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November 2024
Subsea choke valve failures can be costly, with component costs, subsea replacement logistics and lost production time. ClampOn’s Choke Condition Monitor (CCM) can help reduce choke failures by monitoring vibration and acoustic levels, offering operators necessary information to change choke flow and plan maintenance intervals.
News
October 24, 2013
COTONOU (Bloomberg) -- Benin is set to resume crude output after South Atlantic Petroleum Ltd., a closely held Nigerian oil company, said it will start pumping the fuel from the country’s Seme fields offshore.
News
June 07, 2015
Saudi Arabia is trying to maintain its share of the global oil market rather than use its power in OPEC to curb U.S. producers, according to David Petraeus, former director of the Central Intelligence Agency.
News
August 20, 2010
According to Arabian Oil & Gas, Lebanon’s parliament today approved a law that opens its offshore areas for the first time to oil and natural-gas exploration.
The measure represents a fresh opportunity for energy companies in a maritime region that Norway-based oil and gas fields surveyor Petroleum Geo-Services, has described as “exciting.” Parliament spokesman Mohammad Ballout confirmed passage of the law.
Large discoveries of gas in the Eastern Mediterranean have sparked a debate between Lebanon and Israel over their respective rights to energy resources in the area. While Lebanon has not officially accused Israel of exploring for gas outside its territorial waters, the issue has inflamed tensions because the two states are technically at war.
News
February 02, 2018
With its money-losing refineries producing the least fuel in 27 years and only a handful of private partnerships announced since Mexico’s energy reforms, sealing a $2.6 billion venture with Mitsui & Co. will come as a relief to Petroleos Mexicanos.
News
February 19, 2018
Abu Dhabi’s selection of a Spanish company to help it develop offshore oil fields is a sign of the Gulf producer’s push to diversify its partnerships while working to boost production capacity and secure long-term markets for crude.
News
February 10, 2022
U.S. President Joe Biden and Saudi Arabia’s King Salman spoke on Wednesday about stabilizing energy prices, the status of the Iranian nuclear talks and the war in Yemen.
News
October 05, 2017
President Vladimir Putin began talks with Saudi King Salman bin Abdulaziz, as the two energy superpowers seek to extend an agreement curbing oil supplies.
News
August 20, 2015
Israel moved one step closer to selling stakes worth billions of dollars in its offshore natural gas fields after the Cabinet approved development plans that may lead to exports of the fuel for the first time.
News
December 12, 2016
President-elect Donald Trump said he’s “very, very close” to naming his secretary of state, and lauded front-runner Exxon Mobil Corp. CEO Rex Tillerson in an interview broadcast Sunday as “a world-class player.”
News
July 11, 2022
Even if Joe Biden secures a pledge for more oil when he visits Saudi Arabia this week, it may do little to drive down the high fuel prices roiling the global economy.
