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World Oil News
Russia expects India to continue buying its oil, a senior official said, even as the South Asian nation faces higher U.S. tariffs and harsh criticism from Trump administration officials for the trade. Source
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Strohm has won a contract to supply four TCP Jumpers for installation in a deepwater field offshore Malaysia. The end customer is a major Southeast Asian operator with international exploration projects. Source
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Norway’s monthly oil production jumped to the highest in over a decade last month, following the ramp-up of Equinor’s new Johan Castberg field in the Barents Sea. Source
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Chevron plans to merge Hess’ exploration team with its own to challenge “conventional thinking” and make new discoveries, Chief Executive Officer Mike Wirth said in an interview on Tuesday. Source
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Chevron plans to merge Hess’ exploration team with its own to challenge “conventional thinking” and make new discoveries, Chief Executive Officer Mike Wirth said in an interview on Tuesday. Source
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“We’re active in the Permian, but we also look for opportunities in areas like the Barnett shale, where competition is lower, pricing can be more favorable, and the right deals can deliver strong, stable returns,” said Rising Phoenix’s CEO. Source
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According to a new Rystad Energy report, Brent oil prices have shifted very little over the last two weeks, staying in the range of $65 to $66 per barrel. The Russia-Ukraine peace talks loom large, with bearish sentiment winning out in anticipation of Russian barrels making a return to global markets. Source
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Nikkiso CE&IG Group has been contracted by NPG (a joint venture between Shell and a FOCOL Holdings subsidiary) to provide LNG regasification and cryogenic equipment for the New Providence Gas Project in Nassau, the Bahamas.  Source
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Emerson has launched the Rosemount™ 3144S Temperature Transmitter, a new industrial measurement solution with the flexibility to meet the most demanding temperature measurement challenges, allowing for increased efficiency, safety and profitability. Source
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Indonesia Energy Corp. (IEC) has signed an MOU with Aguila Energia e Participações Ltda. (AEP). The MOU establishes a collaborative framework for the companies to evaluate and pursue potential oil and gas opportunities in Brazil. Source
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