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Oil prices steady as investors assess OPEC+ output cut extension

*Freeport, Texas, April 27, 2020. REUTERS/Adrees Latif/File Photo New Delhi — Oil prices were little changed on Monday, as investors weighed a move by producer group OPEC+ to extend deep output cuts well into 2025. […]

Canada’s Surge Energy makes “exciting” Sparky crude oil discovery in Alberta’s Hope Valley

(WO) – In its latest operational report, Canada’s Surge Energy announced an “exciting” crude oil discovery in Hope Valley, Alberta. Source: Surge Energy Over the last four years, Surge assembled a 32.5 net […]

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OPEC+ extends deep oil production cuts into 2025

*The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC’s headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger London/Dubai — OPEC+ agreed on Sunday to extend most of […]

PTDF moves to commercialize oil & gas research products

*Vice Chancellor of Uniport, Prof George will Owunari with members of PTDF Professoral Chair on Gas Engineering and officials of PTDF in Port Harcourt. Mkpoikana Udoma Port Harcourt — The Petroleum Technology Development Fund, PTDF, […]

OEUK challenges UK Parliament candidates to support domestic offshore industry

(WO) – As the UK Parliament is dissolved and campaigns enter their second full week, leading trade body Offshore Energies UK (OEUK) has challenged every candidate standing in the July 4th General Election to back […]

Subsea7 secures “super major” contract from Petrobras for Búzios 9 field offshore Brazil worth over $1.25 billion

(WO) – Petrobras has awared Subsea7 a “super major” contract for the development of the Búzios 9 field approximately 180 km offshore Rio de Janeiro, Brazil, at 2,000 m water depth in the pre-salt Santos […]

Top Ten Colleges in the US for Petroleum Engineering

Introduction to Petroleum Engineering Petroleum engineering is a critical field within the energy sector, focusing on the extraction, production, and management of oil and gas resources. As energy demand continues to rise globally, the role […]

Oil price forecasts cut as supply risks trend lower, Reuters poll finds

*Crude oil barrels News wire — Analysts have lowered their 2024 oil price forecast for the first time since February, reflecting lower risks to supply from ongoing wars in the Middle East and Ukraine, a […]

Hess shareholders approved Chevron acquisition by “thin majority” on ExxonMobil arbitration uncertainty

(Bloomberg) – Hess Corp. shareholders approved the company’s proposal to be acquired by Chevron Corp. for $53 billion by a razor-thin majority of 51% of shares outstanding. Investors holding 157.6 million shares voted […]

Equinor to accelerate digital transformation with Seeq analytics, AI platform

(WO) – Seeq, a leader in industrial analytics, AI, and monitoring, and Equinor announced a multi-year commercial agreement for the Seeq Industrial Analytics and AI platform, to be leveraged across Equinor’s global assets to further […]