Oil and Gas

Island Drilling will be responsible for well plugging operations on the NCS, using the Island Innovator rig.

The project plans to transport up to 30 billion cubic meters of natural gas per year.

This contract includes ongoing technical support from specialized engineers working with both companies.

Once fully operational, the project will provide approximately 8 billion cubic meters of natural gas annually.

Upon purchase, Perenco will assume ownership and operation of the assets, becoming responsible for all restoration obligations.

Prices have increased by about 4 cents since last week, reaching a national average of $3.16 per gallon.

Petronor's new Preflash tower in Muskiz optimizes the distillation process, reducing energy consumption and CO2 emissions.

Petrobras advances its pre-salt exploration in the Campos Basin with the discovery of hydrocarbons in Brava Norte.

Following intensive cleanup and restoration work, the control and pumping system will be gradually resumed in the coming days.

The FPSO will feature a next-generation hull to meet its 25-year design life.