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Oct 27 (Reuters) - The first cargo of Venezuelan crude under a deal between the US and producer NABEP unloaded in Texas on Tuesday and will be sold by the US government to refineries run by Exxon Mobil and Venezuelan-owned Citgo Petroleum, a White House official said. NABEP confirmed in a statement it supplied 1... Continue Reading →
Oct 28 (Reuters) - The plane believed to be carrying Brazilian Senator Flavio Bolsonaro and his family to the United States was scheduled to arrive on Wednesday morning in Miami, where they will be given entry visas by the United States government. With the whole world trying to work out where he was, Bolsonaro entered... Continue Reading →
Oct 28 (Reuters) - Asia's largest oil and gas producer, PetroChina, reported a 21.6% year-on-year increase third-quarter net profit, driven by higher oil and gas prices, according to a stock filing on Wednesday. Net income for the July-September period totalled 51.84 billion yuan ($7.78 billion), compared with 42.29 billion yuan a year earlier. Net profit... Continue Reading →
Oct 27 (Reuters) - Baker Hughes reported a fall in third-quarter profit on Tuesday, as prolonged conflict in the Middle East hit demand for services and equipment in the key oil-producing region. Repeated flare-ups in the Middle East conflict, now in its eighth month, have squeezed margins for the oilfield services sector amid delays in... Continue Reading →
Oct. 27 (oilnow.gy) Noble Corporation reported a net loss of US$117 million in the third quarter of 2026, widening from US$37 million in the preceding quarter, as a sharp increase in income tax expenses outweighed its pretax earnings. The drilling contractor published its earnings on October 26, 2026. The offshore drilling contractor recorded an income... Continue Reading →
Oct. 26 - OEG, a global energy solutions company, has signed a seven-year agreement to supply 50 offshore chemical tanks to a major speciality chemicals company in Brazil, as operators move to lock in long-term access to equipment amid tightening supply. The 5,200-litre-capacity tanks will be rented to support the customer’s offshore operations in the... Continue Reading →
Oct. 26 - HydroWing Ltd, the tidal energy division of Inyanga Marine Energy Group, has signed a contract with Ecodetect to introduce AI-driven environmental monitoring solutions to its pioneering tidal stream energy project at Morlais in Wales. Richard Parkinson, CEO of Inyanga Marine Energy Group, says: “Tidal energy projects operate in sensitive marine environments. Ecodetect’s... Continue Reading →
Oct. 26 (oilnow.gy) SBM Offshore has ordered 12 additional Fast4Ward hulls since allocating the first unit to Guyana’s Liza Unity FPSO. The expansion has supplied floating production projects across Guyana, Brazil, and Suriname, while keeping hulls available for future contracts. The orders show how SBM Offshore has developed its approach to FPSO construction: commission standardized... Continue Reading →
Oct 26 (Reuters) - Brazilian right-wing Senator Flavio Bolsonaro has followed his imprisoned father's lead by refusing to concede defeat to leftist President Luiz Inacio Lula da Silva, who won a historic fourth term in Sunday's presidential election. Bolsonaro, the son of former President Jair Bolsonaro, called into question a late-Sunday decision by a Lula-appointed... Continue Reading →
Oct 23 (Reuters) - In a windy, remote oilfield in Argentina, Chevron is bringing in US workers, equipment and expertise, betting it can recreate the Permian Basin shale boom that transformed the US oil industry two decades ago, this time in the Vaca Muerta formation, where success has long been elusive. The US oil producer... Continue Reading →
