The U.S. and Iran say they have reached a deal to reopen the Strait of Hormuz, setting the stage for talks on Tehran’s nuclear program and potentially ending a conflict that disrupted global energy markets and raised concerns over oil supplies.
In a blog posted on its website on Monday, GasBuddy highlighted that U.S. gasoline prices had fallen for four straight weeks but warned that “the streak may be in danger”.
ABB has been awarded a contract to modernize automation and safety control systems on the Buzzard offshore platform, supporting continued operations at one of the UK’s largest producing oil fields in the North Sea.
TGS has signed an agreement with Equatorial Guinea’s Ministry of Hydrocarbon and Mining Development to create the country’s first offshore large-scale multi-client seismic dataset, the company said on Wednesday.
Chevron Corp. and two other major Argentine shale producers will sign contracts this week to supply a natural gas liquids project, a move that all but assures the $3 billion plan goes ahead, according to people familiar with the matter.
EnQuest has agreed to acquire interests in four offshore production-sharing contracts (PSCs) in Malaysia for up to $833 million, a transaction that will significantly expand the company’s production, reserves and presence in Southeast Asia.
APA Corporation has agreed to acquire Savant Alaska, LLC in a deal that will give the company control of key production and transportation infrastructure supporting its growing position on Alaska’s eastern North Slope
Petrobras has agreed to acquire a 50% interest in the offshore Itaimbezinho exploration block in Brazil’s Campos basin from Equinor, expanding its presence in one of the country’s most active offshore regions.
Saipem has secured a contract for the Uthmaniyah Gas Compression Plant project in Saudi Arabia through its jointly controlled company SNSH, Saipem said on Wednesday.
TGS has signed an agreement with Equatorial Guinea’s Ministry of Hydrocarbon and Mining Development to create the country’s first offshore large-scale multi-client seismic dataset, the company said on Wednesday.