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Latest news about Oil and gas Industries-14.08.25
On August 13, 2025 ExxonMobil signed a deal to explore for oil and gas off the coast of Trinidad and Tobago, marking its return to the region a decade after making the world’s largest oil discovery in nearby Guyana. The Texas-based company was awarded the 7,165-square-kilometer TTUD-1 block, located about 190 miles offshore, and will invest $42.5 million in the initial phase to acquire 3D seismic data. If successful, the project could escalate to over $20... Read More
Latest news about Oil and gas Industries-08.08.25
On August 06, 2025 ADNOC Gas reported record Q2 2025 results, with net income rising 16% YoY to $1.385 billion and EBITDA increasing 8% YoY to $2.256 billion. The strong performance was driven by robust demand in the local gas market and opportunistic LNG exports, showcasing resilience against oil price volatility. CEO Fatema Al Nuaimi highlighted improved operational efficiency and healthy cash flows, positioning the company for long-term growth. ... Read More
Latest news about Oil and gas Industries-31.07.25
On July 30, 2025 SLB has introduced theOnWave™ autonomous logging platform a groundbreaking technology designed to enhance the efficiency and reliability of formation evaluation measurements in any well condition. This cable-free system acquires high-fidelity downhole data without requiring a wireline unit or cable, reducing deployment time by over 50% compared to conventional methods. The platform allows for drill pipe rotation and mud circulation during... Read More
Latest news about Oil and gas Industries-25.07.25
On July 23, 2025 TotalEnergies commenced production from the BEGONIA and CLOV Phase 3 offshore projects in Angola, adding a combined 60,000 barrels per day (bpd). The BEGONIA development, located in Block 17/06, is Angola’s first inter-block project, featuring five subsea wells tied back to the PAZFLOR FPSO. Meanwhile, CLOV Phase 3 in Block 17 includes four subsea wells connected to the CLOV FPSO. Both projects leverage existing infrastructure, ensuring l... Read More
Latest news about Oil and gas Industries-30.05.25
On May 28, 2025 BW Offshore signed an agreement to acquire the FPSO Nganhurra, securing a high-quality production unit amid a tightening market for redeployable FPSOs. The transaction involves a limited upfront payment, with additional consideration dependent on the successful redeployment of the unit before June 2027. This acquisition aligns with BW Offshore’s strategy to deliver timely and competitive redeployment solutions, with the company anticipating eme... Read More