bp Plc’s new Chief Executive Officer Meg O’Neill is restructuring the company and consolidating its leadership, moving quickly to fulfill her remit of turning around the beleaguered energy giant after years of underperformance.
Petrobras has approved the final investment decision (FID) for the SEAP I project in Brazil’s Sergipe-Alagoas basin, marking a key step in developing a new offshore oil and gas frontier in the country’s northeast.
CoreMarine and Jumbo Offshore have been awarded a contract to transport, install and hook up floating LNG (FLNG) infrastructure offshore Argentina, supporting development of gas export capacity in the Golfo San Matías.
Anosh Neterwala, vice-chairman of the Neterwala Group, talks to The Energy Year about remaining ahead of the competition through in-house R&D and plans to bundle environmental services with oil and gas offerings to drive sustainability.
Oil prices surged by more than 7% back above $100 a barrel on Monday after US President Donald Trump ordered the blockading of Iranian ports following the failure of peace talks between Washington and Tehran.
Chevron has agreed to an asset swap with Petróleos de Venezuela S.A. (PDVSA) that will expand its position in the country’s heavy oil sector while divesting certain gas assets.
Petróleo Brasileiro SA (Petrobras) said it has signed a deal with Petroliam Nasional Bhd (Petronas) exercising its pre-emptive rights for the Tartaruga Verde field and Module 3 of the Espadarte field, both in the Campos basin offshore Brazil.
Halliburton has been awarded a multibillion-dollar contract by YPF to provide unconventional completions services in Argentina’s Vaca Muerta shale, expanding its footprint in one of the world’s largest shale developments outside North America.
OPEC crude production registered a record plunge last month as conflict in the Middle East throttled exports from key members, the group’s data showed.
TotalEnergies and Türkiye Petrolleri Anonim Ortaklığı (TPAO) have signed a memorandum of understanding (MoU) to evaluate oil and gas exploration opportunities in Türkiye’s Black Sea and other international areas.