Öresundskraft and INEOS will jointly investigate the opportunity to store up to 210,000 tonnes of CO₂ annually from Sweden in Denmark. The captured CO₂ is planned for safe and permanent storage in Greensand storage facility located in the Danish North Sea. SourceContinue Reading
bp today announced an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America/Gulf of Mexico. This discovery underscores bp’s renewed focus on upstream exploration, part of its strategy reset announced in February 2025. Chevron co-owns the Far South prospect with 42.5% interest. SourceContinue Reading
bp today announced an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America/Gulf of Mexico. This discovery underscores bp’s renewed focus on upstream exploration, part of its strategy reset announced in February 2025. Chevron co-owns the Far South prospect with 42.5% interest. SourceContinue Reading
Energy NL, Canada’s energy industry association, has issued a statement with details on its Budget 2025. CEO Charlene Johnson announced $90 million to be allocated over three years for offshore oil and gas exploration. SourceContinue Reading
Energy NL, Canada’s energy industry association, has issued a statement with details on its Budget 2025. CEO Charlene Johnson announced $90 million to be located over three years for offshore oil and gas exploration. SourceContinue Reading
The number of U.S. rigs drilling for crude fell by nine to 480 this week, the biggest drop since June 2023. Domestic oil prices have been hovering around the low $60s-a-barrel, below levels that energy executives have said they need to make new drilling profitable. SourceContinue Reading
Chevron Corp. was ordered to return nearly 1 million barrels of Venezuelan oil to Petroleos de Venezuela SA in a blow to the oil major, which was working to secure crude before wrapping up operations in the country when a U.S. sanctions deadline hits in May. SourceContinue Reading
Energy Transfer and MidOcean Energy have entered an agreement to jointly develop the Lake Charles LNG project in Louisiana. Under terms of the agreement, MidOcean would fund 30% of the construction costs and be entitled to receive 30% of the LNG production (approximately 5 MMtpa). SourceContinue Reading
Nabors and Corva AI are expanding their alliance with the launch of RigCLOUD® by Corva, a fully integrated drilling intelligence solution that combines Nabors’ edge and cloud computing platform with Corva’s AI-driven analytics. SourceContinue Reading
The Energy Workforce & Technology Council (EWTC) proudly recognized Scott Sheffield, former CEO of Pioneer Natural Resources, as a recipient of the 2025 Platinum Award, the Council’s highest honor. The award was presented during the EWTC Annual Meeting in Frisco, Texas, on April 10, 2025. SourceContinue Reading
