The new contract adds to the work Baker Hughes Co. is already doing on Dubai Petroleum Establishment's Margham Gas project.
The agreement with Iraq’s government is for an initial phase that includes oil and gas production of more than 3 Bboe, BP stated.
Aramco and Blue Hydrogen are expected to combine their operations to produce hydrogen from Aramco’s carbon capture and storage operations in Jubail, Saudi Arabia.
Here’s a roundup of the latest E&P headlines, from an oil find in western Hungary to new gas exploration licenses offshore Israel.
Oil demand will be picking up as we move into warmer months for the northern hemisphere. For the upcoming week, Stratas Advisors think the price of Brent crude will move higher and will test $73.
BP Pipelines holds a 12% interest in the Trans-Anatolian Natural Gas Pipeline (TANAP), which transports natural gas from Azerbaijan across Turkey.
The U.S. issued new Iran-related sanctions, targeting entities including for the first time a Chinese "teapot," or independent refinery, and vessels that supplied crude oil to such processing plants.
Failure to meet these conditions may lead to the termination of the deal.
Executives at BP, Sempra Infrastructure and the American Petroleum Institute weighed in on U.S. natural gas prowess and the obstacles that could stand in the way: snagged permitting, prohibitive steel tariffs and layoffs of federal workers needed to approve projects.
Oil trends will hinge on China’s economy, plans to refill the SPR and how tariff threats play out.