Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that recent multi-billion dollar acquisitions by U.S. oil majors Exxon Mobil and Chevron of smaller rivals showed that hydrocarbons were 'here to stay'.'Exxon, Chevron didn't buy because they want to have stranded assets…
Saudi oil giant Aramco's Chief Executive Amin Nasser said on Tuesday he saw significant demand growth for oil, citing a possible resurgence in the Chinese economy and an aviation sector that remains below pre-pandemic levels. He said a one-size…
Vladimir Nekrasov, the chairman of Russia's second-largest oil producer Lukoil, has died suddenly at the age of 66 after suffering acute heart failure, the company said on Tuesday.Lukoil said Nekrasov had worked for almost 50 years in the oil and gas sector…
SLB edged past estimates for quarterly profit on Friday as strength in the overseas drilling market to meet the insatiable global appetite for oil drove demand for its oilfield equipment, offsetting weakness in North America.Oilfield services…
Mexican state oil company Petroleos Mexicanos, known as Pemex, and its union agreed to a 7.82% hike in combined benefits and pay, according to a government statement published on Thursday.Under the agreement, Pemex workers will receive 4.16% higher salaries and 2…
Equinor's CEO said on Wednesday the European gas market will remain volatile this winter, and will face a lot of variables, but is in a stronger position than last year.Global gas prices leapt to all-time highs last year after Russia cut its gas supply to Europe…
An Australian union alliance on Wednesday agreed to endorse deals on pay and conditions at Chevron's two liquefied natural gas (LNG) facilities in Australia, ending an impasse that had led workers to threaten renewed strikes this week.The Offshore Alliance…
UK-based offshore well decommissioning specialist Well-Safe Solutions is looking to expand its capabilities and venture into the carbon capture, usage and storage (CCUS) and geothermal sectors too.To help facilitate this scope expansion, Well…
Unions at Chevron's liquefied natural gas (LNG) facilities in Australia reaffirmed their plan to resume strikes this week as mediated talks continued on Monday, sparking angry comments from the company saying workers were being unreasonable…
North Star, a UK-based offshore vessel owner, with a growing fleet of offshore wind support vessels, has hired sustainable shipping specialist Dr Tamara Topić to lead on the implementation of its environmental, social, and corporate governance (ESG) strategy…
Strict new immigration requirements are deterring vital skilled workers and threatening major disruption for UK offshore wind projects, according to Maria Gravelle, an immigration specialist at Pinsent Masons.Gravelle said that axing the Offshore…
High voltage engineering specialist, Ventus Energy, said Monday it had secured a significant contract to supply highly skilled senior authorised persons (SAPs) for 24/7 support at a UK offshore wind farm, Dogger Bank. Awarded to the organization’s North Shields base in the north-east of England…
The United Arab Emirates is refashioning the state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue streams to maximize earnings for the Gulf state…
U.S. Deputy Interior Secretary Tommy Beaudreau is stepping down from his role at the end of October, the Interior Department said in a statement on Wednesday, without giving a reason for his departure or saying how the vacancy would be filled…
Archer Knight, a market intelligence and consultancy firm headquartered in Aberdeen, Scotland, specializing in the offshore energy sector, has appointed Shaun Henry to its board as a non-executive director.'Bringing a wealth of experience from the oil and gas industry…