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ConocoPhillips, Marathon Oil get second US FTC request over $22.5 billion deal

CONTEXT Conoco said in May it would pay $22.5 billion in stock for Marathon Oil to boost its output and achieve greater economies of scale in U.S. shale fields and in liquefied natural gas. Its […]

Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries

“OPEC+’s need to maintain stable prices, elevated hopes of falling inflation and possible rate cuts every time oil dips below $80 puts a floor under the market,” PVM oil analyst Tamas Varga said. As a […]

Equinor begins oil and gas production from mature Kristin South area offshore Norway

(WO) – Equinor and its partners Petoro, Vår Energi, and TotalEnergies EP Norge started production from the first Lavrans well in the Kristin South area offshore Norway on July 7, 2024. The Kristin […]

Gulf Energy Information appoints Catherine Watkins as Chief Commercial Officer to drive market expansion

(WO) – Gulf Energy Information (Gulf), a premier B2B media company in the global energy sector, announced the transition of Catherine Watkins from Chief Financial Officer (CFO) to Chief Commercial Officer (CCO), effective immediately. This […]

UK reverses oil drilling permission, drops coal mine defence after court ruling

The move comes in response to a major judgement last month from Britain’s highest court on the climate effects of fossil fuel projects, which activists said could profoundly impact new fossil fuel projects in Britain. […]

IEA sees oil demand growth slowing as China’s share ebb

“China’s pre-eminence (is) fading. Last year the country accounted for 70% of global demand gains – this will decline to around 40% in 2024 and 2025,” the IEA said. Oil forecasters are split more widely […]

U.S. oil and gas industry jobs experience growth despite national economic challenges, Energy Workforce reports

(WO) – The Energy Workforce & Technology Council released its monthly jobs report, indicating signs of continued improvement in employment growth across the oil and gas industry. In June 2024, the U.S. oil […]

Nigeria reaches oil supply deal, ending dispute with producers

*Petroleum products import vessel Abuja — Nigeria’s oil regulator has struck a deal with producers to allow sales of crude to domestic refiners at market prices, ending a supply dispute that had strained relations with […]

Corinth Pipeworks secures “significant” offshore contract for Woodside’s Trion deepwater field in Gulf of Mexico

(WO) – Corinth Pipeworks has been awarded a significant contract by Woodside Energy, as operator of the Trion deepwater field in the Gulf of Mexico, to manufacture and supply approximately 118 km of High Frequency […]

Vallourec wins “major” contract from TotalEnergies for Kaminho deepwater project offshore Angola

(WO) – Following a call for tender, Vallourec has been awarded a contract by TotalEnergies to supply almost 5,000 tonnes of OCTG solutions and associated services for the Kaminho deepwater project on Block 20, 100 […]