oil & gas

Energy

Shell invests in deep-water project in Nigeria

Arnold Pinto 30/12/2024 0

Located at Bonga North Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell, has announced a significant final investment decision (FID) on the Bonga North deep-water project off the coast of Nigeria. The strategic initiative aims to enhance production

NEWS DESK

Italy Captures 10% of UAE Oil & Gas Equipment Market

News Desk 1 03/11/2024 0

Italy is set to showcase its expertise and innovation in the energy sector at ADIPEC 2024, the world’s most influential oil and gas exhibition, held in Abu Dhabi from November 4-7, 2024. The Italian Trade Agency (ITA) will organize the official participation of 28 Italian companies in the 2024 edition, reinforcing Italy’s pivotal role in […]

NEWS DESK

SCF Acquires Newpark Fluids Systems

News Desk 1 14/09/2024

SCF Partners, Inc. (“SCF”) is pleased to announce its acquisition of the Newpark Fluids Systems business (“NFS”), a leading global pure-play oil & gas and geothermal fluids solution provider, from Newpark Resources Inc. (NYSE: NR). Newpark Fluids Systems provides a full range of drilling & completion products and related technical services supported by an

Business Oil & Gas Saudi Arabia

Aramco declares $121 billion net profit in 2023

Arnold Pinto 11/03/2024 0

Profit falls from $161.1 billion in 2022 Saudi Arabian Oil Company (Aramco) revealed its full-year 2023 financial results on March 10, 2024. The company’s robust net income of $121.3 billion marked its second-highest-ever net income. The stellar financial performance, attributed to Aramco’s operational flexibility, reliability, and cost-effective production