Buoyed by high prices and rising energy demand, offshore operators and international oil companies are advancing plans for field development projects, and 2023 looks to be a busy year for offshore construction projects. With that […]
A Dutch court has suspended a proposed gas drilling and extraction project in the North Sea due to the uncertain impact of nitrogen compound emissions. The offshore gas project was designed to run entirely on […]
Pioneer Natural Resources (NYSE:PXD) has been making headlines lately as Security National Bank increased its stake in the company by 5.5% in the fourth quarter. According to the latest Form 13F filing with the Securities […]
ENB Pub Note: This is a perfect example of people fleeing California due to the high energy cost and then bringing their failed energy policies and voting practices with them to destroy states. […]
The Permian basin has not yet seen peak oil production, according to Occidental’s chief executive Vicki Hollub. The executive believes that growth in the play’s production rates will even offset declines in other shale basins across the […]
The oil giant has held preliminary talks with Pioneer Natural Resources Co. PXD 5.79% , a Texas fracker with a roughly $52 billion market capitalization, about a potential acquisition, The Wall Street Journal reported last week. Exxon, which has been […]
On April 10, 2023, reports emerged that Mizuho had lowered the target price for Occidental Petroleum (NYSE:OXY) from $83.00 to $79.00. This move comes as the oil and gas producer has recently announced quarterly earnings […]
BW Energy said Monday it had fulfilled the first oil delivery from the Hibiscus/Ruche field, in the first phase of the project offshore Gabon. “Production performance from the first well has been in line with […]
Offshore drilling contractor Valaris is preparing to start its contract with Brunei Shell Petroleum, a subsidiary of the UK-headquartered oil major Shell, as a jack-up rig, which was hired for this assignment, has embarked on […]
InterMoor, part of Acteon’s engineering, moorings and foundations division, has secured a contract extension with Chevron for a decommissioning scope in Thailand. Source: Acteon Following the completion of Phase 1 decommissioning work in 2021 in the Gulf […]
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