The world’s largest provider of hydraulic fracturing is forecasting shrinking margins in its biggest business line as weakening demand weighs on the prices it can charge, CEO Jeff Miller said Tuesday. The company plans to idle or retire some equipment. SourceContinue Reading
A group of eight oil and natural gas trade associations are calling on lawmakers in the U.S. House of Representatives to “take swift action on permitting reform,” in a letter to Chairman Bruce Westerman ahead of an oversight hearing tomorrow in the House Natural Resources Committee. SourceContinue Reading
Shell, Aker BP and Enbridge have all left the SBTi, the leading global standard setter for corporate climate targets. The retreat started late last year after the companies were told that a net zero emissions strategy accredited by SBTi would require them to stop developing new oil and gas fields, the Financial Times reported. SourceContinue Reading
ExxonMobil was recently denied a motion to dismiss a lawsuit that claims it breached a Contingent Resource Payment Agreement (CRPA) it held with InterOil, a company with natural gas interests in Papua New Guinea whom Exxon acquired in 2017. SourceContinue Reading
TotalEnergies and Emerson’s Aspen Technology business have announced a strategic collaboration to deploy advanced digital technologies for the continuous, real-time collection of data from TotalEnergies’ industrial sites. SourceContinue Reading
SLB will deploy its Sequestri™ carbon storage solutions portfolio to construct six carbon storage wells in the North Sea for the Northern Endurance Partnership (NEP), an incorporated joint venture between bp, Equinor and TotalEnergies. SourceContinue Reading
Mozambican President Daniel Chapo said he expects to soon conclude talks with TotalEnergies SE over the restart of a $20 billion natural-gas project that halted four years ago because of an Islamic State-linked insurgency. SourceContinue Reading
OFS Portal has launched new membership tiers designed for supplier companies joining for the first time. These flexible tiers help suppliers’ lower costs, streamline compliance, simplify integrations, and standardize e-invoicing with energy operators worldwide. SourceContinue Reading
U.S. Treasury Secretary Scott Bessent said the next round of U.S.-China talks could include a discussion of China’s purchases of Russian and Iranian oil, a signal that the focus could shift from more traditional trade issues to ones that cross over into matters of national security. SourceContinue Reading
Namibia’s former-Minister of Mines and Energy, Tom Alweendo, is spearheading the launch of Alvenco Advisory, a new strategic advisory firm. The launch of Alvenco Advisory comes as Namibia accelerates the development of offshore oil and gas discoveries made in the Orange Basin. SourceContinue Reading
