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Saudi Arabia announces further output cuts in a bid to secure oil prices
Saudi Arabia plans to cut oil production by an additional one million barrels per day (bpd) for the month of …
New Fortress Energy’s LNG project gets Mexico export permit
US energy company New Fortress Energy (NFE) has secured export permit authorisation from Mexico’s Ministry of Energy (SENER) for its …
Black Bear Transmission sells natural gas gathering assets to Skye MS
US-based Black Bear Transmission has divested natural gas gathering assets in the US to Mississippi-based Skye MS. Under the deal, Skye …
Suncor Energy plans to cut 1,500 jobs by end of 2023
Canadian oil producer Suncor Energy is planning to axe 1,500 jobs by the end of this year to cut costs …
Aker Solutions renews subsea supply agreement with Aker BP
Norwegian engineering company Aker Solutions has agreed to extend a frame agreement with Aker BP pertaining to subsea production systems. The …
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OPEC+ bans media outlets from Vienna meetings
The Organisation of Petroleum Exporting Countries (OPEC+) has banned several prominent news outlets from attending its meetings this weekend in …
Exxon looks to use advance technologies to double US shale output
Exxon Mobil is looking to double its shale production capacity in US over a period of five years, using new …
Trinidad and Tobago urges US to amend Dragon gas project license
Trinidad and Tobago is urging the US government to amend the terms of a license authorising the joint development of …
CNOOC commissions China’s first carbon storage facility
China National Offshore Oil Corporation (CNOOC) has announced the commissioning of an offshore carbon capture and storage (CCS) project. The development marks China’s …
Canada supports Trans Mountain Expansion project with $2.2bn in funding
The Canadian Government has committed to providing additional funding of up to $2.24bn (C$3bn) for Trans Mountain Corp’s (TMC) oil …
Grand Isle LNG unveils plan for export facility in US
Grand Isle LNG has unveiled plans to build a liquified natural gas (LNG) export facility in the US Gulf of …
Petrofac secures services contract extension for FPSO offshore Thailand
Petrofac has secured a contract extension for the operations and maintenance (O&M) services on the FPF-003 floating production, storage and …
Texaco Q&A: Eddy Devriese talks oil analysis, cost savings and electrification
How does Texaco support customers with ongoing maintenance? A significant string to our bow is the Texaco Oil Analysis Program, LubeWatch. …
Buzios5 oilfield offshore Brazil commences production
China National Offshore Oil Corporation (CNOOC) has announced commencement of production at the Buzios5 well. The project is the fifth phase …
Overall positive outlook for upcoming upstream oil and gas projects as per GlobalData
The investment decisions in the oil and gas industry depend on oil prices, which are influenced by global factors, including …