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BP anticipates strong U.S. growth with Trump, AI as key industry influences

(Bloomberg) – BP Plc anticipates strong growth in the U.S. as President-Elect Donald Trump improves regulations on the oil and gas industry just as artificial intelligence boosts energy demand. “We look forward to […]

Navy seizes 20,000 litres of Cameroon-bound petrol, arrests three

*Nigerian Navy ship Mkpoikana Udoma Port Harcourt — The Nigerian Navy says it has arrested three individuals suspected of attempting to smuggle 20,000 litres of petrol into the Republic of Cameroon. The arrest took place yesterday […]

ADNOC L&S takes delivery of first new-build LNG carrier ahead of schedule

ADNOC Logistics and Services announced it has taken delivery of ‘Al Shelila,’ the first of six newbuild liquified natural gas (LNG) carriers from Jiangnan Shipyard in China. The vessel has been delivered two months ahead […]

Husky Corporation unveils newly designed StreamShaper

– Eliminate splash-backs, spills, and early shutoffs Pacific, MO – Husky Corporation has unveiled the latest innovation in fueling technology with its newly designed StreamShaper for ultra high-flow applications. Building on the success of its […]

ConocoPhillips completes $22.5 billion acquisition of Marathon Oil

ConocoPhillips today announced that it has completed its acquisition of Marathon Oil Corporation. “This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while […]

Nigeria’s local currency crude sales fall short of target

*The Dangote Refinery Lagos — The Nigerian government’s plan to sell crude priced in the local currency is faltering, with refiners, including the giant Dangote Oil Refinery, saying they are still unable to secure adequate […]

Oil price resumes sliding amid weak sentiment in Europe

*Global oil. Lagos — Oil prices resumed their slide today, falling more than 0.6% for both Brent and WTI, which are not far from their lowest levels this year. Oil’s renewed losses today come with […]

Oil States debuts low-impact workover package at SPE ICoTA 30th well intervention conference

Oil States has introduced an industry-first Low Impact Workover Package (LIWP), announced this week at the SPE/ICoTA 30th European Well Intervention Conference in Aberdeen, Scotland. Oil States brings more than four decades of […]

Oil States debuts low-impact workover package at SPE ICoTA 30th well intervention conference

Oil States has introduced an industry-first Low Impact Workover Package (LIWP), announced this week at the SPE/ICoTA 30th European Well Intervention Conference in Aberdeen, Scotland. Oil States brings more than four decades of […]

Occidental CEO warns U.S. at risk of shale plateau, losing energy independence

(Bloomberg) – Occidental Petroleum Corp. warned that U.S. energy independence is at risk of slipping away if shale output plateaus and begins to decline. “It’s going to start to roll over, and when […]