Saudi Minister of Energy, Abdulaziz bin Salman, and the European Commissioner for Energy, Kadri Simson, talked about cooperation in energy and clean technologies as a means to strengthen bilateral ties, support the objectives of the Paris Agreement, and implement the outcomes of the UAE Consensus from COP28.
Chevron Corp surpassed expectations for first-quarter profit, driven by increased production volumes in the US which offset the impact of weak natural gas prices and fuel margins.
Plastic waste is one of the biggest issues facing the planet today, with its impact stretching far and wide. It can be found polluting the tallest mountains to the deepest ocean trenches; plastic waste can affect human health, destroy ecosystems, and harm wildlife especially marine species.
SLB has announced its first quarter results, achieving year-on-year 14% rise in profits, driven by higher oil and gas drillings in the Middle East and Asia which had offset decline in North America.
SDX Energy Plc has announced a binding sale and purchase agreement (SPA) for disposing its West Gharib interests in Egypt.
SLB has secured three contracts from Petrobras for completion hardware and services for up to 35 subsea wells in the Buzios Wave II oilfield development. The contracts entail SLB’s full bore electric interval control valves and electric subsurface safety valves. marking a shift towards full production system electrification for Petrobras to enhance production availability through more reliable completions.
ExxonMobil has announced that it made a final investment decision (FID) for the Whiptail development offshore Guyana, marking the sixth project on the Stabroek block. This decision follows the necessary government and regulatory approvals, with expectations to increase daily capacity by approximately 250,000 barrels by the end of 2027.
The modernization of Burullus gas fields, especially the Phase-9B fields that make a main contribution to production. Samir further mentioned that Phase-10 and Phase-11 are set to have six development wells drilled with investments $575 million. The wells are planned to add around 300 million cubic feet of gas and 500 barrels of condensates to daily production.
SLB and oil field services company, ChampionX Corporation have entered a definitive agreement for SLB to acquire ChampionX in an all-stock transaction, approved by ChampionX's board of directors.
Aramco has awarded engineering, procurement, and construction (EPC) contracts totaling $7.7 billion for a substantial expansion of the Fadhili Gas Plant in Saudi Arabia's Eastern Province. The contracts aim to boost the plant's processing capacity from 2.5 to 4 billion standard cubic feet per day (bscf/d).
