Oil prices jumped on Wednesday (April 22) with Brent trading above $100 a barrel, erasing earlier losses following reports of gunfire attacks on at least three container ships in the Strait of Hormuz.
Soiltech has been awarded three contracts to deliver fluid treatment (STT) services on rigs in the Black Sea, the Netherlands, and Norway. The STT will be applied differently on each rig, with solutions adapted to the specific composition of the fluids being treated.
Innovex International has acquired Drilling Innovative Solutions (DIS) to strengthen its portfolio of cost-saving oilfield technologies. The integration enhances innovative products like advanced float valves and cement retaining collars, boosting value for global operators.
Burckhardt Compression, a leader in reciprocating compressor technology and systems, has secured multiple orders to supply compressor solutions for LNG terminal projects in Thailand and Taiwan.
Conflict between the US, Israel and Iran has disrupted Strait of Hormuz shipping, exposing limited export alternatives. Existing pipelines offer partial relief, while proposed routes face major political, security and financial challenges.
Eclipse Energy and Wood have signed a memorandum of understanding (MOU) to collaborate on the commercialisation and global deployment of subsurface hydrogen production.
Chinese scientists have developed a universal green, high-efficiency membrane separation method to selectively extract a range of heavy metal resources critical to new energy technologies.
DNV finds Spain is off track for full decarbonisation. Emissions are down 13 per cent since 1990, but could fall 74 per cent by 2050, with transport still dominant and power sector rapidly decarbonising.
Dana Gas announced shareholder approval of a 6.5 fils ($0.018) per share cash dividend for 2025, marking an 18 per cent increase compared to its 2024 dividend following its Annual General Assembly Meeting.
Iraq has approved the bidding process for a $4.6 billion oil pipeline linking Basra to Haditha, in a step aimed at strengthening its crude export infrastructure. The planned pipeline will stretch 685 km, transporting crude oil from southern Iraq to northern regions.
