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World Oil News
Canadian Natural Resources Ltd., Imperial Oil Ltd. and others are extending maintenance cycles to two-years from one, which saves on capital expenditure, increases output and effectively offsets declining profits resulting from lower oil prices. Source
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According to a new report by Enverus Intelligence Research (EIR), repowering legacy sites with gas, nuclear and geothermal could unlock firm, low-carbon energy faster by bypassing interconnection bottlenecks and greenfield delays. Source
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Brazil’s state-controlled oil company received permission from regulators to perform emergency response drills near the mouth of Amazon River, a crucial step toward winning approval to explore in a region the company has been pushing to access for years. Source
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Venture Global Inc., one of the largest U.S. exporters of liquefied natural gas, has prevailed over oil giant Shell Plc in an arbitration case over the sale of cargoes from its first export plant, capping a two-year fight. Source
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Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said. Source
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ExxonMobil has signed a deal to explore for oil and gas off the coast of Trinidad and Tobago, a decade after making the world’s largest discovery in a generation in nearby Guyana. Source
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ConocoPhillips has contracted Halliburton to deliver comprehensive well stimulation services to improve well performance and reservoir productivity. The contract spans five years and includes three optional extension periods. Source
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Energy Domain has acquired the ClerkRecords.com domain along with its proprietary technology — an AI-enhanced courthouse records platform that will streamline the way users can access and understand complex documents such as oil and gas leases. Source
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Cenovus Energy Inc. is in talks with Indigenous groups in Canada to jointly buy MEG Energy Corp., an oil sands producer that faces an unsolicited $4 billion takeover bid from Canadian oil giant Strathcona Resources.  Source
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NETZSCH Pumps USA highlights its advanced fluid handling solutions for the oil industry that are ideal for upstream, midstream and downstream applications. Source
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