bp Plc is off to a “great start” in its strategy reset and can follow through on the turnaround despite the recent drop in oil prices driven by U.S. President Donald Trump’s trade war, said Chief Executive Officer Murray Auchincloss. SourceContinue Reading

Subsea7 and SLB OneSubsea have secured a substantial engineering, procurement, construction and installation (EPCI) contract for bp’s Ginger project, offshore Trinidad and Tobago. bp’s Ginger development is located off the southeast coast of the island of Trinidad, at water depths of up to 90 meters. First gas is targeted for 2026. SourceContinue Reading

Woodside has made a final investment decision to develop the three-train, 16.5 million tonne per annum (MMtpa) Louisiana LNG development. Woodside is targeting first LNG in 2029. SourceContinue Reading

Petro-Victory has completed its acquisition of Capixaba Energia LTDA, a producing oil and gas asset in the Espírito Santo Basin. The acquisition was completed in partnership with BlueOak Investments, Petro-Victory’s strategic financial partner. SourceContinue Reading

U.S. President Donald Trump’s desire for lower crude prices and his disruption of the global economy with trade tariffs during the first quarter of 2025 is stressing the oil industry’s finances, calling into question both shareholder returns and drilling plans. SourceContinue Reading

Russia’s oil producers have been drilling wells at a pace not seen in at least five years as the nation readies for both a loosening of OPEC+ output limits and the possibility of relief from some international sanctions over its invasion of Ukraine.  SourceContinue Reading

Flotek has acquired power generation assets and related intellectual property from ProFrac GDM, a subsidiary of ProFrac, for $105 million. Flotek concurrently entered into an agreement for a six-year dry lease of the acquired assets with ProFrac GDM. SourceContinue Reading

Drillers in Canada’s Alberta energy region are shifting their focus to natural gas as the global trade war and OPEC+ output increase hammers crude prices. The number of licenses for new gas wells issued in Q1 rose 26%, according to Alberta Energy Regulator data. SourceContinue Reading

Ever since oil and gas majors announced massive hydrocarbon discoveries in Namibia’s offshore Orange Basin, interest in additional exploration in has been intense. Will negotiations stall, as we’re seeing all too often in African nations, or will the process move forward smoothly? SourceContinue Reading

Woodside Energy Group Ltd. is in talks with the overseas unit of Kuwait Petroleum Corp. for selling a stake in its proposed liquefied natural gas export project in the U.S., according to people with knowledge of the matter. SourceContinue Reading