trends

(Bloomberg) – Oil was steady as the market weighed the prospect for easing trade tensions between the European Union and the U.S. ahead of an OPEC+ meeting on supply policy. Brent traded below $65/bbl, after a […]

(Bloomberg) – Oil fluctuated as the market weighed easing trade tensions against the outlook for rising OPEC+ supply. Brent traded below $65 a barrel, erasing earlier gains. U.S. President Donald Trump extended the deadline for […]

Oil production has started from the fourth development phase of the Mero field off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos basin. The field is operated […]

(Bloomberg) — Canada’s new energy minister said it’s critical to build carbon-capture systems for the oil sands and identified crude and natural gas exports as a major priority for Prime Minister Mark Carney’s government. […]

Vermilion Energy has entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets for cash proceeds of $302 million USD ($415 million CAD). Net proceeds from the transaction will […]

American Petroleum Institute (API) President and CEO Mike Sommers and American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson issued the following statement on today’s bipartisan passage in the United States […]

Ocean services provider DeepOcean has acquired Shelf Subsea, an independent provider of subsea services with a strong position in the eastern hemisphere. Founded on a robust industrial fit, the acquisition creates a global subsea services […]

(Bloomberg) – Mexico’s state oil company Petroleos Mexicanos is discussing plans to slash over 3,000 jobs in a proposed corporate restructuring that is expected to save the company millions as the indebted driller and refiner […]

(Bloomberg) – U.S. President Donald Trump criticized the UK’s approach to taxing North Sea oil and gas, saying it discouraged drilling and raised energy prices.  Britain should stop using “costly and unsightly windmills” and “incentivize […]

Expro has been awarded multi-year Tubular Running Services (TRS) contracts by two leading Super-Major operators in the Gulf of America/Gulf of Mexico, covering both deepwater drillships and platform rigs. Collectively valued at over $80 million, […]