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Oil & Gas
OPEC
OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period
Oil & Gas Trade
15-11-2024
Elemental Energies And Archer Announce Global P&A Well Engineering Joint Venture
Elemental Energies and Archer have announced a joint venture (JV) agreement delivering integrated plugging and abandonment (P&A) services to global decommissioning projects. This commitment formalizes the long-term partnership between Archer and Eleme
Natural Gas
15-11-2024
Enermech Wins Major Contract For North Sea Operator’s Offshore Installations
EnerMech has won a multi-million-pound contract to become the preferred provider of Flexible Hose Assembly (FHA) and Small Bore Tubing (SMT) management services for a major E&P organization’s U.K. assets.The minimum five-year agreement focus
Natural Gas
15-11-2024
Technip, SBM Awarded Major Contracts For TotalEnergies’ Granmorgu FPSO, Offshore Suriname
SBM Offshore, Technip Energies and TechnipFMC all announced today the securement of major contracts for the GranMorgu field development project located in Block 58 in Suriname, operated by TotalEnergies.Under these contracts, SBM Offshore will, in partner
Natural Gas
15-11-2024
SBM Offshore Awarded Contracts For The GranMorgu Field Development
SBM Offshore announces that it has been awarded contracts for the GranMorgu field development project located in Block 58 in Suriname by the Operator, TotalEnergies EP Suriname B.V., an affiliate of TotalEnergies.Under these contracts, SBM Offshore will,
Natural Gas
15-11-2024
ADNOC Gas Signs 10-year LNG Sales And Purchase Agreement With India’s Gail
ADNOC Gas has signed a 10-year Sales and Purchase Agreement (SPA) with GAIL India Limited, India's largest natural gas company, to supply up to 0.52 million metric tons per annum (mmtpa) of liquefied natural gas (LNG), starting in 2026. The SPA co
Oil & Gas Trade
15-11-2024
Caterpillar Oil & Gas Announces New CCV System To Reduce Engine Methane Emissions Up To 20%
Caterpillar Oil & Gas has announced the launch of the Cat® Closed Crank Ventilation (CCV) System, a technology designed to eliminate the venting of crankcase gases, commonly referred to as blow-by emissions, from internal combustion engines. T
Oil & Gas Trade
14-11-2024
Int'l Petroleum Expo Concludes In Abu Dhabi With Record-breaking Attendance
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2024 concluded here on Thursday with record-breaking attendance and multi-million-dollar deals announced.Attendance increased by more than 20,000 from last year, with over 205,000 pa
Oil & Gas Trade
14-11-2024
Golar, BP Advancing Commissioning Of FLNG Gimi For Gta Gas Project
Golar LNGhas reached an agreement withbp, operator of the Greater Tortue Ahmeyim (GTA) development offshore Mauritania and Senegal, and partnerKosmos Energy, on using an LNG cargo to advance commissioning of theGimiFLNG vessel.Last month the LNG carrier B
Oil & Gas Technology
14-11-2024
CRC Evans Wins Welding Services Contract From COOEC
CRC Evans says that it has signed a contract with Offshore Oil Engineering Co., Ltd. (COOEC) to deliver welding services for the Ruya Batch 1 Project, part of the expansion of the Al-Shaheen field, Qatar’s largest offshore oil field.The formal s
Oil & Gas Trade
14-11-2024
Shell Wins Appeal in Dutch Climate Suit
The Hague Court of Appeal on Tuesday agreed with Shell PLC that the company could not be legally forced to set a specific emissions target, overturning a 2021 ruling by a lower Dutch court.However, the appellate court said fossil fuel consumption is large
Oil Price
14-11-2024
Oil Settles on Moderate Gains Amid Mixed Middle East Signals
Oil edged higher after swinging between gains and losses for much of the session as traders weighed mixed signals about the risks to flows from the Middle East against the prospect of an impending supply glut.West Texas Intermediate added 0.5% to settle a
Crude Oil
14-11-2024
Oil & Gas Decarbonization Charter Publishes Baseline Report To Track Progress On Emissions Reductions
The Oil & Gas Decarbonization Charter (OGDC) has published its Baseline Report, setting a foundation to help prioritize and track progress on emissions reductions made by the 54 oil and gas companies — representing almost 45% of the global oil product
Oil&Gas Drilling
14-11-2024
Nostra Terra Gives Update On Its Texas Oil And Gas Production, Operations
