Libya's Mabruk oilfield resumes production after ten years
The country has experienced fluctuating oil production due to internal strife since the fall of Muammar Gaddafi in 2011.
The latest upstream news
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This spotlight session reviews and discusses Nanoprecise’s recent article for Oilfield Technology, entitled ‘Powering Oil and Gas Operations with AI’
Salunda launches wireless latch monitoring for red zone safety on drilling rigs
Salunda has announced it has launched the Latch Hawk 2 fingerboard latch monitoring device, with the aim of preventing dropped objects and improving safety during pipe handling on offshore drilling rigs.
Whitecap Resources and Veren to combine in a CAN$15 billion transaction for Canadian light oil and condensate production
The combined company will be the largest Alberta Montney and Duvernay landholder, a prominent light oil producer in Saskatchewan and will leverage the combined asset base and technical expertise to drive improved profitability and superior returns to shareholders.
Murphy Oil Corporation announces strategic acquisition of FPSO vessel in Gulf of Mexico
Murphy Oil Corporation has announced that a subsidiary has signed a Purchase and Sale Agreement to acquire an FPSO vessel from BW Offshore.
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AIQ announces US$340 million contract for large-scale deployment of agentic AI across ADNOC operations
The three-year contract will see AI solutions rolled out across ADNOC’s upstream operations.
EIA updates forecast for 2025 US natural gas prices, expects oil prices to decrease later in the year
The US Energy Information Administration (EIA) revised its forecast for 2025 average US benchmark Henry Hub natural gas spot prices upward following a cold end to February.
Westwood: Deferred well plug and abandonment could add US$5.5 billion to UK decommissioning bill
Latest analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals the extent of financial and logistical hurdles for North Sea decommissioning.
Powering the future of carbon capture: the role of synchronous motors
Adnan Ashraf, Global Industry Manager, ABB Large Motors and Generators, describes how medium-voltage synchronous motors help ensure the success of global CCUS deployment and implementation.
FPT provides Artificial Intelligence to Indonesia’s largest oil company, Pertamina
Global IT corporation FPT recently entered a partnership agreement with Indonesia’s state-owned oil and natural gas corporation, Pertamina, to drive AI-powered innovation in the energy sector.
Centrium Energy Solutions launches with aim of bridging service gaps in oilfield chemical distribution
Centrium Energy Solutions, an oil and gas chemical supplier, has announced it has developed a domestic distribution model that solves critical challenges in sourcing, logistics and performance.