News

European oil and gas majors have doubled their planned spending on low-carbon energy in just two years, from 10% of their 2019 capex to 25% of their total current spending plans, Wood Mackenzie said on Thursday.

Total is planning to explore for oil off the west coast of South Africa, despite growing opposition from local environmental groups to such activities. SLR Consulting Ltd, which is carrying out the environmental assessment, said Total planned to drill one well and could drill nine more if the first one was successful.

The number of active U.S. oil and gas RIGS rose for a third straight week this week as relatively high oil prices encouraged operators to add RIGS.

Recently, NOE successfully delivered the first batch of well testing equipment to NESR (National Energy Services Reunited), a world-renowned oil service company, which will be used for the well testing operation of an international oil company in the United Arab Emirates.

Recently, NOE successfully delivered the first batch of choke valves to a well -known exploration and production company in the Middle East. The batch of equipment will be used for the production of Oman Block 60 oil fields.