Oil and Gas
Vår Energi approves Balder Next New Wells to promote offshore production
The development of seven new wells will allow for the expansion of reserves and support for future production in the Balder area.
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Oil and Gas
Longitude Introduces AI-Powered FPSO Mooring Monitoring
PLL system monitors tension, movement, and fatigue of FPSO moorings using AI and real-time data.
Oil and Gas
OPEC maintains forecast for global oil demand growth through 2050
OPEC maintains its growth forecasts for global oil consumption and rules out a demand peak before 2050.
Oil and Gas
Transocean secures offshore drilling contracts worth US$185 million
Transocean expands its order book with new offshore drilling contracts in Norway and Australia worth $185 million.
Oil and Gas
Oil Falls Following U.S.-Iran Ceasefire
The ceasefire agreement drives an oil price decline and improves global crude supply outlook.
Oil and Gas
Grain LNG will release 3 MMtpa of strategic capacity for Europe
Grain LNG is preparing to release 3 MMtpa of regasification capacity for 2029, a key infrastructure for natural gas supply in Europe.
Oil and Gas
Europe overcomes the Hormuz shock but increases dependence on US LNG.
Europe passed the Hormuz test with US LNG, but the crisis showed that its new security relies on a single key supplier.
Oil and Gas
QatarEnergy Prepares Partial LNG Return After Attacks, With 2 Trains Offline for Years
QatarEnergy could recover LNG production in Ras Laffan in approximately one month for undamaged facilities, but the repair of two trains damaged by Iranian…
Oil and Gas
PDVSA and Repsol Agree to Increase Production in Lake Maracaibo
Petroquiriquire Could Triple Its Production in Three Years with the New Repsol-PDVSA Agreement.
Oil and Gas
Canadian Oil Sands Gain Attractiveness Amid Rising Costs in the Permian Basin
Alberta oil sands improve their competitiveness through lower costs and strong heavy crude demand.
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