Saudi Arabian Oil Co. on Monday signed 145 deals totaling about $9 billion as part of the oil giant’s In-Kingdom Total Value Add (iktva) program.
Valeura Energy Inc. has said its oil production average hit a record high in the fourth quarter of 2024, with oil sales surpassing production volumes.
Russia has formed a new government commission to coordinate clean up of the biggest spill of oil products in the Black Sea in recent history as the Kremlin continues to assess the full scale of the catastrophe.
The US Supreme Court buttressed efforts by environmental advocates to hold oil companies accountable for climate change, letting Honolulu press a lawsuit that accuses the industry of deceiving customers about the risks posed by fossil fuels.
Russia’s oil proceeds to the state budget increased by almost a third last year to the highest since at least 2018, spurred by higher crude prices as the nation adapted to international sanctions.
Global energy technology company SLB has secured a series of drilling contracts from Shell. SLB said in a media release that it will support Shell’s capital-efficient energy development across its deepwater and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, Mexico, and others.
CHC Helikopter Service, the Norwegian division of CHC Helicopter and a leading provider of offshore transportation solutions, has entered a $500 million strategic partnership with Aker BP to support its offshore helicopter activity in Norway.
KBR announced today it has been awarded a global agreement by bp for engineering, procurement and construction management (EPCM) services.
Eco (Atlantic) Oil & Gas Ltd., an oil and gas exploration company focused on the offshore Atlantic Margins, announced completion of its transaction with Africa Oil Corp. and Africa Oil SA Corp (AOSAC) for the sale of a 1% Participating Interest in Block 3B/4B, and replacement of a member of the board.
Libya’s top international operators and the National Oil Corporation (NOC) will take center stage at the Libya Energy & Economic Summit in Tripoli next week for the panel Unlocking Libya: The Next Frontier for Exploration and Investment.