Tight global oil inventories and persistent geopolitical risks are expected to keep crude prices supported through August, according to PVM Oil Associates, despite OPEC+’s latest production increase.
Month: April 2022
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Emerson expands DeltaV automation platform for AI-scale data centers
Emerson has expanded its DeltaV automation platform with a unified control system designed for AI-scale data centers, leveraging industrial automation technologies to improve reliability, project execution and operational performance.
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Petrobras confirms new deepwater gas discovery offshore Colombia
Petrobras has confirmed a new offshore gas discovery at the Sandia-1 exploratory well in Colombia’s GUA-OFF-0 Block, reinforcing the region’s growing deepwater gas potential alongside the Sirius and Copoazu discoveries.
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Upstream finalists announced for 2026 Gulf Energy Excellence Awards
The finalists are in: Gulf Energy Information has announced the 2026 Excellence Awards finalists, recognizing leading upstream technologies, digital innovations and industry leaders from companies including ADNOC, Aramco, SLB, Halliburton, Expro, Baker Hughes, NOV and more.
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bp launches sale process for UK North Sea upstream business
bp has launched a process to market its UK North Sea upstream business for a potential sale as part of its ongoing portfolio review, including interests in five production hubs spanning the central North Sea and west of Shetland.
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Industry group urges UK action after bp launches North Sea sale process
Following bp’s decision to market its UK North Sea business, Aberdeen & Grampian Chamber of Commerce is urging the UK government to restore investor confidence through fiscal stability and a more predictable energy policy.
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Shell sells Aphrodite gas field stake to MOL in deal worth up to $720 million
MOL Group has agreed to acquire Shell’s 35% interest in the Aphrodite gas field offshore Cyprus for up to $720 million, joining Chevron and NewMed in one of the Eastern Mediterranean’s largest deepwater gas developments.
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Petrobras sets production record of 3.34 MMboed in second quarter
Petrobras increased second-quarter oil and gas production 14% year over year to a record 3.34 MMboed, driven by the ramp-up of new FPSOs in the Búzios and Mero pre-salt fields and improved operational efficiency.
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Shell Q2 profit rises on higher oil prices, record Brazil production
Shell’s upstream business drove a stronger second quarter, with higher oil and gas prices and record production in Brazil lifting adjusted earnings to $9.8 billion while the company advanced its ARC Resources acquisition.
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