September, dropping by 4.34 million bbl, reported the American Petroleum Institute (API).

The company emerged victorious over competing bids from industry giants bp and EOG Resources.

Saudi Arabia is preparing to increase its oil output to regain its market share, with abandoning its required oil price part of the plan.

Multiple energy companies, both domestic and international, have submitted bids for the ninth round of India's Open Acreage Licensing Policy (OALP-9), as confirmed by the Directorate General of Hydrocarbons (DGH), the country's upstream regulator.

Reuters has reported that the US Federal Trade Commission is expected to greenlight US oil producer Chevron's purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil's challenge to the US$53 billion deal as its final hurdle.