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Oil Price
Occidental CEO Warns US Is at Risk of Losing Energy Independence
Occidental Petroleum Corp. warned that US energy independence is at risk of slipping away if shale output plateaus and begins to decline.It’s going to sta…
Crude Oil
Petrobras Announces $3.4 Billion in Extraordinary Dividends
Petroleo Brasileiro SA announced 20 billion reais ($3.4 billion) in extraordinary dividends in a sign that Brazil’s state-controlled oil giant will contin…
Decarbonization
Funding Helps School Decarbonise Heating With Air Source Heat Pumps
A secondary school in Ruthin, North Wales, has replaced its gas boilers with renewable air source heat pumps, thanks to funding from the Welsh GovernmentImage: …
Crude Oil
TechnipFMC Bags $1b Contract For Totalenergies' Suriname Project
TechnipFMC plc has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract from TotalEnergies for its GranMorgu project …
Natural Gas
TGS Wins Major Seismic Contract For ONGC Offshore India Gas Field
TGS announced today they have won a significant seismic survey/3D streamer contract for ONGC in the Mahanadi basin, offshore India. The Ramform Sovereign is sch…
Oil & Gas Trade
Nigeria’s Dangote Plant Buys US Oil for First Time in 3 Months
Nigeria’s giant Dangote refinery purchased its first shipment of US oil after a hiatus of three months as the site continues to ramp up production.The pla…
Crude Oil
Exxon Withdraws From Offshore Suriname Oil-Exploration Block
Exxon Mobil Corp. withdrew from an oil-exploration block off the coast of Suriname, not far from where it discovered more than 11 billion barrels in Guyanese wa…
Natural Gas
Arbitration Claims Against LNG Exporter Venture Global Reach Close to $6 Billion
Pending arbitration claims against liquefied natural gas exporter Venture Global LNG Inc. from several of its customers have grown to nearly $6 billion, accordi…
Crude Oil
Ovintiv to Acquire Alberta Montney Assets for $2.4B
Ovintiv Inc. is acquiring Montney assets in Alberta from Paramount Resources Ltd. in an all-cash transaction valued at approximately $2.377 billion (CAD 3.325 b…
Oil & Gas Supply
BlackRock, Block, Ripple, Samsara Join SAF Buyers Alliance
BlackRock, Block, Ripple and Samsara have signed up for the Sustainable Aviation Buyers Alliance (SABA) after purchasing SAF certificates (SAFc’s) for sup…
Oil Price
World's Top Oil Refining Hub Is Running Hard as Exports Boom
US Gulf Coast refineries are running the hardest for this time of the year in more than three decades as they rush to take advantage of strong fuel demand from …
Oil & Gas Supply
Global OTEC Launches New Power Module For Sustainable Offshore Oil And Gas
Global OTEC has announced its latest advancement in sustainable power for offshore energy exploration and production at the first Brazilian Workshop on Geotherm…
Oil & Gas Technology
Championx Boosts Permian Basin Production Capability By Nearly 10% While Reducing Emissions
ChampionX has completed a multi-million-dollar transformative project to enhance its chemical manufacturing hub in the Permian Basin. The project is a key initi…
Oil & Gas Trade
ONEOK Agrees to Sell Interstate Gas Pipelines To DT Midstream For $1.2 Billion
ONEOK Inc. has signed an agreement to sell its three wholly owned interstate natural gaspipelinesystems to DT Midstream Inc. for $1.2 billion in cash. The deal,…
Oil&Gas Drilling
Landbridge To Acquire Permian Acreage Valued At $245 Million From VTX Energy
LandBridge today announced it has entered into a purchase and sale agreement to acquire approximately 46,000 largely contiguous surface acres in the Southern De…
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