BP Plc’s strategy reset isn’t even a week old, but it’s already showing some vulnerabilities. Two of the company’s most important pledges to investors require Brent above $70. The international benchmark is likely to fall below that crucial threshold, according to Bloomberg. SourceContinue Reading
Independent Petroleum Association of America (IPAA) President & CEO Jeff Eshelman has issued a statement ahead of President Donald Trump’s address to a Joint Session of Congress, citing the historic changes happening within the energy sector. SourceContinue Reading
TDI-Brooks recently conducted seismic site surveys and pipeline route assessments for SPDC offshore Nigeria, deploying its survey vessel, R/V PROTEUS to identify potential drilling hazards and risks along the proposed pipeline route. SourceContinue Reading
Global energy consultancy Xodus has acquired Daymark Energy Advisors to expand its power networks capabilities across international energy transition projects. The power networks market is set for growth as electrification will require significant upgrades to networks around the world. SourceContinue Reading
The U.S. Treasury followed through on President Trump’s pledge to stop Chevron’s operations in Venezuela, delivering a major blow to Nicolas Maduro’s autocratic regime. Chevron has ramped up production in recent years to supply about 20% of Venezuela’s overall output. SourceContinue Reading
ChampionX’s Aerial Optical Gas Imaging (AOGI) platform has received approval from the U.S. Environmental Protection Agency (EPA) for the Methane Alternative Test Method outlined in OOOOb, marking a significant milestone in emissions management. SourceContinue Reading
Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said Saudi Aramco’s CEO in an earnings call. Oil use is set to rise by 1.3 million barrels a day (bpd) this year to just over 106 million bpd. SourceContinue Reading
The Texas Independent Producers & Royalty Owners Association (TIPRO) released the 10th edition of its “State of Energy Report,” offering a detailed analysis of national and state trends in oil and natural gas employment, wages and other key economic factors. SourceContinue Reading
EnerMech has been selected to carry out pre-commissioning work on the ONE GUYANA FPSO for Guyana Deepwater Operations, SBM Offshore’s subsidiary in Guyana. The FPSO is set to arrive in Guyanese waters this year. SourceContinue Reading
OPEC+ will proceed with plans to revive halted oil production after repeated delays, amid pressure from President Donald Trump to lower oil prices. The group led by Saudi Arabia and Russia will go ahead with the increase of 138,000 bpd in April, a delegate said. SourceContinue Reading
