OPEC+ will consider cutting oil output by more than 1 million barrels a day, according to delegates, when it meets in person on Wednesday for the first time in more than two years. SourceContinue Reading
Skyrocketing oil prices have helped make oil and gas producers the best performers in the stock market this year, triggering a rapid rise in dividend payments and a bonanza of special dividends. SourceContinue Reading
The American Petroleum Institute (API) and American Fuel & Petrochemical Manufacturers (AFPM) released a statement after a meeting that included Secretary of Energy Jennifer Granholm, senior White House officials and leaders of the top U.S. refining companies. SourceContinue Reading
Salunda Limited announced an exclusive license agreement with Transocean to make, develop and sell HaloGuard®, the offshore drilling industry’s first safety system that integrates camera and sensor technology with drilling equipment and machine controls. SourceContinue Reading
Skyrocketing oil prices have helped make oil and gas producers the best performers in the stock market this year, triggering a rapid rise in dividend payments and a bonanza of special dividends. SourceContinue Reading
Belgian and Danish government representatives have entered into a ground-breaking agreement to enable captured CO2 to be shipped across their borders to be permanently stored in a sandstone reservoir 1800 meters beneath the seabed of the Danish North Sea. SourceContinue Reading
Record exports of Norway’s Johan Sverdrup crude oil are set to help meet European refineries’ needs as a deadline to phase out Russian supplies draws closer. SourceContinue Reading
Energy services provider Expro has successfully completed the plug and abandonment of Ireland’s first indigenous gas wells. Expro provided the delivery of integrated subsea and well test services over an eight-month period. SourceContinue Reading
Traci Rodosta, Storage and Testing Infrastructure Program Manager for the U.S. Department of Energy Office of Fossil Energy, delivered a keynote titled, “Addressing key gaps on the critical path towards carbon capture and storage deployment.” SourceContinue Reading
OPEC+ has begun discussions about lowering oil output when it meets next week, as a fragile global economy continues to weigh on crude prices. SourceContinue Reading
