The world’s biggest oil refiner, China’s state-held Sinopec, is looking to transform its business as domestic fuel sales crumble amid the electric vehicle boom.
Ehab Mukhtar, CEO of PetroGas, talks to The Energy Year about the company’s technology-focused portfolio and opportunities emerging from Libya’s new energy investment cycle.
Jacky Massaglia, senior vice president for North America at Vallourec, talks to The Energy Year about domestic tubular manufacturing, the expansion of premium threading capacity in Ohio and Vallourec’s role in supplying next-generation geothermal projects.
Norwegian companies Equinor ASA, Aker BP ASA and Vår Energi ASA on Monday announced a collaboration to explore the largest remaining reserves in the country’s waters to sustain production as existing developments become depleted.
North America dropped eight rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on August 21.
Australia’s biggest oil and gas producer Woodside Energy Group Ltd. is scaling back its clean energy ambitions to double down on fossil fuels, saying all its investments must compete equally for capital.
Equinor is targeting 950,000 boed of equity production outside Norway by 2030, up from 750,000 boed in second-quarter 2026, as the company concentrates investment in a smaller international portfolio led by the U.S., Brazil and Angola.
Spirit Energy has completed a £40 million ($55 million) decommissioning campaign in the UK North Sea, plugging and abandoning three subsea wells and removing more than 234 tonnes of offshore infrastructure.
SLB has been selected as strategic reservoir partner for the Havstjerne carbon storage project in the Norwegian North Sea, providing technology and engineering services as the development advances through concept and front-end engineering and design (FEED).
bp has awarded Halliburton an integrated drilling services contract for the first appraisal campaign at the Bumerangue field offshore Brazil, as the operator moves to further evaluate its deepwater discovery.