Sunday, February 23, 2025

Schlumberger To Stop Taking New Field-Management Projects

From Reuters Schlumberger NV, the world’s largest oilfield services provider, will stop taking new field management contracts, which have been criticized for their heavy upfront investment, while it seeks to sell off some existing deals, its chief executive officer said on Monday. CEO Paal Kibsgaard, speaking at the Scotia Howard Weil energy conference in New Orleans, said the business known

U.S. Buyers of Venezuelan Oil Sub in Shell, Bp Offshore Crude

From Reuters Sanctions on Venezuela’s oil industry have made winners out of Gulf of Mexico offshore heavyweights Royal Dutch Shell Plc and BP Plc as U.S. refiners in need of substitutes are scooping up oil produced in the region. The two major oil companies produce notable amounts of crude oil that refiners have settled on as the immediate replacement for

Gazprom

Nord Stream 2 Upbeat Denmark Will Approve Gas Pipeline Proposal

From Reuters The Russian-led Nord Stream 2 gas pipeline company expects to receive approval from Danish authorities for a 180-km stretch of the pipeline under the Baltic Sea in time to finish the pipeline by the end of 2019 as planned, a spokesman said on Monday. Nord Stream 2 spokesman Jens Mueller said there was “good reason” to believe Danish