Oilfield Service Professionals LLC (OSP) has entered a global technology alliance with Alpha Oil Tools to boost operational efficiency and reliability in oil and gas operations. SourceContinue Reading
Equinor has acquired a 9.8% minority stake in Ørsted—a transaction which establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which holds a controlling stake in the company. SourceContinue Reading
Russia’s crude shipments rose to the highest in three months, with more oil available for export after the country’s refineries embarked on seasonal maintenance. SourceContinue Reading
Tourmaline Oil Corp. announced that it has closed the acquisition of Crew Energy Inc. and has entered an agreement to sell a gross overriding royalty interest to Topaz Energy Corp. SourceContinue Reading
Mike Sommers, president and CEO of the American Petroleum Institute (API), addressed the New Mexico Oil and Gas Association in Santa Fe today, emphasizing the critical role of U.S. energy security amid rising global tensions. SourceContinue Reading
Shell saw continued strong performance from its natural gas and upstream businesses in the third quarter, even as oil-refining margins declined and it expects to lose money in chemicals. SourceContinue Reading
More consolidation in the U.S. shale sector is needed to cope with soaring costs to identify and exploit untapped oil reserves, according to Kimmeridge Energy Management Co. SourceContinue Reading
The American Petroleum Institute (API) has appointed Kevin Slagle as its new senior vice president of communications. Slagle will lead API’s communications team to advance the U.S. oil and natural gas industry’s priorities in Washington, including those outlined in API’s 5-Point Policy Roadmap. SourceContinue Reading
McDermott has secured an engineering, procurement, construction, and installation (EPCI) contract from QatarEnergy LNG for the North Field South (NFS) offshore pipelines and cables project. SourceContinue Reading
Chevron Corp. agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for $6.5 billion. SourceContinue Reading
