(Bloomberg) – Chevron Corp. plans to cut its global workforce by 15% to 20% by next year, as part of a broader cost reduction strategy. Chevron recently relocated its headquarters from Calif. to Houston, Texas, and is targeting between $2–3 billion in cost reductions by 2026. SourceContinue Reading
STRYDE has secured a major contract to supply 42,000 autonomous nodes to Smart Seismic Solutions (S3). The nodes will be deployed on a 3D high-density seismic survey for the CarbonCuts CO₂ Storage Project onshore in Denmark. SourceContinue Reading
ADNOC Gas has signed a 14-year sales and purchase agreement (SPA) with Indian Oil Corporation for the export of up to 1.2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to India’s largest integrated and diversified energy company. SourceContinue Reading
The U.S. expects bigger oil surpluses than it previously projected for this year and in 2026, driven by continued growth in American and non-OPEC production and projections that sanctions won’t likely dent Russian output. SourceContinue Reading
Hilong Offshore, a subsidiary of China-based Hilong Group, has secured a transportation and installation contract for phase two of Eni’s Congo LNG project. The deal is valued at approx. $55 million USD (400 million yuan). SourceContinue Reading
(Bloomberg) – BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while refusing to comment on an analyst’s question about whether he’s had engagement with activist Elliott Investment Management. SourceContinue Reading
TGS announced it has been awarded two 4D streamer contract acquisition projects, one in the North Sea and one in the Norwegian Sea. The 4D projects are scheduled to be acquired back-to-back and commence in June. SourceContinue Reading
Equatorial Guinea is aiming to revitalize its upstream sector, with plans to launch a new licensing round in 2025 aimed at increasing E&P activity. Equatorial Guinea’s last licensing round, held in 2019, offered 27 blocks for exploration and attracted significant industry interest. SourceContinue Reading
The 2025 Offshore Technology Conference (OTC) Board of Directors has selected its Distinguished Achievement Award (DAA) recipients. The recipients will be honored during the OTC Opening Ceremony Monday, 5 May 2025 at NRG Center in Houston, Texas. SourceContinue Reading
(Bloomberg) – Dar Petroleum Operating Co. has resumed producing oil from a number of its wells in South Sudan after almost a year, people with knowledge of the matter said. SourceContinue Reading
