Seatrium has signed a non-binding Memorandum of Understanding (MoU) with Shell Global Solutions International to explore and strengthen collaboration opportunities in Floating Production Systems through leveraging both parties’ deep engineering capabilities and technologies. The MoU focuses on driving project standardization and replication and seeks to promote best practices in the design and construction of Floating […]

In a company announcement, Wildcat Petroleum provided updates on its activities in both the Republic of Sudan and South Sudan as follows: Republic of Sudan In September 2023 the company was notified by the Sudanese Minister of Petroleum & Energy that it was not able to sign a Production Sharing Agreement (PSA) because of the […]

Sinopec, or China Petroleum & Chemical Corporation, reports that it has successfully completed drilling China’s deepest geothermal exploration well. The Fushen-1 well in Hainan was drilled to a depth of 5,200 meters. The company says this milestone has revealed the mechanism of deep geothermal formation and enrichment in South China, the new breakthrough in the […]