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The ship that carried about 1 million barrels of crude oil sustained a blast on June 27, a spokesperson for operator TMS Tankers told Reuters on Monday. The tanker had left the Libyan port of Zuetina and was en route to Gibraltar when an explosion occurred in the engine room.
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KBR has announced the renewal of its engineering, procurement, and construction management (EPCM) contract with Basra Oil Company (BOC) for the Majnoon oil field in Iraq, extending the agreement for another two years. By John Lee.
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With effective policies we can create favourable conditions that incentivise flaring reduction projects and lead to sustainable, scalable action. We should turn this wasted gas into an engine for economic development.” “Governments and operators must make flaring reduction a priority, or this practice will persist. The solutions exist.
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This trend reflects a cautious industry response to sustained price volatility, investor pressure, and a strategic pivot toward natural gas. With the total active rig count falling to 539—down 8 from the previous week and 46 below year-ago levels—states like Oklahoma are beginning to mirror the broader contraction.
Independent benchmarking will be provided by MPR Associates , recognized experts in nuclear engineering and enrichment systems, to compare performance against leading enrichment technologies. Presently, there is no sustained domestic production capable of meeting this demand. Reliance on foreign sources poses U.S.
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Wood gained extensive knowledge of Habshan delivering the front-end engineering design and we will deliver the EPCM phase while the facilities remain fully operational in order to sustain critical gas supply.” We’re proud to be at the heart of such a significant initiative.
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Oil & Gas Drilling Engineer Directory – $25 Buy List Now Includes: Company, Contact Name, Title, Location, email… 1. Delaware Basin Remains the Growth Engine Matador’s core Delaware Basin acreage continues to deliver. The company maintains the flexibility to scale back up if market conditions improve.
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Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas, MOL Form CO2 Transport JV by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 4:35 AM EST The partners already completed the front-end engineering design for a 62,000-cubic-meter LCO2 transport vessel.
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billion offshore energy project where $250 million in engineering cuts (effectively a reduction in project scope) would keep the project viable even under relatively extreme low pricing scenarios. Sound projects are ones that can become more resilient and valuable with relatively minor changesâsuch as the $1.5
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