From a contract in Qatar to a new offering from Lufkin Industries, below is a compilation of the latest headlines in the E&P space.
Activity
Namibia Discoveries Could Produce 2.5 mtpa of Gas, Company Says
The National Petroleum Corp. of Namibia (Namcor) estimates the country could produce more than 2.5 million tonnes per annum of natural gas, based on early-stage assessments of recent discoveries made since 2022.
Mtundeni Ndafyaalako, executive of upstream development and production at Namcor, said at an energy conference last week that the company plans to use legislative frameworks to coordinate infrastructure development and expand exploration.
“We now have a clearer picture of production potential and various applications,” Ndafyaalako said. He added the strategy is designed to attract new players and investment.
Contracts and company news
Lufkin Introduces Well Manager 2.0 With Novawave
Oilfield equipment and services provider Lufkin Industries has launched the patent-pending Well Manager 2.0 with Novawave Advanced Wave Equation Technology. The solution enables oilfield companies to address the pressure, friction and gravitational effects encountered in deviated horizontal wells to maximize production in real-time with validated data.
Lufkin CEO Brent Baumann said the system “allows operators to gain unparalleled real-time visibility into subsurface activity and well performance metrics tailored to the complexities of deviated wells.” By improving operator decisions and extending equipment life through proper design, the system can save tens of thousands of dollars per workover rig over the life of a well.
Sulzer, Manweir Sign 10-Year Strategic Service Partnership in Qatar
Sulzer has partnered with Manweir WLL, the oil and gas arm of Mannai Corp., to enhance the availability and quality of rotating equipment repairs and services across Qatar. Sulzer provides critical applications for core infrastructure and processes for large industrial customers.
Sulzer’s teams will be based at Manweir’s Ras Laffan facility in Qatar to provide in-country services for oil and gas, power generation, water desalination and industrial customers. That will reduce delivery times for oil and gas and other industrial customers whose equipment would previously need to be sent out of the country.
“This partnership with Manweir allows us to deliver high-quality service and safety standards to our customers in Qatar,” said Alex Myers, president of the India Middle East Region for Sulzer Services.
TotalEnergies Taps Wood to Advance Iraq Field Redevelopment
The consulting and engineering firm Wood has been awarded two new engineering and procurement framework agreements worth $11 million by TotalEnergies EP Ratawi Hub as part of the Gas Growth Integrated Project. The GGIP is a multi-energy project designed to enhance the development of Iraq’s natural resources and improve the country’s electricity supply at the Ratawi Field in Iraq.
Each of the new contracts has a three-year term under which Wood will support TotalEnergies to advance the Associated Gas Upstream Project, a key part of the GGIP project. The aim is to debottleneck and upgrade existing facilities to increase oil production capacity to 120,000 bbl/d on completion of the first phase.
Technip Energies Lands Contract for Qatar Project
Technip Energies has been awarded a detailed engineering design contract by Larsen & Toubro Ltd. for the North Field production sustainability offshore compression project of QatarEnergy LNG.
Technip said the value of the contract is 50 million to 250 million euros (US$57 million to US$285 million). Technip Energies, which completed the FEED phase, will provide detailed engineering design for two offshore compression complexes.
Recommended Reading
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Amplify Updates $142MM Juniper Deal, Divests in East Texas Haynesville
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ADNOC, OMV to Merge Petrochemical Firms to Create $60B Giant
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TPG Takes Altus Power Private As $2.2B Acquisition Closes
2025-04-16 - Altus Power stock stopped trading on the New York Stock Exchange before trading began April 16 after being acquired by global asset manager TPG.
Will TG Natural Resources Be the Next Haynesville M&A Buyer?
2025-03-23 - TG Natural Resources, majority owned by Tokyo Gas, is looking to add Haynesville locations as inventory grows scarce, CEO Craig Jarchow said.
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