OPEC+ nations that have persistently exceeded production quotas provided updated plans to make additional cutbacks in compensation. The pledged reductions should — in theory — offset the group’s plans to revive halted output through to the end of next year. SourceContinue Reading
Climate activist Follow This is calling for investors in bp Plc to vote against the reappointment of Chairman Helge Lund at next month’s annual general meeting, in a public rebuke to the company’s recent pivot back toward oil and gas. SourceContinue Reading
EnerMech has appointed Jason Jeow as its new VP for the Asia Pacific region. With decades of extensive experience in the energy and infrastructure sectors, Jeow will confer with regulatory bodies and environmental agencies as well as collaborate with business lines and local leaders. SourceContinue Reading
Baker Hughes announced Thursday a major, multi-year fully integrated completions systems contract with Petrobras. The award followed an open tender and will leverage Baker Hughes’ innovative completions technology portfolio and extensive experience in Brazil to optimize production across multiple deepwater fields. SourceContinue Reading
The Trump administration is poised to extend Chevron Corp.’s deadline to halt its Venezuela operations for at least another 30 days, following lobbying efforts by the Texas-based oil giant, people familiar with the matter said. SourceContinue Reading
Odfjell Technology has successfully deployed a 36” x 38” conductor pipe in Kuwait’s first offshore Jurassic well. The well received a custom-tailored solution to support the wellbore structure and prevent formations caving. SourceContinue Reading
Earlier this week, Egyptian President Abdel Fattah El-Sisi met with Prime Minister, Dr. Mostafa Madbouly, and Minister of Petroleum and Mineral Resources, Eng. Karim Badawi to discuss exploration activity, and particularly the “Fayoum 5” oil and gas field. SourceContinue Reading
Citadel has agreed to buy assets from closely held Paloma Natural Gas in a deal valued at about $1 billion, people familiar with the matter said. The acquisition gives the hedge fund access to acreage and producing assets, though it will not operate them directly. SourceContinue Reading
An analysis previously done by the U.S. Department of Energy that concluded only minor impact from increased LNG exports has now come to light, likely increasing criticism that Biden’s export pause was politically motivated. SourceContinue Reading
CEOs representing Canada’s energy industry sent a letter to Canadian federal political leaders outlining an urgent action plan to strengthen the nation’s economic sovereignty through rapid regulatory restructuring and investment in oil and natural gas infrastructure. SourceContinue Reading
