Industry News

CNOOC has now announced five start-ups in Bohai waters this year.

'Proceeds from gas sales will amount to 4.6 trillion rubles ($45.8 billion), which is 155 billion rubles more than envisioned in the original financial plan'.

ProPetro signed a contract to provide electric hydraulic fracturing services to a Permian-focused oil and gas operator.

Methane emissions plunged 26 percent last year as companies tightened operations and deployed new technology to stop leaks of the potent GHG, according to a study.

The assets are in the prolific Lloydminster, Saskatchewan heavy oil region of Canada.

Petrofac signed a lock-up agreement with creditors laying the terms for a financial restructuring that includes new debt and equity.

'This joint venture is a groundbreaking achievement and is already paying dividends through the significant reduction in well delivery time as seen through the first wells being delivered in record time'.

ExxonMobil assumed ownership of FPSO Liza Destiny, after acquiring FPSOs Unity and Prosperity.

The UK government is giving carmakers eight weeks to submit views on the phase-out of new gasoline and diesel cars.

The completion of the module program keeps the Scarborough project on target to deliver first LNG in 2026.

State-run PTTEP expects to spend $5.3 billion in capital next year mainly on projects supporting domestic energy security, part of a $21.25 billion plan over the next five years that includes investment in energy transition.

Two consortiums with majority state-owned Equinor won two new exploration licenses for CO2 storage on the Norwegian side of the North Sea.

Oil executives from three of the nation's government-owned processors said they haven't been able to obtain enough Russian crude for January loading in the spot market.

Hydrogen companies worldwide are already struggling with canceled projects and sluggish demand.

Oil edged lower in thin pre-holiday trading.

'Employment fluctuations are normal and demand for talent remains high in the Texas oil and natural gas industry', TIPRO said.

'The Nuna project is the 49th drillsite developed within the KRU and is the first drillsite developed in the Greater Kuparuk Area in nearly a decade'.

India's state oil refiners are finding it hard to buy the volume of Russian crude they need, according to people familiar with the matter.

Expro said has been supplying subsea safety systems and well test equipment to the client for almost 15 years.

North America cut 25 rigs week on week, according to Baker Hughes' latest North America rotary rig count.