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CNOOC Weighs Exiting Operations from U.S., UK, and Canada
April 20, 2022
China National Offshore Oil Corp. (CNOOC) is planning to exit its operations from Canada, UK, and U.S. over concerns of possible sanctions on its assets. The state-owned oil and gas producer is looking at divesting “marginal and hard to manage”
Wishing Everyone a Blessed Easter Weekend
April 15, 2022
Easter is filled with many lessons of loss, love, and faith. It grounds us with the blessings we have received through out our lives. Each and every year, we are reminded of the path Jesus took to save us. It
Baker Hughes to Acquire Altus to Strengthen Its Oil & Gas Integrated Well Intervention Solutions
April 14, 2022
Baker Hughes said it is acquiring Altus Intervention, a leading international provider of well intervention services and down-hole oil & gas technology with 40 years of industry experience. The acquisition complements Baker Hughes’ existing portfolio of oilfield technologies and integrated
Saudi Arabia Leads OPEC Decision to Drop IEA Data as U.S. Ties Fray
April 13, 2022
A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog reflected concern about U.S. influence on the figures, sources close to the matter said, adding to strain on ties between Riyadh and
ExxonMobil Suspends Russian Far East LNG Project
April 4, 2022
ExxonMobil has suspended its liquefied natural gas project in Russia’s Far East, Interfax news agency quoted a Russian governor as saying on Monday, after the firm announced plans to quit the country following Western sanctions. ExxonMobil said last month it
Occidental Enters Agreement to Sell First Net-Zero Oil from Permian Basin to Korean Refiner
March 24, 2022
Occidental has entered into an agreement with an affiliate of SK Trading International, a subsidiary of SK Innovation Co., for the first net-zero oil created by combining crude oil together with environmental attributes generated from the sequestration of atmospheric carbon
Halliburton, Schlumberger, Baker Hughes All Now Suspending Future Business in Russia
March 21, 2022
Three of the world’s largest oilfield service companies have suspended their operations in Russia in response to U.S. sanctions over the invasion of Ukraine. Reuters and other outlets first reported the story. Schlumberger and Halliburton each announced their decision in
IEA Member Countries to Make 60M Barrels of Oil Available Following Russia’s Invasion of Ukraine
March 3, 2022
The 31 member countries of the governing board of the International Energy Agency agreed to release 60 million barrels of oil from their emergency reserves to send a unified and strong message to global oil markets that there will be
Shell to Exit Russia After Ukraine Invasion, Joining BP
March 1, 2022
Shell will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company to quit the oil-rich country following Moscow’s invasion of Ukraine. The decision comes a day
Chevron Invests in Carbon Clean CO2 Capture Technology Business
February 25, 2022
Chevron U.S.A., a subsidiary of Chevron Corporation, has made a new investment in Carbon Clean, a global leader in cost-effective industrial carbon capture. The size and cost of installing carbon capture technology has been a barrier to adoption. Carbon Clean’s
