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Chevron gains 30% stake in Guyana’s “hottest” oil patch with $53 billion Hess acquisition

(Bloomberg) – The crown jewel of Chevron Corp.’s $53 billion acquisition of Hess Corp. is a piece of larger competitor Exxon Mobil Corp.’s pri.........【More】

2023-10-25

Oil steadies as U.S. attempts to contain Israel-Hamas conflict

(Bloomberg) – Oil steadied as the U.S. intensified diplomatic efforts to contain the crisis in Gaza, with President Joe Biden slated to visit Israel this .........【More】

2023-10-18

Tullow to sustain African oil production through asset rejuvenation, CEO says

(Bloomberg) – Tullow Oil Plc can sustain oil production at its West African hub through the next decade by focusing on asset rejuvenation, according to Ch.........【More】

2023-10-13

TGS reduces global offshore wind build-out forecast as supply costs delay projects

(WO) – Offshore wind specialist TGS - 4C Offshore has reduced its forecast for global offshore wind build-out for the next four years by nearly 25 % compa.........【More】

2023-10-10

IEA’s peak oil demand forecast “wilting under scrutiny,” Aramco CEO says

(Bloomberg) – Saudi Aramco Chief Executive Officer Amin Nasser said even though his company’s global oil consumption forecasts have been reduced ove.........【More】

2023-09-22

TotalEnergies, INPEX to increase interest in Australian LNG with PTTEP gas field acquisition

(WO) – TotalEnergies and INPEX have signed an agreement with PTTEP to acquire the 100% interest held by PTTEP in the AC-RL7 permit in Australia. Under the.........【More】

2023-08-22

Prospera Energy launches ten-well modular multi-pad infill drilling program to increase production

(WO) – Prospera announced the spudding of the first horizontal well of the ten well modular multi-pad infill drilling program in the latter part of this w.........【More】

2023-08-17

Strength and scale: Fleet growth and new contracts boost Seadrill profit

Seadrill booked a profitable second quarter as it continued to improve its financial performance in a recovering market.The New York-listed driller, which has b.........【More】

2023-08-15

CNPC reaches agreement with QatarEnergy

On June 20, CNPC signed cooperative documents with QatarEnergy on Qatar's North Field East LNG expansion project in Doha. Under the agreements, QatarEnergy .........【More】

2023-08-11

OPEC “cautiously optimistic” about oil demand amidst reopening of China

(Bloomberg) — OPEC’s top official said he sees a “more upbeat” economic outlook as China reopens after several years of virus restrictio.........【More】

2023-02-08