Author: omc_admin

Eni SpA has resumed exploration in Block 16/4 in waters northwest of Libya after a five-year pause, the North African country’s National Oil Corp (NOC) said. “This comeback includes re-entering the exploratory well C1-16/4 (also known as BESS-3), where drilling operations were previously halted in 2020 due to the COVID-19 pandemic”, the NOC said in a press release. The Ensco rig 4005 reached 1,012 feet before being decommissioned April 2020, according to the NOC. Saipem SpA, majority owned by Eni, is restarting the campaign with the Scarabeo-9 rig to reach the target total depth of 10,520 feet, the NOC said.…

A three-day national strike prompted by layoffs at the Dangote refinery has led to production losses of 600,000 barrels, the chief executive of the Nigerian National Petroleum Company has said.“I think it was unfortunate that the Dangote and PENGASSAN issue led to strike and whenever there is strike and critical staff manning critical facilities are not available and optimum production is almost impossible. In this particular case, we actually lost significant production of over 200,000 bpd that was deferred,” Bayo Ojulari told media.The main Nigerian oil union launched a nationwide strike last month after the Dangote refinery fired as many…

MIAMI (AP) — Hurricane Priscilla has strengthened to a Category 2 storm and is likely to become a major hurricane later Tuesday as it swirls off the Pacific coast of Mexico.The National Hurricane Center in Miami said that early Tuesday Priscilla was about 255 miles (410 kilometers) west-southwest of Cabo Corrientes, Mexico, and about 245 miles (390 kilometers) south of the southern tip of Baja California.It has maximum sustained winds of 100 mph (155 kph) and is moving northwest at 10 mph (17 kph).A tropical storm watch is in place for Baja California Sur from Cabo San Lucas to Cabo…

(Oil & Gas 360) – EnerCom, Inc., a leading energy communications and consulting firm, has expanded its Oil & Gas 360® Premium subscription service, offering energy investors and industry professionals access to deeper analytics, valuation tools, and market intelligence designed to support better, faster decision-making.  The enhanced Premium platform brings together multiple resources in one subscription:  Valuation & Benchmarking Dashboards – Compare exploration & production, midstream, refining & marketing, oilfield services, and power/energy transition companies with interactive metrics, peer group customization, and EnerCom’s proprietary 5 Factor Model.  Oil & Gas 360® Marketwatch – Real-time stock prices, performance charts, filings, earnings…

Rivian CEO RJ Scaringe says his company has a different view on LiDAR and its relevance to achieving autonomous driving than Tesla.”Our view is that it’s definitely beneficial, and our approach to sensors has been that we need to rapidly build our foundation model as fast as possible,” Scaringe told The Verge’s “Decoder” podcast in an episode that aired Monday.Scaringe told guest host and journalist Joanna Stern that there is a “real benefit” and that he “wouldn’t rule out” including it in a self-driving vehicle’s multi-sensor system.The debate over LiDAR started during an earlier development period, when the models being…

Geopolitical tensions are projected to slow global trade and GDP growth, impacting energy demand worldwide, including in India. Rising geopolitical tensions will slow global trade and GDP growth, dampening energy demand worldwide and in India, as nations prioritise self-reliance over imports, said BP’s chief economist Spencer Dale.“If the world becomes more self-reliant, they will tend to have less international trade,” said Dale. “If there’s less international trade, that would tend to slow global economic growth because there’s less chance for people to do trade specialization and there’s less scope for new technologies to be quickly transferred around the world.”This year’s…

The plea filed in NGT had stated that during the transfer of petroleum products, VOCs are released, which causes molecules to evaporate or sublimate.A recent RTI reply revealed that all 392 fuel stations in Delhi are equipped with vapour recovery systems, as mandated by the National Green Tribunal (NGT) in 2018. A vapour recovery system installed at petrol pumps and other facilities helps in capturing volatile organic compounds (VOCs), such as benzene, that are released during the loading and unloading of fuels.NGT earlier observed that the Central Pollution Control Board issued directions under section 5 of the Environment (Protection) Act,…

MGL has entered the LNG value chain through LNG retail stations and is also focusing on renewable and clean energy projects.New Delhi: Oil India Limited (OIL) and Mahanagar Gas Limited (MGL) signed a Memorandum of Understanding (MoU) to explore joint opportunities across the liquefied natural gas (LNG) value chain and other clean energy segments.The MoU was signed by the Executive Director (Business Development), OIL, and the Vice President (Business Development, BIS, Commercial & STU), MGL, in the presence of OIL Director (Operations) P K Goswami, Director (HR) D C Sahoo, and MGL Managing Director Mahesh V. Iyer.OIL, a Maharatna company…

(Oil Price) – Chart Industries shareholders have approved the company’s $13.6-billion all-cash sale to Baker Hughes, positioning the Houston-based energy technology giant at the center of the expanding markets for both LNG and industrial gases, Reuters reports. The vote, held Monday, follows regulatory filings confirming that Baker Hughes will pay $210 per share in cash, with closing targeted for mid-2026, pending antitrust clearance and other customary conditions, according to Reuters. The acquisition represents one of the largest energy-technology transactions since Baker Hughes’ 2017 merger with GE Oil & Gas. It cements Chief Executive Lorenzo Simonelli’s strategy to diversify beyond traditional oilfield services…

Jony Ive has 15 to 20 ideas for OpenAI’s family of AI devices, and they will likely be nothing like an iPhone, he told CEO Sam Altman at the startup’s DevDay conference on Monday.Ive criticized smartphones and tablets — some of the very devices he made famous — during the talk and said he hopes these new AI devices will make humans happier and less anxious.”When I said we have an uncomfortable relationship with our technology, I mean that’s the most obscene understatement,” said Ive, Apple’s former chief designer.”We have a chance to not just redress that, but absolutely change…