American Petroleum Institute (API) President and CEO Mike Sommers addressed the Economic Club of Pittsburgh where he discussed rising electricity demand driven by the AI revolution and detailed policy solutions for the Trump administration and new Congress to power America’s energy future. SourceContinue Reading
In a highly anticipated presentation, BP CEO Murray Auchincloss reversed a plan to shrink oil and gas production and cut investments in low-carbon energy, but also slashed the quarterly share buyback, dimming the appeal to investors. SourceContinue Reading
U.S. President Donald Trump said he plans to revoke an oil license to operate in Venezuela, citing the country’s failure to take back migrants to the U.S. as quickly as it promised. Under the terms of the license, Chevron would have to exit Venezuela by the end of July. SourceContinue Reading
TDI-Brooks has effectively and safely carried out a third-party geotechnical coring project for Geohidra. This operation was conducted from the Dragon Field to the Hibiscus platform off the coast of Venezuela and Trinidad, aboard the Dona Jose II (DJII). SourceContinue Reading
Oxford Flow has secured an order valued at nearly $1 million USD for its ES stemless axial flow valves. The order from bp is a significant milestone in Oxford Flow’s expansion in the U.S market, and marks the company’s largest order to date. SourceContinue Reading
The energy transition will be more difficult, costly, and complicated than expected, according to a new article by from strategists at S&P Global. “The shift in the global energy system will not unfold in a linear or steady manner,” S&P Global writes. SourceContinue Reading
Diamondback Energy Inc. is in talks to form a power joint venture that would solve some of the shale giant’s own needs in the Permian Basin while also selling electricity to artificial intelligence data centers in West Texas. SourceContinue Reading
Woodside is preparing to give the go-ahead for its Louisiana LNG project as it looks beyond its core markets in Asia. “Louisiana LNG helps us to secure a material presence in the Atlantic Basin into European consumers,” CEO Meg O’Neill said in a Bloomberg TV interview. SourceContinue Reading
Brazilian regulators are cracking down on some offshore drilling by oil giants like Petrobras and Equinor ASA, complicating exploration and production projects at a key moment in the nation’s effort to boost crude output. SourceContinue Reading
bp today reached agreement on all contractual terms with Iraq to invest in several giant oil fields in Kirkuk providing for the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration. SourceContinue Reading
