Oil & gas news

Adrian Lara, Principal Analyst at Wood Mackenzie, comments on the election of Javier Milei as President of Argentina, and the impact this may have on the country’s oil upstream industry.

Saipem has been awarded two offshore contracts, one in Guyana and the other in Brazil, worth approximately US$1.9 billion.

The company will continue to provide operations, maintenance, modifications and offshore services on the Mariner A platform and Mariner B floating storage unit.

By implementing the company’s CwD services, Hunt Oil reduced the number of runs required, with a saving on time and cost.

Suncor Energy has announced that the Terra Nova floating, production, storage and offloading vessel has safely restarted following the completion of the Terra Nova asset life extension project.

Around 45 new full-time jobs, in various disciplines, will be created at the site.

XCMG Machinery's electric workover rig has recently completed the cleaning of 10 oil pipelines in an oilfield in Northern China, which has reduced 25.812 t of carbon emissions for the oil exploitation project.

The President of the Republic of Côte d’Ivoire Alassane Ouattara, and Eni CEO Claudio Descalzi met in Abidjan to celebrate production start-up from the Baleine field, situated off the eastern coast of Côte d’Ivoire, and to review Eni's activities in the country.

The volume of CO2 being injected into the North Sea by 2050 will be equivalent to the natural gas currently being extracted from the basin, according to a new report from global energy consultancy Xodus.

Serica Energy has announced the execution of agreements for the acquisition of 30% non-operated interests in the P2498 and P2170 licences (together the Greater Buchan Area (GBA) from Jersey Oil & Gas (JOG).