China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought online the Kenli 10-2 oil field (Phase I), the largest shallow lithological oil field offshore China.The project is located in southern Bohai Sea…
Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: where its growth will come from beyond the next few years.On Friday, the U.S. oil producer closed its $55-billion acquisition…
Top oilfield services firm SLB narrowly beat Wall Street expectations for second-quarter profit on Friday, as resilient demand in parts of its international business helped offset drilling slowdown in North America, Mexico and Saudi Arabia.SLB…
Texas-based oilfield services provider Expro has secured a three-year contract by Woodside Energy to provide tubular running services (TRS) and cementing services for the Trion project, Mexico’s first deepwater oil production facility.Woodside and Expro have a long-standing partnership…
The arbitrators in a legal dispute between Exxon Mobil and Hess have reached a decision related to a major oilfield project in Guyana, according to two sources familiar with the matter.The ruling will determine whether Chevron can move forward with its $53 billion planned acquisition of Hess…
Brazil plans to hold an additional oil auction this year for uncontracted areas in the pre-salt offshore region after Senate approval of legislation that clears the way for the sale, a senior energy official said on Wednesday.The government…
Versalis, Eni’s chemical company, has set out plans to transfer its Oilfield Chemicals business unit into the newly established company Versalis Oilfield Solutions.As of July 1, 2025, Eni has consolidated Versalis’ position in the oilfield services…
Hindustan Oil Exploration Company said on Friday it has temporarily suspended production at one of its oilfields in western India due to adverse weather and is monitoring the situation to resume output when the weather improves.The floating…
Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days this week.After Israel attacked Iran and Tehran pledged to retaliate, oil prices jumped as much as 13% to their highest…
Baker Hughes, an energy technology company, has secured a contract from Equinor to provide its plug and abandonment (P&A) services in the Oseberg East field on Norway’s continental shelf.Baker Hughes’ Mature Assets Solutions team will lead the integrated P&A campaign planning phase…
Namibia expects French oil major TotalEnergies to take a final investment decision (FID) on its Venus discovery in the African country in the fourth quarter of 2026, the country's petroleum commissioner said on Tuesday.Maggy Shino said at a…
ADNOC Drilling, the subsidiary of Abu Dhabi's state oil giant, reported a 24% rise in first-quarter profit on Thursday, driven by strong growth in its oilfield services segment.ADNOC Drilling's net profit rose to $341 million in the quarter ended March…
Chevron on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in the current quarter, reflecting the shaky economic outlook faced by Big Oil.The company's share repurchases this year could be between $11…
Oilfield services firm Archer has signed a five-year contract with Repsol Resources UK for platform drilling services, facilities engineering, coil tubing, wireline services, and downhole well service technologies.The agreement also includes a two-year optional extension…
Chinese offshore oil and gas major CNOOC first-quarter net profit fell 7.9%, weighed down by weaker oil prices, though higher output helped stem the decline.Net income for January-March was 36.56 billion yuan ($5.03 billion), versus 39.7 billion yuan in the same period last year…
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