ADNOC Drilling Co. is planning to buy a company operating oil and gas rigs in Kuwait and Oman, which would be the second such deal in less than a year as the United Arab Emirates-based firm expands beyond its home market. SourceContinue Reading

OPEC+ closed a two-year chapter in its oil strategy on Sunday with the last in a series of bumper oil production increases. But it left crude traders with a cliffhanger, as delegates emphasized privately that the next move could just as easily be a cut as a hike. SourceContinue Reading

Technip Energies has been awarded a major Engineering, Procurement, and Construction (EPC) contract by Commonwealth LNG for its 9.5 MMtpa liquefied natural gas (LNG) facility located in Cameron Parish, Louisiana, U.S. SourceContinue Reading

Malaysia’s Petronas is working with Bank of America Corp. to sell its 50% stake in the Brazilian oil field Tartaruga Verde, according to unnamed sources. Petronas bought the stake in 2019 as part of a bigger transaction with Petrobras, which still owns the remaining 50%. SourceContinue Reading

bp has successfully started up its Argos Southwest Extension project, the first in a series of new projects planned in the Gulf of America/Gulf of Mexico over the next five years. The project adds 20,000 boed of production at the existing Argos platform. SourceContinue Reading

ADNOC Gas has announced the signing of a Heads of Agreement with Hindustan Petroleum Corporation Limited (HPCL) to supply 0.5 million metric tonnes per annum (MMtpa) of liquefied natural gas (LNG) for a 10-year term. SourceContinue Reading

A joint venture between Fluor Corporation and JGC Corporation has been awarded a contract to update the Front-End Engineering and Design (FEED) for a proposed Phase 2 expansion of the LNG Canada facility, located in British Columbia. SourceContinue Reading

bp today announced its largest discovery in 25 years at the Bumerangue prospect in the deepwater offshore Brazil. bp drilled exploration well 1-BP-13-SPS and discovered hydrocarbons at the Bumerangue block, located in the Santos basin. SourceContinue Reading

SLB has acquired Stimline Digital AS, a leading cloud-based software company for the energy sector specializing in well intervention. SourceContinue Reading

Chevron will hand over a percentage of its Venezuelan production to the local government under new terms negotiated after receiving a license to restart operations in the South American nation, according to people with knowledge of the matter. SourceContinue Reading