In a statement that mirrors the cautious tones expressed by other oilfield services giants, SLB (formerly Schlumberger) presented a subdued forecast for its revenue growth for the remainder of the…
In a significant move to bolster domestic energy production, the Trump administration has announced the relaxation of pressure regulations for offshore oil operators working in the Paleogene play of the…
GeoPark Limited has named Felipe Bayón as its new Chief Executive Officer and member of the Board of Directors, effective June 1, 2025, following the resignation of current CEO Andrés…
Vitol Group, the world’s largest independent oil trader, has ramped up its oil purchases in Venezuela as the expiration of its U.S. operating license approaches. According to documents seen by…
Italian energy giant Eni has outlined plans for significant growth in 2025, with five major project start-ups set to enhance its upstream production capabilities. These new projects will elevate the…
In a strategic move, European energy giant Shell has announced its decision to withdraw from three exploration blocks offshore Colombia, where it had previously made a series of notable natural…
OPEC+’s aggressive efforts to enforce oil production quotas have backfired, triggering a sharp decline in crude prices as tensions with Kazakhstan threaten to escalate into a broader price war. Crude…
Italian oilfield services company Saipem reported a 35% year-over-year increase in first quarter profits, driven by strong performance in its offshore and onshore engineering and construction segments, according to its…
Malaysia’s national exploration and production (E&P) company, Petronas Carigali, has initiated an important tender to support its future drilling operations offshore Indonesia, a region that is becoming increasingly central to…
Chinese offshore engineering company Wison New Energies has been awarded a new contract to undertake a crucial feasibility study for a floating liquefied natural gas (FLNG) development offshore Suriname. The…
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