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Drillers added two oil rigs in the week to May 26, bringing the total count up to 722, the most since April 2015, energy services firm Baker Hughes Inc. said on May 26.
As part of the agreement, GE will supply subsea trees, a full control system, three manifolds, flexible jumpers, flowlines, risers and umbilicals. The company will also provide subsea construction and installation services, and support commissioning.
Long Range 3-D will comprise about 9,100 sq km of 3-D GeoStreamer data in the Eastern Newfoundland region, a news release said.
French oil major Total still plans to conclude the Iran South Pars gas deal before summer, CEO Patrick Pouyanne told journalists on the sidelines of the company’s annual general meeting.
As part of the contract, Oceaneering will provide two ROV systems onboard a multifunction platform support vessel. The scope of work contemplates subsea construction, inspection, maintenance, and repair services on existing and future infrastructure, the release said.
Twin Eagle Sand Logistics announced on May 24 plans to further expand the Permian Rail Park to meet the strong demand of the Midland Basin.
The PIB, which has been discussed for over a decade following several redrafts, is central to President Muhammadu Buhari’s reform plans because oil sales provide 70% of government revenue in Africa's biggest economy.
Hess Corp. has signed a non-exclusive 10-year global agreement with Wood Group to provide engineering, project management, construction, commissioning, operations and maintenance, integrity management, subsea and decommissioning services, a news release said.
The SFO launched a criminal investigation into Unaoil, its officers, employees and agents in July 2016 in connection with suspected bribery, corruption and money laundering.
The FY 2018 budget supports oil spill research and Trump's 'America First Energy' and includes $112 million in current appropriations and $92.9 million in revenue from rental receipts, cost recoveries and inspection fees.
OPEC decided it would extend cuts in oil output by nine months to March 2018 on May 25, an OPEC delegate said according to a Reuters report.
The proposed cut, first announced in April, is the latest in a series over the past two years following earthquakes causing major damage to properties in the northernmost region of the Netherlands.