Exxon Mobil Corp. is looking for opportunities to acquire smaller rivals, a year after buying Pioneer Natural Resources Co. for $60 billion, Chief Executive Officer Darren Woods said. SourceContinue Reading
Partners in Kazakhstan’s second-largest oil field won a case in a local court over environmental fine that could have exceeded $4 billion, the venture said. SourceContinue Reading
SLB has acquired Stimline Digital AS, a leading cloud-based software company for the energy sector specializing in well intervention. SourceContinue Reading
Exxon pumped more oil than it has in any second quarter since the historic Mobil takeover more than 25 years ago. Meanwhile, Chevron also lifted output to an all-time high of almost 4 million bpd. Shares of both companies climbed. SourceContinue Reading
Ivory Coast and Eni SpA signed a contract for the acquisition of a new offshore oil-exploration block, according to minutes from a cabinet meeting. The deal has a duration of three years in the first phase and includes a minimum $20 million investment. SourceContinue Reading
The U.S. sealed a trade deal with Pakistan as their officials wrapped up talks in Washington, agreeing to develop oil reserves. The pact involves a reduction of the so-called reciprocal tariffs, especially on Pakistani exports, according to a statement. SourceContinue Reading
In a first for both the region and the client, Strohm has completed fabrication of the first 13 water alternating gas injection (WAG) thermoplastic composite pipe (TCP) Jumpers for ExxonMobil’s Yellowtail field offshore Guyana. SourceContinue Reading
German energy company Uniper and Tourmaline Oil Corp., Canada’s largest producer of natural gas, have finalized an eight-year physical gas agreement for 80,000 MMBtu per day beginning in November 2028. SourceContinue Reading
The review comes as Namibia pursues first oil production from its Orange Basin discoveries by 2029 and is geared towards strengthening the competitiveness of investing in the country’s upstream petroleum sector. SourceContinue Reading
The strategic merger between Repsol Resources UK and NEO Energy is complete, in a deal that will create one of the largest producers on the UK Continental Shelf (UKCS). The combined group has been renamed NEO NEXT Energy Limited. SourceContinue Reading
