Company News
ADNOC launches agentic AI solution for energy sector
ADNOC and AIQ have unveiled ENERGYai, a custom-built agentic artificial intelligence (AI) solution for the energy industry.
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Industry News
Canada introduces draft regulation to limit emissions from oil and gas sector by 2030
The Government of Canada has announced draft regulations to cap greenhouse gas emissions from the oil and gas sector, aiming for a 35% reduction from 2019 levels by 2030.
Deal News
Enersol to acquire 95% stake in Deep Well Services for $223m
Enersol, a joint venture between ADNOC Drilling and Alpha Dhabi, has entered into an agreement to acquire a 95% equity stake in Deep Well Services (DWS) for approximately $223m, inclusive of performance-based payments.
Contract News
Kiewit chosen as EPC contractor for Texas LNG’s Brownsville export terminal
Glenfarne Energy Transition’s subsidiary, Texas LNG Brownsville, has appointed Kiewit as the EPC contractor for its LNG export terminal.
Deal News
TotalEnergies signs agreement with Sinopec to supply LNG for 15 years
TotalEnergies has signed an agreement with Sinopec to supply two million tonnes of liquefied natural gas (LNG) annually over a 15-year period commencing in 2028.
Company News
ExxonMobil reports 4.4% decline in Q3 2024 earnings
Exxon Mobil has reported earnings of $8.61bn in the third-quarter of 2024, a decline of 4.4% from the $9.01bn in 2023.
Company News
Var Energi completes sale of Boyla field to Concedo
Norwegian oil and gas company Var Energi has finalised the sale of its 20% interest in the North Sea’s Boyla field to Concedo.
Company News
Global Partners acquires liquid energy terminal from ExxonMobil Oil
Global Partners has announced the acquisition of a liquid energy terminal in East Providence, Rhode Island, from ExxonMobil Oil.
Industry News
US Election: What a Trump or Harris victory means for the hydrocarbons sector
Assessing what a Donald Trump or Kamala Harris victory would look like for the US oil and gas sectors.
Company News
Chevron reports decline in earnings and outlines plan for significant cost cuts
Chevron has reported a decrease in earnings for the third quarter of 2024, citing lower margins on refined product sales, lower realisations, and the absence of prior year favourable tax items as primary reasons.