Reliance Exercises Four-Well Option on Transocean Rig
Transocean Ltd. says the 270-day program will contribute about $111 million in backlog.
Siemens Divests Power Electronics Business to ABB
Siemens Gamesa is selling its power electronics business Gamesa Electric to ABB but not including its generators business in the deal.
E&P Highlights: Dec. 2, 2024
Here’s a roundup of the latest E&P headlines, including production updates and major offshore contracts.
E&P Highlights: Nov. 25, 2024
Here’s a roundup of the latest E&P headlines, including North Sea production updates as well as major offshore contracts and a transfer of interests by Exxon in Suriname.
TotalEnergies Pauses Business with Adani, Says it was Not Aware of US Investigation
French oil major TotalEnergies SE was not informed of a U.S. investigation into possible bribery and corruption at Adani Green Energy Ltd., it said on Nov. 25, adding it will stop financial contributions to its Adani Group investments following last week's indictment.
OPEC Outlook: US Shale Oil Volumes to Hit 16.7 MMbbl/d by 2030
The head of OPEC’s energy studies warned that failure to invest in oil production could lead to a global energy crisis as early as 2035.
Exxon, Chevron Beat 3Q Estimates, Output Boosts Results
Oil giants Chevron and Exxon Mobil reported mixed results for the third quarter, with both companies surpassing Wall Street expectations despite facing different challenges.
First Solar’s Profit Rises Despite Chinese Dumping, Patent Disputes
First Solar executives said Chinese dumping and alleged patent infringements are among concerns for the solar panel maker.
Rystad: 12 MMbbl/d at Risk in Full-blown Middle East War
A full-blown war in the Middle East could end up with 12 MMbbl/d of oil at risk—leading to high prices and widespread global consequences, according to Rystad Energy.
Energy Transition in Motion (Week of Oct. 11, 2024)
Here is a look at some of this week’s renewable energy news, including nearly $7.9 million in bids for geothermal leases in Nevada.