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Mermaid Subsea Services (UK) has successfully completed a complex wellhead severance project in the Southern North Sea. Mermaid Subsea’s Island Valiant vessel Requiring close coordination across multiple vendors to ensure seamless delivery, the operation was executed safely, on schedule and within budget from the Island Valiant vessel. Previous efforts to remove the target well were unsuccessful, meaning Mermaid had to use dedicated precision subsea tooling and expert project execution to sever and recover the well conductor, in full compliance with environmental and regulatory standards. “This successful wellhead severance marks a major achievement for Mermaid,” said Scott Cormack, Regional…
For the last few years, TCL and Hisense have been going head-to-head for supremacy in the midrange TV market. The two companies have proven that they understand what’s needed to offer a value-driven television that doesn’t skimp on image quality. But with the release of its new flagship QM8K TV, TCL isn’t competing just with Hisense anymore. It’s going after high-end offerings from Sony, Samsung, and LG — and the QM8K QLED 4K TV has the performance chops to pull it off.Compared to last year’s QM8, the 2025 QM8K delivers significantly improved Mini LED backlight control, wider viewing angles, and…
Amid the escalating conflict in the Middle East, Italian energy major Eni has reduced the number of staff at the Zubair oil and gas field in Iraq as a precautionary measure, an Eni spokesperson told Reuters on Monday.The Israel-Iran conflict that began earlier this month took a major turn this weekend after the U.S. bombed three Iranian nuclear sites – at Fordow, Natanz, and Isfahan – and warned the Islamic Republic that retaliation against U.S. troops in the region or any other retaliation would be the worst mistake it will make.Iran on Monday retaliated against the U.S. strikes, claiming the…
(World Oil)– Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. In June 2025, the company lifted its first crude cargo from the newly-constructed facility—the first indigenous onshore terminal constructed in the country in five decades—signaling the start of operations at the terminal. “Facilities such as this will play an instrumental part in supporting marginal field production by facilitating crude exports and increasing revenue generation in Nigeria,” said the African Energy Chamber (AEC) in a statement. “As the country strives to produce two million bpd, projects…
SLB has announced a strategic collaboration agreement with Cactus Drilling, the largest privately held land drilling contractor in the U.S., to expand the adoption of automated and autonomous drilling solutions. The collaboration aims to deliver optimized performance through enhanced operational efficiency and consistency in execution by scaling advanced digital solutions. Under the agreement, Cactus will build on its current use of SLB’s Precise™ automated drilling control systems by integrating DrillSync™, SLB’s automated controls platform and software suite. These technologies will work together to improve drilling efficiency, increase equipment utilization and provide real-time data insights for better execution. The agreement will…
2025-06-23T21:08:22Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Venetians are protesting against Jeff Bezos and Lauren Sánchez’s upcoming wedding. The wedding is expected to take place this week and will have around 200 guests. Protesters cited concerns about overtourism in Venice, which gets 20 million visitors annually. Venice is widely considered one of the world’s most romantic cities, but some…
The Last Time War Premium and Supply Shocks Collided – Oil Rocketed 150% Looking at recent history, the warning signs are impossible to ignore. Every time the United States has become militarily entangled in an Oil-producing region, Crude prices have responded with sharp, sustained rallies. During the Iraq War’s peak escalation between 2007 and 2008, Oil prices more than doubled, climbing from $59 a barrel to over $146 a barrel – notching up a phenomenal gain of almost 150% in just 18 months. In 2011, the NATO-led intervention in Libya sparked a similar surge. With 1.6 million barrels per day…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldOil prices tumbled on Monday by the most in three years as traders wagered that Iran’s attack on a US base in Qatar was a “de-escalatory” gesture that will stave off a more serious assault on energy infrastructure.Brent crude, the international benchmark, finished Monday’s trading day down 7.2 per cent at $71.48 a barrel, the biggest fall since August 2022. It marked a sharp turnaround from the start of the session, when Brent surged above $80 as traders responded to…
Iran fired missiles at a US air base in Qatar after promising it would respond “proportionately and decisively” to President Donald Trump’s weekend airstrikes on three of its nuclear facilities. There were no reported casualties in the attack on Al Udeid base — the biggest such US facility in the Middle East — amid signs Iran gave advance notice of the strike plan. Qatar said the missile barrage was intercepted and the base had been evacuated in advance. Oil plunged on relief that Tehran’s limited response didn’t target energy supplies. The salvo marks another widening in the conflict that began…
Publisher’s Note: Eni will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025. Register to attend. (Oil Price)– Eni has signed a deal to sell 20% in its low-carbon energy business Plenitude to Ares Management Corporation in a deal valuing the unit at an enterprise value of $13.8 billion (12 billion euros). Under the agreement, global alternative investment manager Ares Management will buy 20% in Plenitude for $2.3 billion (2 billion euros), Eni said on Monday. The completion of the transaction is subject to customary regulatory approvals. At the end of 2023, Eni agreed to sell 9% in Plenitude to Energy Infrastructure Partners (EIP).…