Chevron-Led Group Says Honoring Cyprus Agreement with $4B Aphrodite Plan
Chevron and its partners in the gas field submitted a development plan with an estimated investment of $4 billion, after failed talks for cost-saving changes to the original terms approved by Cyprus.
Libya National Oil Corp Declares Force Majeure on El-Feel Field
NOC indefinitely closed down El-Feel, weeks after shutting down the Sharara field, amid political tension.
Kyle Bass Says Blackballing Oil Has Proved a Bad Bet for ESG
'There were all of these idiots that were just saying, if anyone is doing hydrocarbons, we're going to blackball them from doing business or from receiving capital'.
Sage to Provide Geothermal Power to Meta
Sage said it plans to utilize its proprietary Geopressured Geothermal System (GGS) to provide carbon-free power to Meta's data centers.
North America Posts WoW Rig Loss
North America dropped one rig week on week, according to Baker Hughes' latest rotary rig count.
Equinor to Downsize Renewables Unit, Begins Talks With Unions
The Norwegian company becomes the latest European oil and gas producer to adjust its clean-energy strategy.
Oceaneering Bags Multiple Contracts in UK, Norway
The contracts were awarded by multiple operators in the region.
McKinsey Research Reveals Energy Sector Reality Gap
The analysis focuses on Europe and the United States.
US EPA Extends Waiver Allowing Sale of Gasoline with Lesser Oil Content
E15 gasoline can be sold during the summer through mid-September across the U.S.
Arizona Rolls Out Home Electrification, Appliance Rebates Program
Initially the program will provide rebates for the installation of heat pumps to replace air conditioning units for Arizonans who meet the income criteria.
Hunting Secures $60MM of Organic Oil Recovery Contracts
The OOR process is a proven enhanced oil recovery (EOR) technology that optimizes reservoir performance, improves recovery rates and reduces in-situ hydrogen sulphide levels for operators.
UK Oil Regulator Launches Decom, Enforcement Consultation
The consultation launched on August 29 and will end on October 31.
SLB Launches Solution for CCUS Well Assessment
'SLB's well integrity assessment solution can help storage developers avoid costly delays or operational disruptions, and drive companies toward their net zero ambitions'.
Falcon, Tamboran Launch New Drilling Campaign in Beetaloo Sub-Basin
The partners spudded the Shenandoah South 2H horizontal well under exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia.
ADNOC Nears Completion of Due Diligence on Potential Covestro Acquisition
ADNOC could move forward with a $ 13 billion offer for Covestro as soon as September.
Russian Taxes Unfair to Oil Companies, Rues Rosneft Chief
Igor Sechin said the tax burden is so hefty it tramples investor rights.
Uniper Opens Demo Hydrogen Storage Plant in Germany
The plant, where a gas mixture of natural gas and hydrogen is stored in a pore storage facility, serves to prepare commercial storage projects for hydrogen.
ADNOC Deploys AI-Enabled Process Optimization Tech
The solution reduces operational downtime and cuts the need for manual inspections.
Shell Set to Cut 20 Pct of Jobs in Some Oil and Gas Divisions
Shell Plc is set to cut around 20 percent of its workforce in some oil and gas exploration and development divisions.
Oil Fell Sharply on Expected OPEC+ Output Increase
Delegates suggested this week that increases will proceed in Q4.
