BP reported a stronger-than-expected net profit for the second quarter, beating analyst expectations. The energy firm announced a 10% increase to its dividend and hiked its share buyback program to the fourth quarter. BP’s low […]
Valaris has seen two more of its jackup rigs suspended in Saudi Arabia, after Aramco’s initial move to cut more than 20 units across eight contractors earlier this year. The New York-listed offshore driller said […]
Daily Standup Top Stories UAE Raises Capacity at Offshore Oilfield as It Aims for 5 Million Bpd by 2027 July 30, 2024 Mariel Alumit Abu Dhabi’s national oil company ADNOC has raised the production capacity at […]
Abu Dhabi’s national oil company ADNOC has raised the production capacity at one of its offshore oilfields by 25% using AI technology as the United Arab Emirates looks to boost its total crude oil production […]
Russian seaborne crude oil exports have dropped to their lowest level since August 2023, as Russia’s refinery runs are rising and Moscow is working to comply with its OPEC+ production quota, tanker-tracking data monitored by […]
bp has reported a profit of $2.756 billion (£2.14bn) for the second quarter, up from $2.5 billion (£1.9bn) last year and higher than the $2.723 billion (£2.12bn) reported in the first quarter. This result is […]
Bolivia’s Mayaya Centro gas discovery, with an estimated 1.7 trillion cubic feet of gross unrisked resource, provides hope for arresting declining production and boosting reserves. Mayaya Centro is part of YPFB’s Upstream Reactivation Plan, which […]
Subsea Integration Alliance, a non-incorporated tie-up between Subsea 7 and SLB’s OneSubsea has secured a new contract from UK supermajor BP for work on the Murlach development in the UK North Sea. The deal worth […]
(WO) – Helmerich & Payne, Inc. and KCA Deutag International Limited (“KCA Deutag”) today announced a definitive agreement under which H&P will acquire KCA Deutag for $1.9725 billion in cash. KCA Deutag is a diverse […]
Another week, another deal! Grayson Mill finally decided to divest after floating out in mid-January that they were looking at an exit, and EnCap got everything they wanted! John Ferrell (CEO and Co-Founder of Well […]
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