‘Oversupplied’ NatGas Market Aiding Williams’ Storage Business
Midstream company Williams saw overall demand growth as heavy gas volumes passed through its network.
Petrobras’ Pioneering Tech Powers Decades-long, 2.9 Bboe Production
From discovery to revitalization, the deepwater Marlim Field offshore Brazil has driven development of technology while delivering more than 2.9 Bboe.
Exxon Appoints Maria Jelescu Dreyfus to Board
Dreyfus is CEO and founder of Ardinall Investment Management, a sustainable investment firm, and currently serves on the board of Cadiz Inc. and Canada-based pension fund CDPQ.
SM Energy Targets Prolific Dean in New Northern Midland Play
KeyBanc Capital Markets reports SM Energy’s wells “measure up well to anything being drilled in the Midland Basin by anybody today.”
Insurance Firms Deny Chevron’s $57 Million Claim for Iran Oil Seizure
Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a U.S. court in California. The Chevron-chartered tanker Advantage Sweet was boarded by Iranian military in the Gulf of Oman in April 2023 and its crude oil cargo confiscated …
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BP Softens Tone on 2030 Oil Output Cut to Reassure Investors
BP softened the language on its pledge to cut its 2030 oil and gas output in an effort to reassure investors over its energy transition strategy and narrow a gaping value gap with rivals. CEO Murray Auchincloss has in recent months pivoted the London-based firm’s strategy to focus heavily on returns. He has been less …
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Equinor Acquires Stake in Standard Lithium Smackover Projects
Equinor’s transaction, completed effective May 7, includes interests in Standard Lithium’s flagship South West Arkansas Project and East Texas properties.
Ørsted Exec: Offshore Wind Picking Up Speed, Despite Challenges
The offshore wind sector is regaining momentum in the U.S., with 250 turbines coming in the next three years compared to seven a year ago, said Troy Patton, head of program execution for Ørsted Americas.
E&P BW Energy Undergoes ‘Technical’ Ownership Restructuring
The restructuring will not involve any change to the ultimate control of BW Energy as the shares currently held by BW Group will be sold to BW Energy Holdings.
Vår Selling Norne Assets to DNO
In exchange for Vår’s producing assets in the Norwegian Sea, DNO is paying $51 million and transferring to Vår its 22.6% interest in the Ringhorne East unit in the North Sea.