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SBM will construct and install a floating production, storage and offloading vessel for TotalEnergies alongside its partner Technip Energies, the company said.

Rumored to be a potential buyer in the Permian Basin, Ovintiv instead struck a deal for lower-cost oil and condensate assets in Alberta’s Montney Shale.

Occidental Petroleum CEO Vicki Hollub said the next president will be positive for the U.S. energy industry, especially direct air capture.

The U.S. Energy Information Administration’s weekly report shows a 42 Bcf increase of natural gas in storage, matching expectations.

Baker Hughes and SOCAR expect to recover flare gas equivalent up to 7 million normal cu. m of methane per year and further reduce CO2 emissions by up to 11,000 tons per year.

Empire Petroleum received a waiver from its lender after falling out of compliance with a credit agreement.