Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the decade. SourceContinue Reading
Turkey, seeking to extend its influence in Africa and strengthen energy security, will send the 86 m long research vessel Oruc Reis to explore offshore oil and gas blocks belonging to Somalia next month. SourceContinue Reading
A second liquefied natural gas tanker left an export terminal in northern Russia that’s subject to U.S. sanctions, ship-tracking data show. SourceContinue Reading
Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the decade. SourceContinue Reading
Subsea7 has secured a contract in the U.S. Gulf of Mexico for an offshore project involving the installation of critical subsea infrastructure. SourceContinue Reading
Autry Stephens, the petroleum engineer raised on a Texas peanut and watermelon farm who became the richest U.S. oilman, has died. He was 86. SourceContinue Reading
The Railroad Commission of Texas (RRC) has imposed more than $2 million in fines on operators and businesses for violations within the state’s oil and gas industry. SourceContinue Reading
Mach Natural Resources LP has announced its second-quarter results, showcasing solid upstream performance while adjusting its 2024 operational plans. The company also divested a portion of its Western Anadarko acreage for $38 million. SourceContinue Reading
Offshore oil contractor Borr Drilling Ltd. expects almost a third of the world’s fleet of shallow-water rigs to be retired in the coming years because of their age, leading to higher daily leasing rates. SourceContinue Reading
