Latest Headlines

31. Johan Sverdrup Produces At Increased Plateau 5/23/2023

    This week a successful capacity test has been performed confirming that the field can produce up to 755,000 barrels of oil per day.

32. Petrobras On Bahia Terra Production 5/22/2023

    Petrobras informs that it obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels ("ANP") to resume production from eight more facilities of the Bahia Terra Pole (Itariri River Collector Station, Jandaia Collection Station, Fazenda Imbé Compressor Station, Taquipe Compressor Station, Lamarão Non-Associated Gas Station, Carmo Oil Treatment Station, Rio da Serra Collection Station, and Fazenda Imbé Collection Station).

33. Equinor Put Trollvind On Hold 5/22/2023

    Equinor will postpone a further development of the Trollvind offshore wind initiative indefinitely. This decision is based on several challenges facing the project, including technology availability, rising cost and a strained timetable to deliver on the original concept. The authorities have been informed about the decision.

34. Sinopec Signs Key Terms Agreement With Kazakhstan For Polyethylene Project 5/22/2023

    China Petroleum & Chemical Corporation has signed a key terms agreement with KazMunayGaz, the national operator of the oil and gas industry of Kazakhstan, for developing a polyethylene project in the Atyrau Region on May 18 in Xi'an, China.

35. Innovation Plays Critical Role In Reducing Emissions: OPEC Secretary General 5/22/2023

    The Secretary General stated this at the opening of the 30th Annual Middle East Petroleum and Gas Conference (MPGC 2023), which is taking place on 22-23 May 2023 in Dubai, United Arab Emirates (UAE).

36. Chevron Announces Agreement To Acquire PDC Energy 5/22/2023

    Chevron Corporation announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE) to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3B, or $72 per share.

37. New Digester Mixing System Delivers Better Yields For Eco Verde Energy (EVE) 5/22/2023

    Online, one can find no end of advice on mixing systems for biogas digesters; often going into great detail about impeller designs, speeds and angles – but away from the office desk, speak to a Plant Manager or AD operator, and they’ll soon tell you that even the best mixing system in the world isn’t something that they want – inside the tank.

38. Zion Oil & Gas, Inc. Announces Significant Progress And Launch Of A New Unit Program 5/18/2023

    Zion Oil & Gas, Inc. celebrates significant milestones and divine guidance leading the company into a new phase of operations in Israel.

39. TechnipFMC Awarded Significant Riserless Light Well Intervention (RLWI) Contract By Equinor 5/18/2023

    TechnipFMC has been awarded a significant⁽¹⁾ contract by Equinor to provide riserless light well intervention (RLWI) services on the Norwegian Continental Shelf.

40. Aramco Announces New Leadership Positions And Appointments 5/18/2023

    Aramco has appointed Nasir K. Al-Naimi as President of its Upstream business, and Mohammed Y. Al Qahtani as President of its Downstream business, both reporting along with Aramco’s Executive Vice Presidents to the Company’s President & CEO.