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Former CNOOC top executive appointed as CNPC president

Top executives of China’s national oil majors have in recent years rotated their positions among themselves. Last month, Hou Qijun, former president of CNPC, was appointed as the new chairman of Sinopec. Reporting by Chen […]

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Wood sells North America T&D business for $110 million

Wood has entered into an agreement to sell its North American Transmission & Distribution engineering business (North America T&D) to Qualus. North America T&D is a provider of comprehensive power infrastructure engineering for […]

Oil prices fall with expected weaker demand, possible peace deal

West Texas Intermediate crude futures were 56 cents, or 0.87%, lower at $64.04. The market was in part shifting its focus toward next week’s OPEC+ meeting, said Tamas Varga, analyst at PVM Oil Associates. Crude […]

NNPC, gas suppliers sign 1.29bscf/d Feedgas GSAs with NLNG

*NNPC, gas suppliers sign 1.29bscf/d Feedgas GSAs. Oritsegbubemi Omatseyin Lagos — The Nigerian National Petroleum Company Limited, NNPC, and several upstream gas suppliers have signed long-term Gas Supply Agreements, GSAs, with the Nigeria Liquefied Natural […]

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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 […]