Upstream

This post was originally published on this siteAfter 12 years as SBM Offshore CEO and Chair of the Management Board, Bruno Chabas has decided to step down on April 12, 2024. The Supervisory Board has decided to appoint Øivind Tangen…

This post was originally published on this siteNew Jersey’s utility regulator on Wednesday approved two offshore wind power projects with a combined capacity of 3,742-megawatts (MW) whose backers include Invenergy and TotalEnergies…

This post was originally published on this siteThe world’s largest oil services company, SLB, said on Wednesday that it was recovering $560 million of the $1.015 billion it is owed by Pemex via a financial institution…

This post was originally published on this siteBrazilian oil company Petrobras said on Wednesday it had notified the country’s energy policy council it would exercise its preferential rights to acquire the Jaspe oil block…

This post was originally published on this site As Chevron Corp. markets its Duvernay shale assets, the U.S. oil major is most likely to find a buyer among a handful of mid-sized Canadian firms that are boosting investment in a region that has yet to fulfil its potential, analysts said.

This post was originally published on this site U.S. oil refiners have asked President Joe Biden’s administration to reform the renewable fuel credit program by restricting who can participate, claiming the current trading environment allows market manipulation and raises fuel costs.

This post was originally published on this site U.S. crude oil stockpiles slumped while gasoline inventories jumped last week after winter weather hit crude production and imports, refining, and demand for fuel, the Energy Information Administration said on Wednesday.

This post was originally published on this siteMerger and acquisition (M&A) deals in the upstream oil and gas sector collectively more than doubled in value in 2023.

This post was originally published on this siteYesterday we brought you the latest update on EOG Resources’ oil drilling program in the Utica Shale (see Black Gold: EOG Resources Drills Gushers in Ohio Utica). Today we have details about two more companies and their Utica oil drilling programs: Ascent Resources and Encino Energy. Last summer,

This post was originally published on this sitePennsylvania House Bill (HB) 170, introduced early last year, would increase setback distances for shale wells from 500 feet to 2,500 feet — effectively killing any new shale well drilling anywhere in the state (see PA House Bill 170 Kills New Marcellus Drilling Using Setbacks). In June, Democrat