Pullback in crude prices from 2022 highs lowered profits of upstream companies in Q1 2023. But upstream operators are rolling in cash and market sentiment remains very strong, with wide expectations that near term oil demand will continue to grow. There continues to be a deep queue of near-term floating production projects. Thirty-seven floater projects are lined up for an investment decision within the next 18 months…
May 9, 2023
Japan's MODEC said Monday it would proceed with engineering, procurement , and construction…
April 26, 2023
Malaysian FPSO leasing company Bumi Armada said Tuesday it had completed the sale…
May 26, 2023
UAE-based drilling company ADNOC Drilling said this week it had signed a $75 million deal to buy six newbuild hybrid power…
May 25, 2023
Oil and gas company Neptune Energy started production from its production from its operated Adorf Z17 gas well in the municipality of Georgsdorf…
May 22, 2023
Chevron Corp said on Monday it would acquire PDC Energy Inc in an all-stock transaction for $7.6 billion, including debt…