Expro has been awarded a major three-year contract by Woodside Energy in support of the Trion deepwater oil and gas development offshore Mexico. Expro will provide industry-leading tubular running services (TRS) and cementing services for what will be Mexico’s first deepwater oil production facility. SourceContinue Reading

Saudi Arabia raised crude output far above its OPEC+ quota last month, joining other producers in a rush to export oil out of the Persian Gulf as Israel went to war with Iran, according to the International Energy Agency. SourceContinue Reading

bp Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, offering a boost for the energy major struggling to reverse years of underperformance.  SourceContinue Reading

Rising Phoenix Capital has acquired additional mineral rights in the Midland basin operated by ConocoPhillips. The assets were acquired through the firm’s Maroon Bells Fund, an income-focused mineral portfolio that has delivered consistent cash distributions. SourceContinue Reading

Xecta has expanded its partnership with Santos to scale the deployment of the Integrated Production System Model (IPSM) across the company’s assets in Eastern Australia and Papua New Guinea. The five-year agreement follows a successful rollout in the Cooper basin. SourceContinue Reading

West Texas Intermediate advanced almost 3% to settle above $68 a barrel after U.S. President Donald Trump said he plans to make a “major statement” on Russia on Monday and reiterated criticism of President Vladimir Putin. SourceContinue Reading

Perenco has completed its acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalization of the deal, combined with Perenco’s existing operatios, aligns Perenco as a major oil and gas producer in country. SourceContinue Reading

Horizon Petroleum Ltd. announced substantial progress has been made towards first production from its cornerstone Lachowice gas development in the Bielsko-Biala concession, southern Poland. SourceContinue Reading

Senior officials from three of OPEC’s core producer nations — Saudi Arabia, the United Arab Emirates, and Kuwait — lined up to say that the super-sized addition of supply by the producer club at the weekend was needed by the global market. SourceContinue Reading

With OPEC+ nearing the end of a first phase of major output hikes, the market’s attention is turning to what will come after, say Goldman Sachs analysts. The organization and its allies have been voluntarily holding back a second, smaller tranche of supply, propping up oil prices. SourceContinue Reading