As politics calms, oil output in Libya exceeds one million barrels per day
Libya’s oil production has risen above one million barrels per day (mbbl/d) for the first time since August, as political …
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Chevron shutters Gulf of Mexico oil platform as Hurricane Milton approaches
Chevron has closed an oil platform in the US Gulf of Mexico and evacuated all personnel from the facility in …
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McDermott to sell CB&I storage unit to Mason-led consortium for $475m
McDermott International has entered into an agreement to sell its CB&I storage business unit to a consortium led by Mason …
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When will crude-oil-to-chemicals refineries come to the fore?
What happens to an industry that can see a major source of its revenue drying up in the coming years? …
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Saudi Arabia plans multi-billion green hydrogen venture
Saudi Arabia is poised to make a multibillion-dollar investment in green hydrogen, with plans to establish a new company dedicated …
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When will crude-oil-to-chemicals refineries come to the fore?
What happens to an industry that can see a major source of its revenue drying up in the coming years? …
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Saudi Arabia plans multi-billion green hydrogen venture
Saudi Arabia is poised to make a multibillion-dollar investment in green hydrogen, with plans to establish a new company dedicated …
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BP awards iEPCI contract for Kaskida development to TechnipFMC
TechnipFMC has secured an integrated engineering, procurement, construction and installation (iEPCI) contract from BP for the Kaskida development in the …
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Chevron agrees to sell assets to Canadian Natural Resources for $6.5bn
Chevron Canada, an indirect subsidiary of US energy major Chevron, has signed a definitive agreement to sell its assets in …
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Dropping global demand sees Shell’s refining profit margins drop by 30%
Shell's refining profit margins dropped by almost 30% in the third quarter of 2024 (Q3 2024) compared with the previous …
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Eni gets UK Government funding for Liverpool Bay CO₂ project
Italian oil and gas company Eni has secured funding from the UK Government for the Liverpool Bay carbon dioxide (CO₂) …
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BP scales back its energy transition, abandons oil and gas targets
Oil major bp has pulled back from its promise to cut oil and gas output by 40% while rapidly growing …
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Gazprom assessing whether to monetise gas from Tambeiskoye field
Russian state-owned oil and gas giant Gazprom is planning to assess the option of monetising gas from the Tambeiskoye field …
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Velesto signs MOU with SLB to boost drilling rig performance
Velesto Energy, through its subsidiary Velesto Drilling, has entered into a memorandum of understanding (MOU) with SLB, aimed at enhancing …
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Bapco Upstream awards $288m EPCC contract to China’s Jereh
Bapco Upstream has awarded a $288m (BD108.56m) contract to Jereh Oil & Gas Engineering, a unit of the Chinese oilfield services …
