UK-based energy giant BP has announced it will cut its renewable energy investments and instead increase its investment in oil and gas production. The company buckled under pressure from investors who were unhappy over the […]
US supermajor ExxonMobil has announced a nearly $200m investment in the Kipper 1B Project, bringing online much-needed additional gas supply from the Gippsland Basin. The project, approved by ExxonMobil subsidiary Esso Australia and its co-venturers […]
Brazil’s state-owned oil and gas giant Petrobras has cancelled a tender for chartering an FPSO for the Barracuda-Caratinga revitalization project. Initially, Petrobras started the contracting process for the FPSO back in the summer of 2023 but […]
Daily Standup Top Stories Redrawing of global energy markets map set to heap benefits on US February 23, 2025 Clark Savage The prospects of peace and the return of Russian gas looks likely to serve the […]
ENB Pub Note: I had to change the title to “Gulf of America” as World Oil published with “Gulf of Mexico” – just trying to help. ConocoPhillips will sell its interests in the Gulf of […]
In this episode of Energy News Beat – Conversation in Energy, host Stuart Turley sits down with Rachel Collins, CEO of W Energy, discusses the company’s significant investments in integration, unveiling Stream Plus, a fully […]
Burgum suggests stronger USGS role to analyze the potential Says US public lands hold natural resources worth trillions Interior Secretary Doug Burgum touted a plan for mapping deposits of oil, gas and critical minerals on US federal […]
Daily Standup Top Stories Iranian Oil Exports to China are rolling February 19, 2025 Clark Savage Iranian crude oil flows to China have rebounded this month after a U.S. crackdown on shipments launched in late 2024 […]
Diamondback Energy, Inc. (NASDAQ: FANG) on Tuesday announced a deal to buy Double Eagle IV Midco in an acquisition valued at about $4 billion, which gives the buyer increased presence in the Midland Basin in the top-oil […]
New York-listed offshore driller Valaris has won several deals and contract extensions for its jackup rig fleet and revealed its plans to rid itself of four rigs. The company won a 600-day priced contract extension […]
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