As the price of gas continues to seemingly hold steady at around three dollars a gallon, the pocketbooks of Americans continue to suffer. Regretfully, due to global conflict and the outbreak of wars across Europe and the Middle East, oil prices are continuing to climb upwards…
Oil major Chevron Corp said on Wednesday that it expects to spend between $18.5 billion and $19.5 billion next year on new oil and gas projects, an 11% increase on this year.Its 2024 budget and that of rival ExxonMobil reflect the industry's continuing rebound after pandemic-influenced pullbacks…
Britain's Octopus Energy has bought a 12.5% stake in the 660 megawatt (MW) Walney Extension offshore wind farm in the Irish Sea from a group of Danish pension funds, it said on Monday.Octopus bought the stake from AIP Management, the investment manager for Danish pension funds PKA and PFA…
Genesis is a 24 VDC, Time Domain Reflectometry (TDR) – based, Multiphase Detector which is designed to measure multiple phases in applications with thick and dynamic emulsion layers:Vapor phaseTotal level (e.g., hydrocarbon liquid)Top of emulsion layerBottom of emulsion layer (e…
Exxon Mobil CEO Darren Woods' first five years at the oil company were marred by missed oil production targets, an investor rebellion and the company's biggest-ever financial loss.Redemption came this year when - aided by a share price pumped…
ExxonMobil will target annual project spending of between $22 billion and $27 billion through 2027, the company said in an update that largely continues existing spending and production goals.The plan leaves out projected gains from the $60 billion acquisition of Pioneer Natural Resources PXD…
Suncor Energy said that the Terra Nova Floating, Production, Storage and Offloading vessel has safely restarted following the completion of the Terra Nova Asset Life Extension project. Production is expected to ramp up over the coming months…
Shell has almost finished extensive maintenance at its Prelude floating liquefied natural gas (FLNG) facility off Australia and is set to resume exports next month, according to industry sources and shipping data.The timing of the giant floating…
Investors are increasingly pessimistic about the outlook for crude oil prices as doubts grow OPEC+ will cut production enough to offset rising non-OPEC output and a deteriorating economic outlook.But many professional money managers are more optimistic about refined fuel prices…
Karoon Energy announced deals worth $720 million on Thursday to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia.The oil and…
Shares in chemicals giant BASF rose on Friday after a report that Abu Dhabi National Oil Co (ADNOC) is exploring an acquisition of the German group's energy business, Wintershall Dea. BASF stock was up 1.2% at 0855 GMT, with traders pointing…
African members of OPEC+ producer group Angola and Nigeria are aiming for higher oil output, officials told Reuters on Thursday, as the countries are locked in talks with the group about their production quotas for next year.The comments came…
Italy's Eni has temporarily halted arbitration regarding an oilfield dispute with the Nigerian government, buying time to discuss a conversion of the license from prospecting to mining, sources with direct knowledge of the matter told Reuters…
U.S. oil major ExxonMobil said Tuesday it had started production at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day. The company's third FPSO…
Offshore solutions firm OEG Energy Group Limited said Monday it had agreed to acquire Bluestream Offshore, a specialist in subsea and topside services based in the Netherlands, for an undisclosed consideration.Based in Den Helder, Bluestream…
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