OPEC MOMR: OPEC’s crude production fell in November for the first time in months. OPEC: U.S. oil output continued to reach new highs. Venezuela and Libya, which are exempted from the OPEC+ deal, saw their […]
(WO) − Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for a phased campaign to deliver three wells in the Great White unit designed to boost oil production at […]
Yahoo Finance (Bloomberg) — BP Plc’s former Chief Executive Officer Bernard Looney will forfeit as much as £32.4 million ($40.6 million) in pay after resigning in September because he lied about his personal relationships with […]
(WO) – OMV Petrom has made significant progress in developing the Neptun Deep project. The company has signed an agreement with an estimated value of $350.45 million for the semi-submersible drilling rig Transocean Barents for a minimum […]
(WO) – Neptune Energy, along with partners Wintershall Dea, Pandion Energy, Aker BP and DNO, announced a new discovery at the Kyrre prospect and confirmed the volumes for the Ofelia appraisal well, both located in […]
Oil Price The Permian basin saw a surge in mergers and acquisitions this year, with the total value already exceeding a record $100 billion, led by the mega deals announced by ExxonMobil and Chevron, energy […]
World Oil (Bloomberg) – Drilling rights in the U.S. Permian basin are commanding prices not seen since the worldwide pandemic crushed oil markets more than four years ago. Occidental Petroleum Corp.’s $10.8 billion takeover of CrownRock […]
Daily Standup Top Stories House passes bill barring imports of Russian uranium for nuclear power December 12, 2023 Mariel Alumit The House on Monday passed legislation that would bar imports of Russian uranium for nuclear power […]
(WO) — The Energy Workforce & Technology Council’s monthly jobs report reveals a surge of 1,286 jobs in the U.S. oilfield services sector for November. This growth, based on preliminary data from the Bureau of […]
(Bloomberg) — The border dispute between Venezuela and Guyana is unlikely to escalate into a military conflict despite the growing hostile rhetoric between the South American nations, says Chevron Corp.’s top executive. “These things are […]
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