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Exxon says net zero goals have slipped as coal use rises

(Bloomberg) – ExxonMobil said net zero goals for the global energy sector are likely to drift further beyond 2050 due to consumers pushing back against high costs and a revival in demand for coal, the […]

Exxon sees natural gas demand surging in outlook to 2050

The projections provide the basis for the top U.S. oil producer’s long-term strategy and investment. Exxon has ambitious growth plans compared to other global oil players, with a target to boost production by 18% over […]

Petrobras awards $180 million subsea robotics contract to Oceaneering

Oceaneering’s Brazilian subsidiary, Marine Production Systems (MPS), has secured multiple subsea robotics contracts with Petrobras. The anticipated revenue of the contracts is approximately $180 million. Oceaneering will provide work class remotely operated vehicle […]

NNPC Ltd courts Brazilian investors, reaffirms 2030 oil & gas targets

*President Bola Tinubu with President Lula Inacio Da Silva of Brasil. Mkpoikana Udoma Port Harcourt — The Nigerian National Petroleum Company Limited, NNPC Ltd. has used President Bola Ahmed Tinubu’s state visit to Brazil to […]

EnerMech wins two-year cranes contract extension with Dubai Petroleum

EnerMech has secured a two-year contract extension with Dubai Petroleum to continue providing the Middle East operator with crane maintenance services across its offshore assets. Originally awarded in 2022, Dubai Petroleum has automatically […]

Russia’s Gazprom Neft first-half profit drops 54%

*Gazprom Moscow — Russian oil producer Gazprom Neft’s first-half net profit attributable to shareholders fell 54% year-on-year to 150.5 billion roubles ($1.86 billion), according to the company’s financial results published on Wednesday. The company’s revenue […]

Petrobras to re-enter Nigeria five years after halting JV operations

During a state visit to Brasilía this week, Nigerian President Bola Tinubu focused on deepening economic cooperation and unlocking strategic partnerships, and welcomed Petrobras’s planned re-entry into the Nigerian market. The two countries signed five […]

Baker Hughes scores long-term contract for bp’s Tangguh LNG

This comprehensive 90-month agreement covers spare parts, repair services, and field service engineering support for critical turbomachinery at the facility including heavy-duty gas turbines, steam turbines and compressors for three LNG trains. The agreement builds […]

EnQuest, partners ink deal with Indonesia for offshore exploration

EnQuest along with its joint venture partners and the Government of Indonesia have signed Production Sharing Contracts (PSCs) for the Gaea and Gaea II exploration blocks, located in Papua Barat, Indonesia. Fig. 1 […]

Petróleo Brasileiro set to re-enter Nigeria’s oilfield

Mkpoikana Udoma Port Harcourt — Nigeria’s energy sector has received a major boost as President Bola Tinubu confirmed the imminent return of Petróleo Brasileiro S.A, popularly known as Petrobras, Brazil’s state-owned oil giant, to joint […]