Industry News

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 maintaining stable liquids production from its upstream business. Shell is the operator of Ursa Tension-Leg Platform and holds a 61.3484% working interest ownership in the asset with BP Exploration & Production (22.6916% WI) and ECP GOM III (15.96%).（2025-05-01）

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 three in the Niobrara B. Completions are set to begin in May, using Prairie’s tailored design optimized through multivariate and geo-mechanical analysis. Production is on track to commence by summer. The broader Opal Coalbank project offers significant future upside as Prairie evaluates additional developments across

Enaimco, a Canadian technology company delivering digital solutions for subsea operations, signed a SaaS license agreement with Trident Energy to provide Enaimco’s Operational Twin for their subsea assets in Equatorial Guinea.“Trident Energy has been searching for digital solutions available in the global market for turning their offshore operations into more data-driven engineering and seamless work processes ultimately optimize production,” said Simon Lorelli, Subsea Manager, Trident Energy. “We decided to go with Enaimco’s digital twin due to their advanced features and functionalities combined with a user friendly and intuitive user interface.”Enaimco’s Product Manager Josh Allen added: “Trident Energy is focused on

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 Rift Basin by adding 5.2 million acres in Angola to the existing 6.3 million acres in Namibia in the highly prospective Damara Fold Belt and Rift Basin exploration plays.“The encouraging technical results from our recent Naingopo exploration well on PEL 73 onshore Namibia have strengthened

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 120 mi off the coast of Louisiana in 4,092 ft of water. The well was drilled to a total depth of 23,830 ft. The Far South co-owners are BP (operator, 57.5%) and Chevron (42.5%).BP expects to grow its global upstream production to 2.3 – 2.5

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 1 (2025), followed by up to four optional wells in Phase 2 (2026-2028).The harsh weather semi-submersible drilling rig is contracted for a minimum 16-well drilling campaign by through a consortium of four operators, and will commence its OEDP Phase 1 drilling campaign in Q3 2025.The

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 CsTeC team, adhering to the operation philosophy of “serving customers” and “putting customer interests first”, integrating the top-quality resources in the industry and incorporating the latest technological elements. Its design fully considers the cartridge packaging characteristics of high-viscosity grease and the application and operation requirements

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 features high switching efficiency, convenient disassembly and assembly, strong adaptability, stable performance, and long service life. The CsTeC-DDV series of fast and high-precision air valve products were independently developed by the CsTeC research team over a period of 2 months based on market demand, integrating