Current Headlines

  1. Petroleum Demand Last Month Highest For November Since 2007 (Includes Monthly Statistical Report)

    Total petroleum deliveries in November rose to 19.9 million barrels per day. This was the strongest November monthly demand since 2007.

  2. Statoil Awards Long-Term Subsea Contracts On The Norwegian Continental Shelf

    Statoil has awarded new subsea maintenance framework agreements to Aker Solutions, TechnipFMC og OneSubsea.

  3. Petrobras And ExxonMobil Form Strategic Alliance

    Petrobras and ExxonMobil recently signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.

  4. Directa Plus And GSP SA Collaborate To Evaluate Oil & Gas Applications For Grafysorber

    Directa Plus plc, a producer and supplier of graphene-based products for use in consumer and industrial markets, announces that it has entered into a collaboration with GSP SA

  5. ExxonMobil Completes LNG Acquisition In Mozambique Area 4

    ExxonMobil announced recently the completion of a transaction by ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.

  6. BP And Bridas Complete Formation Of New Integrated Energy Company

    BP recently announced that it has agreed with Bridas Corporation (Bridas) to form a new integrated energy company by combining their interests in the oil and gas producer Pan American Energy (PAE) and the refiner and marketer Axion Energy (Axion) in a cash-free transaction.

  7. EDF Energy Awards Contract To SIMMONS EDECO

    SIMMONS EDECO, a leading supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services to the global oil and gas industry, announced that it has been awarded a contract by EDF Energy, the UK's largest producer of low-carbon electricity.

  8. API Looks Forward To Working With Full Roster Of Commissioners At FERC

    API released the following statement as recently marks the first time since 2015 that the Federal Energy Regulatory Commission (FERC) is operating with a full roster of commissioners - Neil Chatterjee, Richard Glick, Cheryl LaFleur, Kevin McIntyre and Robert Powelson.

  9. Chevron Announces $18.3 Billion Capital And Exploratory Budget For 2018

    Chevron Corporation (NYSE:CVX) today announced a 2018 capital and exploratory spending program of $18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies. “Our 2018 budget is down for the fourth consecutive year, reflecting project completions, improved efficiencies, and investment high-grading,” said Chairman and CEO John Watson. “We’re fully funding our advantaged Permian Basin position and dedicating approximately three-quarters of our spend to projects that are expected to

  10. Petroteq Energy Announces Membership In American Petroleum Institute

    Petroteq Energy Inc. (the “Company”) (TSXV: PQE; OTCQX: PQEFF; Frankfurt: A2DYWC), a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits, announced today that it has joined the American Petroleum Institute (API).