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OSP and Alpha Oil Tools form global technology alliance to enhance downhole solutions

(WO) — Oilfield Service Professionals LLC (OSP) has entered a global technology alliance with Alpha Oil Tools to boost operational efficiency and reliability in oil and gas operations. The partnership grants global access to Alpha’s […]

Lokpobiri denies directing NNPC Ltd to abandon Nigeria’s refineries

*Heineken Lokpobiri Mkpoikana Udoma Port Harcourt — The Minister of State for Petroleum Resources (Oil) Sen. Heineken Lokpobiri, has denied reports that he directed the Nigerian National Petroleum Company Limited, NNPCL, to stop operating the […]

QatarEnergy signs 20-year naphtha supply deal with Shell

The latest in a string of supply deals with Asian and European partners is supported Qatar’s massive North Field expansion, expected to come on stream in 2026. The project is part of the world’s largest […]

API appoints Kevin Slagle as senior vice president of communications

(WO) — The American Petroleum Institute (API) has appointed Kevin Slagle as its new senior vice president of communications. Slagle will lead API’s communications team to advance the U.S. oil and natural gas industry’s priorities […]

Expert hails NNPC, Dangote Naira crude sales

*Petrol sale at a fuel station Mkpoikana Udoma Port Harcourt — The Nigerian National Petroleum Company Limited, NNPC, and Dangote Refinery’s groundbreaking Naira-crude-sales agreement have been hailed as a game-changer for Nigeria’s economy. Energy marketing expert […]

Oil retreats as investors pare bets on Middle East war risk

*Oil prices – Brent, WTI down 1.5%– Concern over potential oil supply disruption eases– China ‘fully confident’ it will meet full-year economic targets Singapore — Oil prices fell more than $1 a barrel on Tuesday […]

McDermott wins EPCI contract for Qatar’s North Field South offshore project

(WO) — McDermott has secured an engineering, procurement, construction, and installation (EPCI) contract from QatarEnergy LNG for the North Field South (NFS) offshore pipelines and cables project. This contract adds to McDermott’s previous […]

Chevron to sell $6.5 billion in oil sands, shale assets to Canadian Natural Resources

(WO) – The deal relates to Chevron’s 20% interest in the Athabasca Oil Sands Project and a 70% holding in the Duvernay shale, both in the province of Alberta, according to a statement from the company […]

Shell’s third-quarter refining margins drop sharply

*Wael Sawan, Shell CEO. London — Shell’s refining profit margins dropped sharply in the third quarter from the previous three months as global demand sagged, while oil product trading earnings also weakened, it said on […]

Exxon faces $1.6bn earnings drop from oil and refining margins

*ExxonMobil headquarters logo Newswire — ExxonMobil Corp. said lower oil prices and refining margins reduced third-quarter earnings by $1.6 billion compared with the previous period. The oil giant revealed quarterly earnings guidance in a regulatory […]