U.S. President Joe Biden said he’s disappointed by the surprise OPEC+ decision to slash oil production but that he doesn’t regret a trip to Saudi Arabia just three months ago in which he urged its leaders to keep crude flowing. SourceContinue Reading

(WO) — During a Tuesday afternoon “Special Session” at SPE’s Annual Technical Conference and Exhibition, an ExxonMobil manager explained why faster carbon capture and storage (CCS) development will require hub projects with larger scales. SourceContinue Reading

Brazilian state-owned oil and gas producer Petrobras awarded Sembcorp Marine Rigs & Floaters Pte, a wholly-owned subsidiary of Sembcorp Marine, a $3.05 billion contract for the P-82 FPSO vessel through an international tender. SourceContinue Reading

Dolphin Drilling secured a year-long, $96 million contract with Nigerian based General Hydrocarbons Limited for the Blackford Dolphin rig. The contract will commence in the fourth quarter of this year. SourceContinue Reading

Subsea7 announced that the heavy construction/flex-lay vessel Seven Arctic is to be equipped with a new energy-saving system. SourceContinue Reading

The American Petroleum Institute President and CEO Mike Sommers and American Fuel and Petrochemical Manufacturers President and CEO Chet Thompson sent a letter to U.S. Secretary of Energy Jennifer Granholm raising significant concerns that the administration could pursue a ban or limits on refined petroleum products. SourceContinue Reading

Speaking at the Energy Intelligence Forum, ADNOC CEO H.E. Dr. Al Jaber said market sentiment does not reflect the real underlying fundamentals, tight spare capacity and long-term demand growth. SourceContinue Reading

It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020, but will have a smaller impact on global supply than the headline number suggests. Several member countries are already pumping well below their quotas. SourceContinue Reading

Schlumberger announced it has entered into a partnership with Gradiant, a global water solutions provider, to introduce a key sustainable technology into the production process for battery-grade lithium compounds. SourceContinue Reading

Sustainable recovery and transforming the industry for the future was the theme of the opening general session Monday morning at the SPE Annual Technical Conference and Exhibition, at the George R. Brown convention center in Houston, Texas. SourceContinue Reading