Upstream

ExxonMobil announces leadership changes

ExxonMobil has announced that Liam M. Mallon, president of ExxonMobil Upstream Company and vice president of Exxon Mobil Corporation, will retire effective February 1, 2025. The board of directors has appointed Dan L. Ammann to succeed Mallon as president of ExxonMobil Upstream Company. Ammann will also continue to serve as vice president of Exxon Mobil Corporation. Additionally, Barry L. Engle has been named president of Low Carbon Solutions (LCS) and vice president of Exxon Mobil Corporation, effective January 1, 2025. Acknowledging Contributions and Strengthening Leadership "We thank Liam for his long-standing, dedicated service to the company, and we wish him all the best in his well-deserved retirement," said Darren Woods, chairman and chief executive officer of ExxonMobil...... > read more

Vallourec strengthens operations

Since its inception, the New Vallourec plan has focused on industrial excellence to elevate the premiumization of Vallourec's offerings and solutions. As part of its ongoing drive to achieve best-in-class global performance, Vallourec has announced the creation of a new Operations Department and the reinforcement of its Process and Engineering Department. The Process and Engineering Department will now encompass the Process Communities, the Global Engineering Department, and the Investment Department, with the goal of providing Vallourec with the most advanced technologies and the most efficient industrial processes. Philippe Carlier, a member of the Executive Committee, will lead the department, tasked with driving the company's mission to deliver products and services with increasing efficiency....... > read more

ExxonMobil expands

ExxonMobil Low Carbon Solutions has announced a significant milestone in its carbon capture and storage efforts, securing a lease for over 271,000 acres of offshore CO2 storage in Texas state waters. This lease, executed with the Texas General Land Office, represents the largest of its kind in the U.S., marking a major addition to ExxonMobil’s CCS portfolio. The agreement enhances ExxonMobil’s already robust pipeline and storage capabilities throughout the Gulf Coast region. By leveraging its expertise in subsurface operations, the company is well-positioned to provide comprehensive CCS solutions, including CO2 capture, transportation, and long-term storage for customers in hard-to-abate sectors..... > read more

Chevron announces US$6.5 bn sale

Chevron Canada Limited, an indirect subsidiary of Chevron Corporation, has announced the sale of its 20 percent non-operated interest in the Athabasca Oil Sands Project, its 70 percent operated interest in the Duvernay shale, and related assets in Alberta, Canada. The buyer, Canadian Natural Resources Limited, will acquire the assets in an all-cash transaction valued at US$6.5 billion. The deal, which has an effective date of September 1, 2024, is expected to close in the fourth quarter of 2024, pending regulatory approvals and customary closing conditions. The assets involved in the agreement contributed 84 thousand barrels of oil equivalent per day of production to Chevron in 2023, net of royalties.... > read more

QatarEnergy LNG awards McDermott EPCI Contract

McDermott has secured an engineering, procurement, construction, and installation (EPCI) contract from QatarEnergy LNG for the North Field South (NFS) Offshore Pipelines and Cables Project. This contract adds to a series of previous awards received by McDermott, including the NFS Pipelines Front End Engineering Design (FEED), the NFS Jackets EPCI, and the NFXP Topsides and Pipelines, which encompassed the NFS Topsides. The NFS infrastructure is crucial for supplying feed gas to two additional LNG trains, forming part of the North Field Expansion Project (NFXP). This initiative aims to boost Qatar's total LNG production capacity from the current 77 million tonnes per annum (MTPA) to 142 MTPA... > read more

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SLB OneSubsea awarded

SLB has secured a significant contract from Petrobras through its OneSubsea™ joint venture, following a competitive tender...
> read more

McDermott secures EPCI contract

McDermott has been awarded a comprehensive engineering, procurement, construction, installation, hook-up, and commissioning...
> read more

Aethon Energy to acquire

Tellurian Inc. and Aethon Energy Management LLC have announced a definitive agreement for Aethon to acquire Tellurian’s...
> read more

