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SLB OneSubsea, Subsea 7 Sign Collaboration Deal with Equinor, Commence Work on Wisting, Bay Du Nord
May 17, 2024
SLB said it has signed a new long-term strategic collaboration agreement between Equinor and the Subsea Integration Alliance. The alliance is comprised of OneSubsea™ and Subsea7. The agreement paves the way for exploratory work to begin on two projects, the
Brazil Pushes Out Petrobras CEO, Names Ex-Regulator to Top Job
May 16, 2024
The chief executive of Brazil’s Petrobras offered to step down, the state-run oil company said on Tuesday, as the government lined up a former regulator for the role, sending shares sliding as investors braced for political interference. Brazilian President Luiz
ConocoPhillips and Partners Begin Oil Production from Eldfisk North Project, Norwegian North Sea
May 9, 2024
ConocoPhillips and its partners have achieved the first oil production from the $1.24 billion (NOK$13 billion) Eldfisk North project in the Norwegian North Sea. The offshore field lies within the Greater Ekofisk Area in the southern region of the Norwegian
Touchstone Exploration to Acquire Trinity Exploration and Production in $30 Million Deal
May 6, 2024
Touchstone Exploration has agreed to acquire Trinity Exploration and Production, a crude oil exploration, development, and production company operating in Trinidad and Tobago, in an all-stock deal worth around $30.1 million. Trinity Exploration and Production holds producing assets both onshore
Initiative Equity Partners Acquires 16% Equity in ArtIn Energy Ramping Up Expansion in North America
April 29, 2024
Initiative Equity Partners has acquired a 16 percent equity in ArtIn Energy. This strategic effort registers a meaningful milestone in the company’s commitment to fostering sustainable development and progressing the global transition to clean energy and a carbon-free world. With
Chevron’s Affiliate Tengizchevroil Starts Operations at Wellhead Pressure Management Project
April 25, 2024
Chevron said its 50 percent owned affiliate Tengizchevroil (TCO) has safely commenced operations at its Wellhead Pressure Management Project (WPMP) at the Tengiz oil field in Kazakhstan. TCO achieved this milestone by converting its first metering station at Tengiz to
Trillion Energy Begins SASB Revitalization Project
April 19, 2024
Trillion Energy International has released an operational update for its SASB gas field. Trillion is starting the SASB revitalization project now as all relevant equipment and supplies for the start of the operations arrive mid-April 2024. A total of 49
ExxonMobil Makes Final Investment Decision for Whiptail Development, Offshore Guyana
April 17, 2024
ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by
Have a Blessed Easter Weekend
March 29, 2024
As we celebrate the miracle of Easter and the resurrection of Jesus Christ, may we be reminded of the power of faith and hope. We are grateful today and throughout the year for the continued support we receive from the
New Fortress Energy Receives Positive Customs Ruling for Its FLNG Facility
March 26, 2024
New Fortress Energy (NFE) said the U.S. Customs and Border Protection has issued a ruling confirming that the transportation of LNG produced at the company’s FLNG facility located offshore Altamira, Mexico by non-U.S. qualified vessels would not violate the Jones
