Industry News
Chevron set to resume limited Venezuela oil operations
The US government is working towards granting Chevron, a partner of PDVSA, limited authorisations to resume operations in Venezuela.
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Industry News
Saipem and Subsea7 merger agreement sealed
Italy-based energy company Saipem and Subsea7 have signed a binding merger agreement, forming a new entity in the energy sector.
Industry News
Libya’s Mellitah to work with Hill on two gas projects
Mellitah Oil and Gas has entered into an agreement with Hill International to oversee a project aimed at enhancing Libya’s gas production.
Industry News
Norton Rose, Kirkland & Ellis lead oil and gas M&A advisory rankings in H1 2025
Norton Rose Fulbright and Kirkland & Ellis have emerged as the top mergers and acquisitions (M&A) legal advisers in the oil and gas sector by value and volume, respectively, in H1 2025.
Industry News
RBC Capital tops M&A financial advisers list in O&G sector for H1 2025
RBC Capital Markets emerged as the leading mergers and acquisitions (M&A) financial adviser in the oil and gas sector for the first half of 2025.
Analyst Comment
Asia to dominate worldwide xylene capacity additions through 2030
Asia is poised to spearhead the global xylene capacity additions by 2030, mainly due to increasing demand for its key derivative, p-xylene.
Industry News
Chevron cuts jobs following completion of Hess acquisition
Chevron has made a significant workforce reduction, cutting 575 positions in the Houston area.
Industry News
Puerto Rico ceases negotiations on $20bn LNG contract with New Fortress Energy
Puerto Rico has terminated discussions with New Fortress Energy regarding a $20bn liquefied natural gas (LNG) contract.
Industry News
Producers Midstream II to enhance Delaware Basin system
Producers Midstream II has announced definitive agreements for a significant expansion of its Delaware Basin system, which will increase processing capacity by 50%.
Industry News
NEP selects SLB for carbon storage site development in North Sea
SLB has been awarded a technologies and services contract by the Northern Endurance Partnership (NEP) for carbon storage site development in the North Sea.