Industry News
Chevron shutters Gulf of Mexico oil platform as Hurricane Milton approaches
The US oil giant has closed its Blind Faith platform and evacuated staff as the Category 5 storm approaches.
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Deal News
McDermott to sell CB&I storage unit to Mason-led consortium for $475m
McDermott International has entered into an agreement to sell its CB&I storage business unit to a consortium led by Mason Capital Management.
Analysis
When will crude-oil-to-chemicals refineries come to the fore?
Oil companies need to learn to adapt their refineries into crude-oil-to-chemicals (COTC) facilities.
Industry News
Saudi Arabia plans multi-billion green hydrogen ventureÂ
Saudi Arabia is poised to make a multibillion-dollar investment in green hydrogen, with plans to establish a new company.
Contract News
BP awards iEPCI contract for Kaskida development to TechnipFMCÂ
TechnipFMC has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract from BP.
Deal News
Chevron agrees to sell assets to Canadian Natural Resources for $6.5bnÂ
Chevron Canada has signed a definitive agreement to sell its assets in Canada to Canadian Natural Resources for $6.5bn (C$8.86bn). Â
Industry News
Dropping global demand sees Shell’s refining profit margins drop by 30%Â
The company expects its gas trading performance to remain steady, potentially exceeding market expectations.
Company News
Eni gets UK Government funding for Liverpool Bay COâ‚‚ projectÂ
Eni has secured funding from the UK Government for the Liverpool Bay carbon dioxide (COâ‚‚) transport and storage project. Â
Industry News
BP scales back its energy transition, abandons oil and gas targets
BP has pulled back from its promise to cut oil and gas output by 40%, as a way to regain the confidence of investors.
Gas
Gazprom assessing whether to monetise gas from Tambeiskoye field
Russian president Vladimir Putin has instructed Gazprom to increase domestic gas processing as the nation fights a raft of international sanctions.