In other news, AIQ, ADNOC, Baker Hughes, and CORVA have launched an AI project to optimize drilling performance. Chevron has upgraded its Pasadena Refinery to increase light crude processing capacity. CNOOC has sold its U.S. assets in the Gulf of Mexico to INEOS for nearly $2 billion, aligning with its strategy to optimize its global portfolio. Petrobras has awarded SLB contracts to manage deepwater well construction and provide subsea raw seawater injection systems in Brazil, aiming to enhance recovery and reduce emissions.
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- Tethys Oil suspended its Kunooz-1 well in Oman due to non-commercial hydrocarbon flow, and divested its interests in Lithuania.
- Kolibri Global Energy reported strong production rates from its Alicia Renee well pad in Oklahoma, expecting better economic returns than forecasted.
- Touchstone Exploration acquired Shell Trinidad Central Block Ltd. for $23 million, gaining a 65% interest in the Central Block E&P license in Trinidad and Tobago.
- Petrobras awarded SLB contracts for deepwater well construction and subsea raw seawater injection systems to enhance recovery in Brazil's offshore fields.