Month: March 2022

Saudi Arabia told OPEC it increased crude production by more than 1 MMbpd in July to 8.2 MMbpd, although output remains below pre-conflict levels as key Middle East export routes face continued disruption.

Petroseismic is conducting a large-scale, high-density land seismic survey for Chilean national energy company ENAP using Sercel seismic acquisition technologies and specialized survey services.

Baker Hughes has secured a multi-year contract with Kuwait Oil Company to develop and deploy AI, digital and production technologies through KOC’s Ahmadi Innovation Valley upstream innovation program.

Techouse has completed testing of a compact once-through steam generator designed for offshore oil and gas installations, advancing technology that could enable combined-cycle power systems to reduce fuel consumption and CO₂ emissions by up to 25%.

Emerson has launched PACEdge 3.0, adding AI, machine learning and advanced analytics capabilities to its industrial edge software platform to help oil and gas and other industrial operators deploy and manage IIoT applications.

Kosmos Energy has awarded Subsea Cable Assets its first contract to supply a 1,000-ton umbilical storage carousel for a subsea support project in Mobile, Alabama, with delivery scheduled for late 2026.

ADNOC Gas has approved the next phases of its Rich Gas Development project, awarding $8.2 billion in EPC contracts as it raises its long-term growth target and expands natural gas processing capacity.

Baker Hughes has secured a subsea production systems contract for Indonesia’s Kutei Northern Hub, supporting development of the Geng North and Gehem gas fields as the project advances the country’s LNG growth strategy.

Iran has ruled out direct negotiations with the United States for now, delaying prospects for a Strait of Hormuz shipping agreement as oil markets continue to monitor disruptions to global energy supplies and regional security.

ExxonMobil has awarded McDermott a letter of intent for engineering and procurement services on Mozambique’s Rovuma LNG Phase 1 project as Area 4 partners advance toward a final investment decision expected in 2026.