Rigzone Industry News

Pakistan is open to signing another long-term liquefied natural gas purchase agreement to make up for an expected shortfall in domestic fuel production.

Baker Hughes won a contract valued over $400 million to supply compression systems for Adnoc's Ruwais LNG project.

Adnoc takes a FID and awards the build contracts for a gas project expected to produce over 1.5 Bcfd at home.

Workers at Chevron's LNG facilities in Western Australia voted to resume a strike, accusing the energy giant of failing to honor government-recommended employment conditions.

Westwood reports that 'substantial' drilling activity will help elevate the production of crude, condensate, natural gas, and natural gas liquids to a 'high' of 173 million barrels of oil equivalent per day.

'Progress is tough and will require investment, collaborative effort, and detailed planning'.

The contract includes the construction of carbon capture units, pipeline infrastructure, and a network of wells for carbon dioxide injection at the Habshan gas processing plant.

The acquisition will add approximately 44,000 net acres in the Midland Basin to Civitas' portfolio.

GDP in the OPEC+ member is now seen shrinking 0.9 percent this year.

Hasselmus is expected to add 4,400 barrels of oil equivalent per day in production at its peak.