Category: News

Chevron has made a significant workforce reduction, cutting 575 positions in the Houston area.

Puerto Rico has terminated discussions with New Fortress Energy regarding a $20bn liquefied natural gas (LNG) contract.

Producers Midstream II has announced definitive agreements for a significant expansion of its Delaware Basin system, which will increase processing capacity by 50%.

SLB has been awarded a technologies and services contract by the Northern Endurance Partnership (NEP) for carbon storage site development in the North Sea.

The International Energy Agency (IEA) has released its latest quarterly Gas Market Report, forecasting a rebound in global natural gas demand growth by 2026.

The development of a global oil and gas emissions standard has been put on hold after industry players, such as Shell, Aker BP, and Enbridge, withdrew from the Science-Based Targets initiative’s (SBTi) advisory group.

ConocoPhillips is reportedly in advanced negotiations to divest its Oklahoma assets to Stone Ridge Energy for approximately $1.3bn.

ExxonMobil has initiated discussions with the government of Trinidad and Tobago to potentially explore oil and gas across up to seven deepwater blocks situated off the East Coast.

Central European Petroleum (CEP) has announced a significant oil and gas discovery at the Wolin East 1 (WE1) well in the Baltic Sea, which could enhance Poland’s energy potential.

China National Offshore Oil Corporation (CNOOC) has initiated production at Phase I of the Kenli 10-2 Oilfields Development Project, signifying milestone for the largest shallow lithological oilfield offshore China.