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ADNOC Drilling’s Enersol to acquire Deep Well Services

ADNOC Drilling Company and Alpha Dhabi Holding announced today that their joint venture Enersol has agreed to acquire a 95% equity stake in Deep Well Services (DWS), for approximately $223 million1 including performance-based payments. Completion […]

Oil price sees largest increase in weeks

*Global oil flow. Quasar Elizundia Lagos — “Oil prices have shown a primarily positive trend in recent sessions, with WTI crude rising more than 3% at the beginning of the week, reaching $71.50 per barrel. This […]

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IPAA announces leadership change, award recipient while addressing issues at annual meeting

During its 95th Annual Meeting in Boca Raton, Fla., last week, the Independent Petroleum Association of America (IPAA) announced its new chairman for a two-year term while also revealing its first Chief Roughneck Award winner […]

Oil gains more than 2% after OPEC+ delays output hike

*OPEC+ barrel stock – Brent up 2.5%, WTI up 2.7%– OPEC+ delays December output hike by one month– Focus on US election, Fed decision, China NPC meet this week Bengaluru — Oil prices rose more […]

DNV Inspection to expand low-carbon operations after recent growth

DNV Inspection, an independent assurance and risk management provider, has set its sights on aggressive growth in the low-carbon energy space following a run of contract wins in recent years. By the end of the […]

Exxon, Chevron report rising Permian production despite analyst estimates

(Bloomberg) — Exxon Mobil Corp. and Chevron Corp. beat analysts’ profit, output and sales estimates as rising oil production from the Permian Basin helped offset weaker crude prices. Exxon’s third-quarter adjusted earnings exceeded […]

Shell’s $6 billion profit smashes forecasts as LNG offsets weak refining

The results, together with a drop in debt and strong cash flow, could lift investor confidence in CEO Wael Sawan’s efforts to boost the company’s performance by the end of 2025 as he focuses on […]

Mero-3 FPSO achieves first oil in Brazil pre-salt region, Shell announces

Shell Brasil, a subsidiary of Shell plc, announced the start of production of the FPSO facility Marechal Duque de Caxias in the Mero field, in the pre-salt area of the Santos Basin, offshore Brazil. Also […]

Enbridge’s Q3 profit more than doubles on acquisition contributions

The Calgary-based company, which owns Canada’s biggest oil export network and is North America’s largest gas utility, said it has C$27 billion ($19.40 billion) of secured growth projects, up from C$24 billion previously. New investments […]

ExxonMobil sells French Fos-sur-Mer refinery to Trafigura consortium

Trading houses, including Trafigura and rival Vitol, have sought acquisitions as they spend the proceeds of energy price spikes and market volatility caused by the disruption following Russia’s invasion of Ukraine. The Fos-sur-Mer deal is […]