Citing the latest report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) indicated a decrease in upstream employment in Texas in June following two months of consecutive job growth. SourceContinue Reading
ExxonMobil released a formal statement on Friday following a ruling by the International Chamber of Commerce (ICC) Tribunal related to its contractual dispute with Hess Corporation over interests in the Stabroek Block offshore Guyana. SourceContinue Reading
SLB, the world’s largest oil-services provider, sees resiliency in the industry and remains constructive about the second half of 2025 despite uncertainties in customer demand. SourceContinue Reading
ExxonMobil released a formal statement on Friday following a ruling by the International Chamber of Commerce (ICC) Tribunal related to its contractual dispute with Hess Corporation over interests in the Stabroek Block offshore Guyana. SourceContinue Reading
bp Plc has agreed to sell its U.S. onshore wind business to LS Power, as the company continues efforts to pivot back toward its core oil and gas business and reverse years of share underperformance. SourceContinue Reading
Chevron has won its arbitration battle with ExxonMobil and successfully closed its $53 billion deal to buy Hess Corp. more than 20 months after the takeover was announced. Acquiring Hess and its stake in Guyana significantly increases the quality of Chevron’s oil assets beyond the Permian basin, analysts said. SourceContinue Reading
“The revisions announced will do much to streamline the program and ensure taxpayer funds are used efficiently to plug as many orphaned wells as possible,” wrote Railroad Commission of Texas Chairman Jim Wright. SourceContinue Reading
Helix Robotics has entered into an agreement with Denmark’s NKT for the T3600, designed to be the world’s most powerful subsea trencher. The agreement covers installation, offshore operations, project engineering and maintenance of the T3600 subsea trencher for a period of four years. SourceContinue Reading
Eni SpA’s deal to sell half of its carbon capture and storage unit to BlackRock Inc.’s Global Infrastructure Partners will likely value the business at around $1.2 billion (€1 billion), according to people familiar with the matter. SourceContinue Reading
Wind and solar projects being constructed on federal land will be required to undergo a new review process at the Interior Department, under a new Trump administration directive that could slow the approval of projects. SourceContinue Reading
