Kabal, a logistics software provider for the energy industry, has won a contract with Phu Quoc Petroleum Operating Company (PQPOC) to optimize its offshore logistics in Vietnam. This partnership marks a significant step in Kabal’s strategic expansion in Southeast Asia. SourceContinue Reading
A new study by the Brazilian Institute of Oil and Gas (IBP) highlights the oil and gas sector’s importance in financing public policies in Brazil, with analysis showing over BRL 325 billion ($59 billion USD) generated in 2023 for local governments. SourceContinue Reading
The U.S. Interior Department on Tuesday released its offshore leasing schedule under Trump’s One Big Beautiful Bill, garnering support from several energy sector agencies. SourceContinue Reading
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. SourceContinue Reading
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. SourceContinue Reading
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. SourceContinue Reading
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. SourceContinue Reading
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. SourceContinue Reading
“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. SourceContinue Reading
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. SourceContinue Reading
