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Petrobras’ pricing strategy avoids passing on market volatility, CEO says

In an interview with Reuters, CEO Magda Chambriard said Petrobras’ commercial strategy allows it “to offer competitive prices compared to other supply alternatives and mitigate international market volatility.” Brent crude futures, one of the variables […]

October Russian Urals oil prices trade $5/bbl above price cap as Brent rallies, calculations show

Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows. Brent crude futures were up again on Friday, by 55 cents, or 0.7%, […]

Russia files lawsuit against Shell units, court documents show

The lawsuit, filed with Moscow’s Arbitration Court on Oct. 2, was addressed to eight Shell units. The documents indicated it had been launched by Gazprom Export, the Russian energy ministry, regional authorities on the Pacific […]

Wood Mackenzie analysis highlights critical challenges in developing more predictable tax policy

(WO) – After a history of ad hoc changes, the UK government must implement a more predictable tax regime that provides greater long-term stability to the North Sea oil and gas sector, as soon as […]

IDEC Corporation released updated SmartAXIS touch family with FT1J Series combined PLC+HMI

(WO) – IDEC Corporation has updated its SmartAXIS touch family with the new FT1J Series combined PLC+HMI. This device combines a built-in full function controller, both onboard and expandable I/O, and an advanced technology 4.3” […]

Libyan oilfields open now that central bank dispute resolved

*General view of the Libyan state National Oil Corporation (NOC) in Tripoli, Libya July 14, 2022. REUTERS/Hazem Ahmed/File Photo – NOC lifts force majeure at all oilfields and terminals– Production resumption could pave way for […]

OtterBusiness launches first wireless power bank for hazardous environments

(WO) – OtterBusiness announced the newest product for use in hazardous environments: the OtterBox Wireless Power Bank with MagSafe, compatible with the Defender Series Division 2 iPhone case line. The portable charging solution is the […]

NCDMB, Petroleum Commission Ghana sign MoU on local content development

-Urges collaboration among African oil services firms *Officials at the signing ceremony Oritsegbubemi Omatseyin Lagos — The Nigerian Content Development and Monitoring Board, NCDMB, on Wednesday signed a Memorandum of Understanding, MoU, with the Petroleum Commission […]

TÜV Rheinland acquires Safetec Nordic AS

(WO) – Safetec Nordic AS has been sold to TÜV Rheinland. Safetec’s operations will complement the existing risk, safety and integrity management services provided by TÜV Rheinland and will be integrated into its Industrial Services […]

Uncertainty to dog Nigeria’s oil production in Q4 – Energy Editors

*Oil rig Lagos – The Society of Energy Editors, SEE – a professional association dedicated to promoting excellence in media coverage of the energy sector – has predicted that uncertainty will characterise Nigeria’s oil production […]