Monday, March 10, 2025
Exxon blocked from selling Nigeria oil assets to Seplat Energy-oil and gas 360

Exxon blocked from selling Nigeria oil assets to Seplat Energy

World  Oil (Bloomberg) — Nigeria’s state energy company won a court decision temporarily blocking Exxon Mobil Corp. from selling assets in the country to Seplat Energy Plc. A judge in the capital, Abuja, granted the Nigerian National Petroleum Co. an “order of interim injunction” on July 6 barring Exxon “from completing any divestment” in a unit that ultimately operates four

Analysis: Oil majors face output slump, deep losses if Russia stops Kazakh pipeline-oil and gas 360

Analysis: Oil majors face output slump, deep losses if Russia stops Kazakh pipeline

Yahoo Finance LONDON -Western energy majors will cut output and lose billions of dollars if Russia, as is feared, suspends a pipeline that is almost the only export route for oil from land-locked Kazakhstan, company sources, traders and analysts say. The closure of the CPC pipeline that carries oil from Kazakhstan to the Black Sea Russian export terminal in the

Europe on high alert as Russia temporarily halts gas flows via major pipeline- oil and gas 360

Europe on high alert as Russia temporarily halts gas flows via major pipeline

CNBC Europe is bracing for an extended shutdown of Russian gas supplies as maintenance work begins on the Nord Stream 1 pipeline that brings gas to Germany via the Baltic Sea.   Operator Nord Stream AG confirmed the work, which is scheduled to run from Monday through to July 21, got underway as planned Monday morning. Russian gas flows via

Suncor Energy replacing CEO after oil sands mine fatality- oil and gas 360

Suncor Energy replacing CEO after oil sands mine fatality

World Oil (Bloomberg) — Suncor Energy Inc.’s chief executive officer stepped down on Friday after a series of fatalities at the company’s oil sands sites shook confidence in its management. Mark Little agreed to leave as president and CEO and resign from the board of directors “effective immediately,” the company said in a release. Kris Smith, executive vice president for

Oilfield services jobs rise again for eight straight months of growth- oil and gas 360

Oilfield services jobs rise again for eight straight months of growth

World Oil Employment in the U.S. oilfield services and equipment sector rose by an estimated 4,999 jobs to 633,198 in June, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council, and after adjustments to May numbers. May adjusted number of 628,190 is down from the preliminary of 628,793. Gains