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.
He highlighted the financial challenges during his vetting by Parliament’s Appointments Committee on Monday, January 13, 2025.
Serbia can pay Gazprom Neft PJSC and Gazprom PJSC to exit the Balkan country’s only refiner in order to preserve local fuel production after it became ensnared in new US sanctions on Russia’s oil industry.
Donald Trump’s inauguration later this month is almost unanimously believed to bring in a new era in U.S. energy policy—an era of pro-oil and pro-gas regulation aimed at boosting the country’s production and exports, in line with Trump’s energy dominance agenda. However, this belief may yet get shattered by factors outside the president-elect’s control.
UAE-based technology incubator AIQ and Colombia’s national oil company Ecopetrol have signed a strategic collaboration agreement to deploy AIQ’s AI solutions in Ecopetrol’s operations, AIQ announced on Sunday.