Sapura Energy Restructuring in 'Final Stages'
Bursa Malaysia's approval of the blueprint to restructure debt puts the company on a path to exit its financially distressed classification set by Malaysia's stock exchange, the company said.
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Equinor Approves Johan Sverdrup Phase 3 in Norwegian North Sea
Equinor and its partners agreed on a NOK-13 billion investment to proceed with the third phase of Johan Sverdrup to increase recoverable volumes from the North Sea field by 40-50 million boe.
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Federal Agencies Pull Out from Columbia Basin Protection Pact
The commerce, energy and interior departments, as well as the U.S. Army Corps. of Engineers and the Bonneville Power Administration, withdrew from a Biden-era agreement to safeguard fish populations in the Columbia River Basin.
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Oil Tanker Suffers Unexplained Blast Weeks After Russia Call
A tanker hauling 1 million barrels of oil suffered an explosion while near Libya, its manager said Monday.
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Oil Slips as Traders Weigh OPEC+ Hike
Oil prices edged down after last week's steep losses as traders anticipate a potential OPEC+ supply increase.
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Intensity Infrastructure, Rainbow Energy to Build New Gas Pipeline in ND
The two-phase pipeline has a planned capacity of 1.53 million dekatherms a day.
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North America Loses Rigs Week on Week
North America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.
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California Regulator Wants to Pause Newsom Refinery Profit Cap
California's energy market regulator is backing off a plan to place a profit cap on oil refiners in the state.
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SLB Awarded EPC Contact for OneSubsea JV
The project scope includes two new satellite subsea CO2 injection systems with associated tie-in equipment.
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EIA Reveals Latest USA Oil, Gas Proved Reserves Figures
The U.S. Energy Information Administration revealed its latest U.S. crude oil and natural gas proved reserves figures in a report posted on its site recently.