Industry News

Liquid-O-Ring 757 Lift Boat Gear Lube is a black, extreme pressure grease with excellent water resistant properties. It offers excellent adhesive and cohesive properties. Liquid-O-Ring 757 Lift Boat Gear Lubehas a very tacky texture yet remains very smooth and buttery. Manufactured with graphite and molybdenum disulfide (moly), Liquid-O-Ring 757 Lift Boat Gear Lube forms a […]

Touchstone Exploration acquired 100% of the share capital of Shell Trinidad Central Block Limited on 15 May 2025 for approximately $28.4 million, subject to final closing adjustments.STCBL holds a 65% participating interest in the onshore Central Block exploration and production license in Trinidad, which includes four producing natural gas wells and a gas processing facility.

BKV Corporation and Comstock Resources announced an exclusive, non-binding agreement for BKV to develop carbon capture, utilization and sequestration (CCUS) projects at two of Comstock’s natural gas processing facilities in its Western Haynesville operating area.As part of the agreement, the companies plan to develop CCUS injection wells to permanently sequester carbon dioxide waste produced at

Shell completed the previously announced agreement to increase their stake in the Ursa platform in the US Gulf of Mexico from 45.3884% to 61.3484%. This acquisition is part of Shell’s strategy to invest in profitable and carbon-competitive oil and gas projects with a strong integrated value chain.Deepening Shell’s interest in existing assets also contributes to

Prairie Operating Co. is beginning completions of the Opal Coalbank project, which spans two distinct DSUs and is currently in partial development, leveraging nine drilled but uncompleted (DUC) wells acquired from Bayswater.This phase of the project is focused on unlocking immediate cash flow through the completion of the existing DUCs—targeting six in the Codell and

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

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

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

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