Halliburton has named Stephanie Holzhauser as its newest senior VP and chief accounting officer, effective July 16. “Stephanie plays a critical role in the finance and accounting organization and in the company’s success,” said Eric Carre, Halliburton’s executive VP and CFO. SourceContinue Reading
MidOcean Energy, a liquefied natural gas company founded by private equity firm EIG and backed by Saudi Aramco, has emerged as the frontrunner to buy a minority stake in Petronas’ Canadian business, people familiar with the matter said. SourceContinue Reading
Oil prices dropped as U.S. President Donald Trump reignited his global trade war, while his latest plan to pressure Russia into a ceasefire with Ukraine didn’t include new measures aimed directly at hindering Moscow’s energy exports. SourceContinue Reading
MidOcean Energy, a liquefied natural gas company founded by private equity firm EIG and backed by Saudi Aramco, has emerged as the frontrunner to buy a minority stake in Petronas’ Canadian business, people familiar with the matter said. SourceContinue Reading
Azule Energy, a joint venture owned equally by bp and Eni, has made a major gas discovery at its Gajajeira-01 exploration well, offshore Angola. The results confirm the presence of hydrocarbons and open new exploration opportunities in the area, Azule said in a statement Monday. SourceContinue Reading
Falcon Oil & Gas Ltd. has completed successful flow-rate tests and commenced its 2025 drilling campaign in Australia’s Beetaloo sub-basin. The flow rate results are comparable to top shale wells in the U.S., and the three-well drilling campaign will be the largest in the Beetaloo to-date, said Falcon’s CEO. SourceContinue Reading
Tullow Oil and Kenya’s Gulf Energy Ltd. have secured an extension to submit a development plan for fields in Kenya, a crucial step to completing a sale of the assets. Tullow agreed to sell the oil deposits to Gulf Energy in April, after struggling for more than a decade to bring them on stream. SourceContinue Reading
Expro has been awarded a major three-year contract by Woodside Energy in support of the Trion deepwater oil and gas development offshore Mexico. Expro will provide industry-leading tubular running services (TRS) and cementing services for what will be Mexico’s first deepwater oil production facility. SourceContinue Reading
Saudi Arabia raised crude output far above its OPEC+ quota last month, joining other producers in a rush to export oil out of the Persian Gulf as Israel went to war with Iran, according to the International Energy Agency. SourceContinue Reading
bp Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, offering a boost for the energy major struggling to reverse years of underperformance. SourceContinue Reading
