Rocky Teodoro

The four-in-one project includes the recovery of gas that is flared at three oil fields in southern Iraq to supply electric power plants.

LLOG Exploration Company, L.L.C. has advanced its Salamanca project in the Gulf of Mexico (GOM), which involves the conversion of a former GOM production facility into a floating production unit (FPU).

Canadian Natural said it is aiming to drill 361 net wells across its crude oil and liquids-rich natural gas assets.

Material management and logistics provider ASCO has secured a five-year contract worth $87.6 million (GBP 70 million) to provide base and logistics services to Aker BP ASA in Norway until 2030.

'The Petrosight system addresses the critical need for timely well data and perfectly complements our land management, field data capture, and accounting systems'.

Talos said it expects production in line with pre-drill estimates of approximately 15 to 20 thousand barrels of oil equivalent per day (MBoepd) gross.

A coalition of energy organizations said the ban 'undermines domestic energy production, job creation, and national security'.

With the acquisition, H&P said it expects to deliver near- and long-term growth and value creation by accelerating its international growth strategy by 'significantly increasing' its Middle East presence.

The capital investments will support 2025 annual average production in the range of 21,000 to 23,000 barrels of oil per day (bopd).

The financial details of the agreement were not disclosed.