Author: omc_admin

Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri on Tuesday said India is ready to “collaborate openly” to build an inclusive global energy future. Speaking at a conference on the India-Middle East-Europe Economic Corridor here, Puri said IMEC represents India’s role as a global energy bridge. “India is ready to lead responsibly, collaborate openly and build sustainably as we build an inclusive global energy future,” he added. He said the IMEC is not just a transport corridor, but the initiative attempts a “rekindling” of the Golden Road, which was the primary travel corridor of the ancient world. India…

Crbon Labs Inc. has completed the first plugging of an orphan gas well in Canada and is pleased to announce its collaboration with U.S. Venture, Inc. and its U.S. Energy® team who has acquired 100% of the corresponding High Fidelity Crbon™ credits from the project. U.S. Energy®, a U.S. Venture company, recently recognized by Quantum Commodity Intelligence (QCI) as one of the largest carbon market intermediaries by volume, will blend the credits into portfolios across a range of geographies and technologies to help organizations achieve their sustainability goals. Plugging wells like this one in Wainwright, Canada, immediately and…

Vista Energy has acquired Petronas’ 50% stake in the Vaca Muerta shale basin in a deal valued at $1.5 billion USD. Vista estimates that the area, known as La Amarga Chica (LACh) could potentially hold 400 new well locations to be drilled in its inventory (at 100% working interest). The remaining 50% of LACh is held by operator YPF S.A. The purchase price is comprised of US$ 900 million in cash, US$ 300 million in deferred cash payments and 7,297,507 American Depositary Shares. LACh spans across 46,594 acres in the black oil window of Vaca Muerta. As of…

APA Corporation and its partners Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, have completed successful flow testing of the Sockeye-2 exploratory well in Alaska’s North Slope. Apache holds a 50% working interest, operator Lagniappe and partner Santos each hold 25% working interests in the 325,411-acre exploratory block. As previously announced, the Sockeye-2 well was successfully drilled to a depth of approximately 10,500 feet and encountered a high-quality Paleocene-aged clastic reservoir with an average porosity of 20%. The vertical Sockeye-2 well was completed in a single 25-foot interval at approximately…

(WO) — MODEC has been awarded a contract by ExxonMobil Guyana Limited to develop a Floating Production, Storage, and Offloading (FPSO) vessel for the Hammerhead project offshore Guyana. The contract, issued as a Limited Notice to Proceed (LNTP), allows MODEC to begin early-phase work on the FPSO while awaiting regulatory and government approvals. Phase one of the project will involve front-end engineering and design (FEED), followed by engineering, procurement, construction, and installation (EPCI) in phase two—pending final project sanction by ExxonMobil Guyana and its Stabroek Block co-venturers. The Hammerhead FPSO will have a production capacity of 150,000 barrels…

(Bloomberg) – bp Plc is off to a “great start” in its strategy reset and can follow through on the turnaround despite the recent drop in oil prices, said Chief Executive Officer Murray Auchincloss. BP CEO Murray Auchincloss U.S. President Donald Trump’s trade war has driven Brent crude below $70 a barrel, the price assumption that underpins bp’s plans to boost cash flow and reduce debt by selling assets. While the financial framework has tightened, the company is on track and its $20 billion divestment program could actually be assisted, Auchincloss said.  “Given the nature of the assets…

(Bloomberg) – Woodside Energy Group Ltd. is in talks with the overseas unit of Kuwait Petroleum Corp. for selling a stake in its proposed liquefied natural gas export project in the U.S., according to people with knowledge of the matter. Kuwait Foreign Petroleum Exploration Co., known as Kufpec, is also considering securing LNG supply from the project in Louisiana, along with taking a stake, the people said, asking not to be named because the talks are private. Earlier this month, Woodside sold 40% of Louisiana LNG Infrastructure LLC to Stonepeak and said the buyer will invest $5.7 billion in the…

GeoPark Limited, an independent oil and gas company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025. This appointment follows the decision of Andrés Ocampo to step down for personal reasons. Mr. Bayon is recognized as one of the most effective energy executives in Latin America with more than three decades of accomplishments in the international oil and gas industry. From 2017 to 2023, Mr. Bayon was CEO of Ecopetrol, one of the…

The Republic of Congo will showcase new exploration and gas monetization opportunities at African Energy Week (AEW) 2025, as Minister of Hydrocarbons Bruno Jean-Richard Itoua prepares to engage global investors and outline the country’s growth strategy. TotalEnergies’ Moho Nord development, offshore Congo His participation reinforces Congo’s drive to expand hydrocarbon production and mobilize investment across the oil and gas value chain. Minister Itoua’s engagement at AEW comes as Congo prepares to launch its 2025 licensing round – central to its strategy of increasing oil output from 274,000 to 500,000 bpd by 2027. The round will unlock exploration and…

Flotek has acquired power generation assets and related intellectual property from ProFrac GDM, a subsidiary of ProFrac, for $105 million. Flotek concurrently entered into an agreement for a six-year dry lease of the acquired assets with ProFrac GDM. ESD Skid for Gas Conditioning and Field Gas Custody Transfer. Image courtesy of Flotek The acquired assets include digitally enhanced mobile natural gas conditioning and distribution units providing real-time gas monitoring and dual fuel optimization for remote, behind-the-meter power generation with applications across multiple markets. With this acquisition, Flotek will leverage its real-time measurement technology to treat and optimize fuels…