Saudi Arabia and its partners will gather on June 2 — a day later than initially planned — to review roughly 2 MMbpd of production curbs, introduced to stave off a surplus and shore up crude prices. Crude traders expect the cutbacks will be maintained, and several delegates who asked not to be identified predicted...Continue Reading
Colombia is targeting oil productiton of 1 MMbpd by pressuring drillers to step up activity in underused exploration blocs, according to the nation’s top energy official. SourceContinue Reading
Petrobras’s board of directors appointed Magda Chambriard as the state-controlled oil giant’s next chief executive officer, who enters the job with a clear mandate to ramp up investments in sectors including refining. SourceContinue Reading
Energy Workforce & Technology Council President Tim Tarpley issued a statement in response to Energy Secretary Jennifer Granholm’s testimony before the U.S. House Committee on Oversight. During the hearing, Representatives discussed the ongoing LNG export permit pause, the push towards electric vehicles and energy appliance standards. SourceContinue Reading
By securing the additional fabrication facility, HSM Offshore Energy is positioning itself to meet the increasing demand in the offshore renewable market, focusing on the offshore wind, gas, carbon capture and storage (CCS) and hydrogen segments in the North Sea and Baltic Sea. SourceContinue Reading
“Texans can rest assured that the RRC and other state agencies won’t lift a finger to help with this nonsense, because the Texas Energy Independence Act prohibits state agencies from facilitating any effort that would undermine Texas oil and gas production,” Commissioner Wayne Christian said. SourceContinue Reading
Repsol recently signed a deal with state-owned Petroleos de Venezuela SA that adds jointly managed fields to its operations. In the next few months, the assets are expected to produce 20,000 bpd, doubling what the European major currently produces in one of its three ventures, Chief Executive Officer Josu Jon Imaz said in a call...Continue Reading
On the back of recent investments, exploration and production updates and strong willingness by the government, the Republic of Congo is taking historic measures to ensure its oil and gas industry drives resource monetization and energy access throughout Africa SourceContinue Reading
Baker Hughes’ awarded scope includes the supply of 20 compression trains based on Frame 5 gas turbine and BCL compressor technology, which will be installed across three gas boosting stations within the Hassi R’ Mel natural gas field. SourceContinue Reading
President Javier Milei, who’s just months into a four-year term, pledges to go where no Argentine leader has successfully ventured for three decades by deregulating the country’s tightly controlled economy. But his signature legislation, which would stamp his libertarian vision on the economy — including free oil markets — still needs to win approval in...Continue Reading
