Projects
10 Sep, 2025
China National Offshore Oil Corporation (CNOOC) has commenced production at the Wenchang 16-2 oilfield development project in the western Pearl River Mouth Basin of the South China Sea.
The independent oil and gas exploration and production company expects the offshore project to reach a peak output of around 11,200 barrels of oil equivalent per day (boepd) by 2027.
Located in waters averagi... more
Business and Finance
02 Sep, 2025
Wood Group has agreed to a US$291.5 million (£216m) conditional takeover by Dubai-based Sidara, marking the culmination of a year-long process that saw multiple bids for the struggling British oilfield services company.
The deal will see Sidara assume US$1.6 billion of Wood’s debt and inject US$450 million of fresh cash into the company.
However, the acquisition comes with caveats.
“... more
Trending
02 Sep, 2025
The way the oil and gas industry manages well construction is evolving rapidly. The smart real-time operations centre (RTOC) approach is transforming well construction by integrating planning, operational stages, and performance analysis into a cohesive digital ecosystem with distributed user access.
Innovative technologies like well construction ecosystems are creating a foundation for new ope... more
Events
22 September 2025-24 September 2025
The Reverse Engineering and Additive Manufacturing (ReAM) Show 2025, scheduled from September 22 to 24 at the Grand Hyatt Exhibition Centre in Dubai, is a premier event that brings together global experts, engineers, and innovators from key industries such as oil & gas, aerospace, healthcare, defence, construction, and automotive.
The show highlights the latest advancements in 3D scanning, ... more