Galp Offers Mopane-3X Update
Galp said it has successfully drilled, cored, and logged the Mopane-3X well.
Atlas Completes $220 Million Purchase of Power Tech Firm Moser
'The acquisition of Moser Energy Systems is a platform investment that provides Atlas with exposure to the production end of the oil and gas value chain, along with new distributed power end-markets'.
Chevron Makes Leadership Changes in Simplification Push
'Our new organizational structure and leadership appointments are designed to improve our operational efficiency and position Chevron for sustained growth'.
BP Refocuses on Oil Amid Elliott Pressure, But Cuts Buybacks
BP announced a major pivot back to its core oil and gas business.
Are We Ever Likely to See an AI CEO at an Oil and Gas Company?
Rigzone talks to Toni Fadnes, the Chief Transformation Officer of eDrilling.
Black Gold Starts Drilling at Indiana Well
The Illinois Basin has a history of producing 10 to 12 million barrels of oil annually, the company said.
Saipem Sees 71 Percent Increase in Annual Profit
Saipem reported $321.08 million in net profit for 2024, up 70.9 percent from 2023 helped by higher volumes and the deployment of new rigs.
Leading Energy Companies Holding Back Renewables Commitments, BMI Says
'Leading energy companies are shifting focus', BMI analysts said.
Uniper to Make Bailout-Related Payment of $2.73B to Germany in Q1
Uniper expects to remit to Germany $2.73 in aid repayments this quarter in relation to the government's bailout of the power and natural gas utility in 2022.
SBM Offshore Logs Record Annual Revenue
SBM Offshore also ended 2024 with a record backlog of $35.1 billion.
Sonangol Reaffirms IPO Intent
Angola's state oil firm said it is still working toward an initial public offering of as much as 30 percent of its shares.
BP, Iraq Strike Deal on Oil Development in Kurds-Claimed Province
The agreement targets a production of over three billion barrels of oil equivalent in the initial phase.
Iran Rejects Direct Nuclear Talks With USA Under Trump Policy
Trump has vowed to squeeze Iran's economy and target its oil exports as part of a return to the 'maximum pressure' strategy that he deployed in his first term.
Oil Slumps as US Confidence Dives
Oil prices tumbled as US consumer confidence plummeted, fueling concerns that Trump's trade policies and weakening economic data will curb energy demand.
Macquarie Strategists Forecast USA Crude Inventory Build
Macquarie strategists are forecasting that U.S. crude inventories will be up for the week ending February 21.
ConocoPhillips Sells $735 Million Worth of GOM Stakes to Shell
ConocoPhillips signed an agreement to divest minority stakes in the Ursa and Europa fields and associated facilities to co-venturer Shell for $735 million.
BP's Strategy Reset: 5 Things to Watch
BP's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift for an oil major in several years.
EIA Raises USA Crude Oil Production Forecasts
According to its latest short term energy outlook, the EIA sees U.S. crude oil production, including lease condensate, averaging 13.59 million barrels per day this year.
Kipper Partners to Invest $200MM to Raise Capacity of Aussie Field
The Kipper 1B project 'will bring online much-needed additional gas supply' for the domestic market ahead of winter 2026.
