Month: April 2023

Flowco has acquired Lifting Solutions for approximately $113 million, expanding its artificial lift portfolio with continuous rod and progressing cavity pump technologies.

EnerMech has secured a five-year extension of its inspection and asset integrity contract with Chevron Australia, continuing its services through 2031.

Seismos has opened a full-scale acoustic research center in Texas to advance closed-loop well stimulation, combining real-time sensing, AI and a 2,349-ft flow loop to improve completion performance.

OLI and specialists from major operators including bp, Chevron, ExxonMobil and Shell have developed a common technical framework for assessing and managing mineral scale risk across upstream operations.

Canada, Alberta and five major oil sands producers are advancing a framework that links future production growth and export capacity with the Pathways CCS project and additional emissions reductions.

Tullow Oil has lost a $196.5 million tax arbitration over its Ghana operations, sending shares down about 50% and adding pressure on a company increasingly reliant on its core Ghana assets.

Monumental Energy has identified two gas-condensate prospects in New Zealand’s Taranaki basin, including the 200-PJ Mauku NE target, as it awaits a decision on its application for PEP 61554.

Canadian oil sands production is expected to reach a record 3.5 MMbpd in 2026 and climb to 3.9 MMbpd by the early 2030s, with S&P Global seeing further upside if new construction returns.

SLB OneSubsea has won a contract from ExxonMobil Moçambique to supply subsea trees, manifolds, umbilicals and control systems for the first phase of the deepwater Rovuma LNG project offshore Mozambique.

Unity has launched an ultra-compact, 10,000-psi BOP valve measuring one-third the width of conventional systems, designed to expand well intervention options in space-constrained offshore environments.