New Name for Norway Oil Regulator to Reflect New Roles
The change reflects responsibilities added in recent years related to CO2 storage, offshore wind and seabed minerals.
Plexus Grants SLB Another License for Wellhead IP
SLB has secured a second license from Plexus to use the latter's patented POS-GRIP wellhead engineering technology.
Europa Oil Raises Wressle 2P Estimates to 2.37 Billion Boe
Europa Oil increased the 2P estimate for the Wressle field in the United Kingdom by 263 percent.
China Regains Top LNG Buyer Position
LNG shipments to China rose 12 percent in 2023 to nearly 71 million tons.
Major Banks Had More Green Earnings Than Fossil Fuel Returns in 2023
For the second year in a row, global banks made more money underwriting bonds and providing loans for green projects than they earned from financing oil, gas and coal activities.
Valaris Secures Contract for Petrobras' Buzios in Brazil
The contract is valued at approximately $519 million, inclusive of mobilization fees and additional services.
