Industry News
US sees slight rise in crude oil inventories as stocks are stabilised
US crude storage levels are remaining relatively stable, after rising slightly over the past week, says the American Petroleum Institute.
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Deal News
Ovintiv weighs sale of Uinta Basin oil operations for up to $2bnÂ
US oil company Ovintiv is contemplating the sale of its oil operations in the Uinta Basin, reported Bloomberg, citing sources. Â
Cyberattack
Halliburton hit by apparent cyberattack, disrupting systems in Houston
Halliburton is reportedly dealing with a cyberattack affecting business operations at its giant Houston campus.
Company News
VÃ¥r Energi extends Balder X production timeline due to FPSO vessel delays Â
VÃ¥r Energi, an oil and gas company in Norway, has announced a revised schedule for the commencement of the Balder X project in the North Sea. Â
Company News
Chevron plans nearly $1bn investment in India Â
American energy major Chevron is planning to invest Rs83bn ($989m) in Karnataka, India, over the next five to six years. Â
Industry News
Norway calls for increased oil and gas exploration to prevent output declineÂ
The Norwegian Offshore Directorate (NOD) in a resource report stated that the country’s oil and gas companies need to increase their investments in exploration and production.Â
Industry News
Uganda explores two new oil-producing regions after budget increase
Government geologists are exploring locations in the Moroto-Kadam Basin and Kyoga Basin in north and northeast Uganda.
Company News
Thailand’s PTT seeks collaborators for petrochemical and refining unitsÂ
PTT, the government-owned energy company of Thailand, is looking for partners to inject capital and offer expertise for its petrochemical and refining operations, reported Bloomberg.Â
Industry News
Ghana begins construction of $12bn petroleum hub
Ghana has begun the construction of a $12bn petroleum hub as it looks to supply West Africa with all of its refined products by 2038.
Industry News
Saudi Arabia’s national shipping firm splashes $1bn on nine VLCCs
The National Shipping Company of Saudi Arabia will spend $1bn to buy nine very large crude carriers (VLCCs) to modernize its fleet.