Subsea7 has been awarded a substantial contract by Chevron for subsea installation work in the Eastern Mediterranean, reinforcing the contractor’s presence in the region and its long-standing relationship with the operator.
Vitol expects global oil demand to peak around the middle of the 2030s, due to forecasts of slower uptake of electric vehicles, the world’s biggest independent oil trader said in an updated oil outlook on Monday.
The giant Tengiz oilfield in Kazakhstan has returned 60% of its peak production and was pumping at a rate of 550,000 barrels per day as of Sunday, following a forced shutdown for half of January due to a fire, anonymous sources told Reuters on Monday.
British Oil and Gas giant Shell Plc. (NYSE:SHEL) needs an exploration breakthrough or a big merger after its oil reserves fell to the lowest levels since 2013, exposing the company to a production shortfall in less than a decade.
Switzerland’s Transocean will acquire Bermuda-based Valaris in an all-stock transaction valued at USD 5.8 billion to create the world’s largest offshore drilling contractor, the companies said on Monday
The Republic of Congo has exported its first LNG cargo from Phase 2 of the Congo LNG project via the Nguya FLNG unit, Eni said on Friday.
Oil edged marginally higher after a choppy session as investors assessed the status of nuclear talks between the US and Iran.
Equinor has signed a five-year agreement to supply up to 500 mcm (17.7 bcf) of gas per year to Dutch energy company Eneco, Equinor announced on Thursday.
Tankers carrying a total of up to 12 million barrels of crude oil are either en route or close to China in East Asian waters, waiting for buyers in the world’s top crude importer, as India is pulling back.
Japan’s trading company Mitsui & Co is in an advanced stage of talks with QatarEnergy to buy a minority stake in one of Qatar’s mega expansion projects, anonymous sources with knowledge of the development told Reuters on Friday.