ADNOC Contracts Flowserve to Supply Tech for CCS, EOR Project
Abu Dhabi National Oil Co. has contracted Flowserve Corp. for the supply of dry gas seal systems for EOR and a carbon capture project at its Habshan facility in the Middle East.
Hess Midstream Signs Deal to Repurchase $100MM of Class B Units
Hess Midstream said the repurchase is expected to result in increased distributable cash flow per Class A share.
Guyana Exported a Total of 225 Crude Cargoes in 2024
Guyana, Latin America’s newest oil producer, is now the region’s fifth largest crude exporter after Brazil, Mexico, Venezuela and Colombia.
Pickering Prognosticates 2025 Political Winds and Shale M&A
For oil and gas, big M&A deals will probably encounter less resistance, tariffs could be a threat and the industry will likely shrug off “drill, baby, drill” entreaties.
API: Congress Needed for Long-Lasting Policy Changes
The American Petroleum Institute lays out its political plans as the next presidential administration prepares to take office.
LNG Vessels Due to Load at Sanctioned Russian Terminals Set for Europe, Asia, Data Shows
(Reuters) – The liquefied natural gas (LNG) vessels due to load at two newly sanctioned Russian export terminals are set to deliver their cargoes mostly to Europe and also to Asia, shiptracking data showed on Tuesday. The U.S. on Friday imposed its broadest package of sanctions so far targeting Russia’s oil and gas revenues in …
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Russia’s Sovcomflot Says New U.S. Sanctions Create Operational Difficulties
(Reuters) – Russia’s leading tanker group, Sovcomflot, said on Tuesday that new U.S. sanctions would create additional operational difficulties and accused the West of undermining the global system of merchant shipping. “The company’s vessels do not belong to the ‘shadow fleet’”, Sovcomflot said. “The sanctions against Sovcomflot are not motivated by violations on the part …
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BP Warns of Fourth Quarter Profit Hit as Production and Refining Margins Fall
(Reuters) – BP warned on Tuesday that lower production, weak refining margins and sluggish trading would see its profit in the fourth quarter of 2024 fall from the previous three months. Since taking the helm a year ago, CEO Murray Auchincloss has scaled back the firm’s energy transition strategy in an effort to boost profits …
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Here’s What We Know About Trump’s Planned Executive Orders After Swearing-In
Donald Trump plans to issue a flurry of executive orders and directives after he is sworn in as U.S. president on Monday, to put his stamp on his new presidency on everything from immigration to energy. Two sources familiar with the planning said Trump is preparing a flood of executive orders and directives that could …
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Pioneer Energy’s Tech Offers More Pad Throughput, Fewer Emissions
Pioneer Energy’s Emission Control Treater technology reduces emissions and can boost a well’s crude yield by 5% to10%, executives say.