Company oil production is currently averaging 120 bopd net, up significantly due to the contribution from the first phase of the planned workover program at Pine Mills in which NTOG has a 100% working interest (WI). Five previously shut-in wells have been
Oil & Gas Trade
14-11-2024
Deepocean And Exceed Partner For Vessel-based P&A
Ocean services provider DeepOcean and well management and reservoir specialist EXCEED have entered into a collaboration agreement to supply vessel-based well plug and abandonment (P&A) services to the global decommissioning market.The two companies co
Oil & Gas Trade
14-11-2024
Coterra To Buy Permian Shale Assets In $4 Billion Deal
Texas oil and natural gas producer Coterra Energy Inc. has reached agreements with two closely-held companies to buy assets in the Permian Basin for $3.95 billion.Coterra will pay for the assets from Franklin Mountain Energy and Avant Natural Resources wi
Natural Gas
14-11-2024
Republic Of Congo Aims To Accelerate Oil, Gas, Sustainable Projects
The Republic of Congo (RoC) is preparing to launch a Gas Master Plan and new Gas Code, all while enticing investment in crude exploration and production. Speaking during a press conference at African Energy Week 2024, Bruno Jean-Richard Itoua, the country
Oil & Gas Trade
14-11-2024
Ineos-led Project Greensand And Royal Wagenborg Sign Agreement On Co2 Carrier
Today, in the presence of HM King Willem-Alexander of the Netherlands and HM King Frederik of Denmark INEOS and Royal Wagenborg have signed a landmark agreement on the delivery of CO2 transportation.This multi-year agreement, a significant step towards ad
Oil & Gas Trade
13-11-2024
Hilcorp Bags $1b Permian Deal
This move aligns with Exxon’s aggressive shift toward higher-margin shale plays following its recent $60 billion acquisition of Pioneer Natural Resources. Exxon expects the deal to close in early 2025.The move exemplifies Exxon’s strat
Oil & Gas Trade
13-11-2024
Exxon, Eni Award EPC, FEED Contracts To Revive Mozambique’s LNG Ambitions
While liquefied natural gas (LNG) projects in Mozambique seem to have stalled since TotalEnergies declared force majeure in April 2021 on its $20-billion Mozambique LNG development over terrorist threats, indications are that East Africa is back on track
Oil & Gas Trade
13-11-2024
QatarEnergy to Acquire 23 Percent Stake in Block Offshore Egypt
Chevron Corp. has agreed to sell a 23 percent interest in the North El-Dabaa (H4) Block on the Egyptian side of the Mediterranean Sea to QatarEnergy.This agreement demonstrates our commitment to the oil and gas sector in the Arab Republic of Egypt, and fu
Oil&Gas Drilling
13-11-2024
North America Loses More Rigs
North America dropped six rigs week on week, according to Baker Hughes’ latest rotary rig count, which was released on November 8.Although the total U.S. rig count remained unchanged week on week, the total Canada rig count dropped by six in the
Oil & Gas Trade
13-11-2024
Devon Raises 2024 Projected Production
United States producer Devon Energy Corp. has bumped up its output guidance for 2024 to between 811,000 and 830,000 barrels of oil equivalent a day (boed), supported by newly acquired assets in the Williston Basin.This fourth-quarter volume growth will be
Power Construction
13-11-2024
Duke Energy Misses Expectations As Storms Hit Earnings
Power and gas utility Duke Energy Corp. has reported $1.24 billion in adjusted net income for the third quarter, down from $1.49 billion for the same three-month period last year partly due to hurricane costs that it expects will continue into the fourth
Oil & Gas Technology
13-11-2024
ADNOC Announces Launch Of Agentic AI Solution
In a release sent to Rigzone by the ADNOC team recently, ADNOC announced the launch of ENERGYai, which it describes as the world’s first of its kind custom built agentic artificial intelligence solution for the global energy transformation.ADNOC
Oil Price
13-11-2024
Oil Prices Rangebound Amid Weak Demand Outlook
Oil held near November lows, settling near $68 a barrel, as increasingly bearish fundamentals capped the session’s gain.In the physical market, a key supply gauge suggests a glut is coming sooner than expected, while timespreads in the futures m
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IEA to Expedite 2025 Oil Demand Forecast, OPEC Also Moves Early
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