Industry News

ReconAfrica has entered into a Memorandum of Understanding (MoU) with the National Oil, Gas and Biofuels Agency (“ANPG”) for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. ANPG is Angola’s national concessionaire and regulator.The agreement complements ReconAfrica’s activities in Namibia and highlights the potential of the Damara Fold Belt and […]

BP announced an oil discovery at the Far South prospect in the deepwater US Gulf of Mexico. Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs. Preliminary data supports a potentially commercial volume of hydrocarbons.BP drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately

The Transocean Equinox has arrived in the Otway Basin ahead of the upcoming Otway Exploration Drilling Program, which aims to identify viable natural gas reserves to supply the East Coast market and support Australia’s current and future energy needs. The OEDP will be completed in two phases. Two firm wells have been contracted for Phase

The RwCsTeC series of high-viscosity grease treatment device is a specialized grease processing device developed by the CsTeC research team based on the product characteristics of high-viscosity grease and the usage requirements of related working conditions. This device is an upgraded and optimized version of the RoCsTeC series of specialized grease processing devices by the

The CsTeC-DDV series of fast and high-precision air valve products is a universal high-precision valve product suitable for the petroleum and natural gas industries as well as other industrial fields. It can be adapted to various gas pipelines, power equipment, and customized products, playing the role of quickly opening and closing the gas path. It

BP has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. The contract between North Oil Company (NOC), North Gas Company (NGC) and BP includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential

Baker Hughes has signed a multi-year integrated completions systems contract with Petrobras. The completions technologies, combined with conventional upper and lower completions solutions, will provide remote operations capabilities and multi-zone control, limiting water and gas breakthroughs and reducing the risk of any costly interventions.“Deepwater, high pressure wells require an unmatched level of reliability, and our

AIQ signed a $340 million contract with ADNOC to deploy ENERGYai and associated AI solutions across ADNOC’s upstream value chain. Over the three-year contract term, AIQ will complete the roll-out of ENERGYai to all ADNOC’s upstream assets, comprising more than 28 producing fields.ENERGYai combines large language model (LLM) technology with agentic AI, which is trained

BW Energy made a substantial oil discovery with good reservoir quality on the Bourdon prospect in the Dussafu license offshore Gabon.Evaluation of logging data and formation pressure measurements confirm approximately 34 m of pay in an overall hydrocarbon column of 45 m in the Gamba formation, making it the largest hydrocarbon column discovered to date

Vaalco Energy has farmed into the CI-705 block offshore Côte d’Ivoire. Vaalco will become operator of the block with a 70% working interest and a 100% paying interest though a commercial carry arrangement and is partnering with Ivory Coast Exploration Oil & Gas SAS and PETROCI.The CI-705 block is located in the prolific Tano basin

EON Resources has completed a “preliminary assessment” of the horizontal potential of the lower San Andres (Jackson and Slaughter) reservoirs in the Grayburg-Jackson Field that it operates in Eddy County, New Mexico.This preliminary assessment reveals possible recovery of an additional 20 million barrels of oil and 16 billion cu ft of natural gas in the

Esso Australia announced a nearly $200 million dollar investment in the Kipper 1B Project, which will bring online much-needed additional gas supply from the Gippsland Basin.The project, which was approved by Esso, Mitsui, and Woodside , will utilize the VALARIS 107 jackup rig to drill and install one subsea well into the Kipper field, and