Industry News
Cyberattacks a growing threat for oil and gas – driven by geopolitics, extortion
Claroty’s Andrew Lintell discusses the growing cyber threat to the oil and gas sector, who’s behind attacks and what firms can do.
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Industry News
Exxon lays off 59 employees after Pioneer mergerÂ
ExxonMobil has not disclosed how many of the 59 will be laid off or offered new opportunities at the company.
Industry News
IEA lowers 2025 oil demand outlook, cites weak Chinese economy Â
The IEA said on Tuesday that Chinese oil demand declined for the third consecutive month in June due to decreased industrial inputs.
Industry News
US to reduce Iranian oil exports amid escalating tension in Middle EastÂ
As Iran pledges to retaliate over Israel’s killing of Hamas leader Ismail Haniyeh, the US looks to tighten Tehran’s financial resources.
Company News
Essar to invest $357m to increase coal bed methane production in IndiaÂ
Essar is planning to invest Rs30bn ($357.38m) to increase its coal bed methane (CBM) in India, reported the Economic Times. Â
Company News
ExxonMobil plans study to explore oil and gas in IndonesiaÂ
ExxonMobil is set to conduct a joint study to identify potential oil and gas reserves in Indonesia, according to the Indonesia Business Post. Â
Deal News
CrownRock Holdings to raise $1.7bn through stake sale in Occidental PetroleumÂ
CrownRock Holdings is seeking to raise up to $1.7bn through the sale of its stake in Occidental Petroleum, reported Bloomberg. Â
Company News
bp and Nasa sign agreement to boost energy and space techÂ
bp America has entered into an agreement with NASA to enhance technological advancements in both energy production and space exploration.Â
Contract News
Shell selects India’s L&T Technology Services for engineering and digital servicesÂ
UK oil and gas major Shell has entered into a long-term framework agreement with L&T Technology Services (LTTS).
Industry News
TotalEnergies supplies first 100% cooking oil biofuel in Singapore Â
TotalEnergies Marine Fuels supplied its first B100 biofuel bunker with 700t of the 100% UCOME-based biofuel to Singapore.