Page 22 - Offshore Technology News Today

Aker BP has signed a merger plan with Sweden-based Lundin Energy that would create Norway’s second largest oil and gas producer.

Predictive maintenance strategies in the oil and gas industry have been boosted by the growth of digitalisation and innovative technologies.

Commodity trader Glencore has agreed to sell its stake in the Russian oil company Russneft to an undisclosed buyer.

Waldorf is nearing a deal with ONE-Dyas to acquire the latter’s oil and gas assets, in the UK and Dutch North Sea, for more than $1bn.

The energy major has been gearing up to increasing production in Guyana after it discovered 10 billion barrels of recoverable oil and gas.

The move is expected to give Myanmar greater energy security as junta-related sanctions are driving Western majors out of the nation.

TotalEnergies is in talks to sell its majority stake in the YPergas joint venture, in Venezuela, to private equity group Sucre Energy.

Oil and gas is seeking financial savings, environmental benefits, and safety improvements through tech innovations.

There were 1,782 active gas processing plants in North America up to January 2022, with the US leading in processing capacity.

The news comes as environmental groups push for a halt in UK gas production, though increasing demand is turning attention to imports.