Category: Industry News

Chevron has outlined its capital expenditure (capex) budget for 2025, indicating a $2bn year-over-year reduction.

Equinor and Shell have unveiled plans to form a joint venture (JV) that will combine their UK offshore oil and gas assets.

PETRONAS, through its upstream arm Malaysia Petroleum Management (MPM), has awarded Production Sharing Contracts (PSCs) for four new ventures as part of the Malaysia Bid Round (MBR) 2024.

Producers Midstream II, a Tailwater Capital portfolio company, has secured a $400m expanded credit facility.

Russia and Pakistan are reportedly exploring potential cooperation in offshore oil and gas exploration and refining.

ONEOK has completed the MB-6 NGL fractionator in Texas and the full looping of the West Texas NGL pipeline.

Kent has secured a three-year global engineering, procurement, and construction management (EPCm) framework contract with energy giant bp.

Kuwait Petroleum Corporation (KPC) has shown interest in joining the second phase of India’s Strategic Petroleum Reserve (SPR) project.

Woodside Energy has entered into a revised contract with construction giant Bechtel for the EPC of the Louisiana LNG project.

McDermott has secured a FEED contract from Repsol Exploración México for the Polok and Chinwol field development in the Gulf of Mexico.