Upstream News

ExxonMobil announces leadership changes

ExxonMobil has announced that Liam M. Mallon, president of ExxonMobil Upstream Company and vice president of Exxon Mobil ... > read more

McDermott awarded FEED contract

McDermott International has been awarded a front-end engineering design contract by Repsol Exploración México S.A. for ... > read more

Vallourec strengthens operations

Since its inception, the New Vallourec plan has focused on industrial excellence to elevate the premiumization of Vallourec's ... > read more

ExxonMobil expands

ExxonMobil Low Carbon Solutions has announced a significant milestone in its carbon capture and storage efforts, securing ... > read more

Chevron announces US$6.5 bn sale

Chevron Canada Limited, an indirect subsidiary of Chevron Corporation, has announced the sale of its 20 percent non-operated ... > read more

QatarEnergy LNG awards McDermott EPCI Contract

McDermott has secured an engineering, procurement, construction, and installation (EPCI) contract from QatarEnergy LNG for ... > read more

Upstream News

SLB OneSubsea signs MoU with C-Power to explor

SLB OneSubsea™ has entered into a Memorandum of Understanding with C-Power to explore the potential of harnessing ocean ... > read more

Chevron to boost oil and natural gas

Chevron Corporation has announced the start of water injection operations at its Jack/St. Malo and Tahiti facilities in the ... > read more

Talos Energy announces

Talos Energy Inc. has announced that Tim Duncan has stepped down as president and chief executive officer, effective August ... > read more

Shell invests

Shell Offshore Inc., a subsidiary of Shell plc, has announced its final investment decision on a waterflood project at its ... > read more

SLB OneSubsea awarded

SLB has secured a significant contract from Petrobras through its OneSubsea™ joint venture, following a competitive tender ... > read more

McDermott secures EPCI contract

McDermott has been awarded a comprehensive engineering, procurement, construction, installation, hook-up, and commissioning ... > read more

Upstream News

ExxonMobil announces

Exxon Mobil Corporation reported second-quarter 2024 earnings of $9.2 billion, or $2.14 per share, reflecting industry-leading ... > read more

Kosmos Energy announces first oil production

Kosmos Energy Ltd. has announced the successful start-up of oil production at the Winterfell development in the Green Canyon ... > read more

Tellurian Inc strengthens balance sheet

Tellurian Inc. has successfully closed the sale of its integrated upstream assets for $260 million to affiliates of Aethon ... > read more

TXO Partners, L.P. enters

TXO Partners, L.P. announced today that it has entered into separate purchase agreements with Eagle Mountain Energy Partners ... > read more

Equinor divests interests

Equinor is selling 19.5 percent interests in production licenses PL 048E, which includes the Eirin field, and PL 1201 to ... > read more

Aethon Energy to acquire

Tellurian Inc. and Aethon Energy Management LLC have announced a definitive agreement for Aethon to acquire Tellurian’s ... > read more

Upstream News

BW Energy reports Q1 2024

BW Energy, the operator of the Dussafu Marin licence in Gabon and the Golfinho cluster offshore Brazil, reported an EBITDA ... > read more

PETRONAS makes latest oil and gas discovery

PETRONAS Suriname E&P B.V., a subsidiary of PETRONAS, has announced its third hydrocarbon discovery in Block 52 at the Fusaea-1 ... > read more

Equinor and Petoro agree

Equinor and Petoro have entered into a value-neutral asset swap agreement in the Haltenbanken area, marking a strategic realignment ... > read more

BW Energy provides Q1 2024 operations update

BW Energy, the operator of the Dussafu Marine licence in Gabon and the Golfinho cluster offshore Brazil, has provided an ... > read more

ExxonMobil completes acquisition of Pioneer

Exxon Mobil Corporation has officially concluded its acquisition of Pioneer Natural Resources Company, marking a transformative ... > read more

Touchstone exploration announces acquisition

Touchstone Exploration Inc. has announced an agreement with Trinity Exploration and Production Plc for an all-share acquisition, ... > read more