ExxonMobil Corp on Friday topped Wall Street quarterly earnings estimates and posted its first profit in five quarters, boosted by higher oil prices and strong chemicals margins.Exxon and rivals results this year have been rising with crude oil prices…
Oceaneering International’s Rotator business launched a new Topside Chemical Throttle Valve (T-CTV) for multiple industries including oil and gas, chemical processing, wastewater treatment, medical, and pharmaceutical. The T-CTV leverages existing…
Texas-based oilfield services and technology company GPS International has informed that it has completed Phase 2 field testing of its patent-pending method to cut methane from natural gas, accomplishing 'a vast visible discharged reduction in Methane (CH₄) exhaust emissions…
ChampionX, a Texas-based oilfield tech company, has said it has won two contracts to deliver its 'non-toxic chemicals' aimed at tackling corrosion to two major North Sea operators.Under the contracts worth £2.8 million ($3.9 USD) in total, the…
Exxon Mobil Corp signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth-quarter results, but the gains would be overshadowed by an up to $20 billion asset write down.The largest U.S. oil…
South Korean ballast water treatment system provider Techcross has won a contract to install its ElectroCleen System (ECS) aboard six vessels and barges owned by offshore installation giant Heerema Marine Contractors.According to info on Techcross' website…
Oceaneering has been awarded a connector supply contract from TechnipFMC to provide 2-inch M5 Connectors and Chemical Throttle Valves (CTV) for Murphy Oil's Khaleesi/Mormont and Samurai tieback project in the U.S. Gulf of Mexico (GoM).Oceaneering…
UK-based chemicals giant INEOS will buy electricity from Engie’s Norther offshore wind farm in Belgium over a 10-year period, in what INEOS said was “the largest ever purchase contract of wind energy for heavy industry in Belgium.”According to INEOS…
Oceaneering has won a contract to provide a number of monobore diverless connectors for an offshore Western Australia project.Oceaneering said Wednesday it would supply 3-inch M5 connectors, which will be used for Monoethylene Glycol (MEG) and…
Norwegian energy giant Equinor said Wednesday it would build a gas-to-hydrogen plant in the UK in combination with carbon capture and storage. The captured carbon would be stored in offshore storage in the North Sea. Equinor said the facility…
China Petrochemical Corp, or Sinopec Group, has started hiring for six top management positions for a new commodities risk management unit, according to a statement posted on the state energy company's official wechat account on Sunday.Formally…
British oil major BP will sell its global petrochemicals business to Ineos for $5 billion, a transaction delivering BP's divestments target a year earlier than originally scheduled.Brian Gilvary, BP’s chief financial officer, said: “With today’s…
Sasol Ltd plans to cut jobs and end West African oil operations as part of a business revamp, the petrochemicals producer said on Thursday, and has also agreed a deal with lenders to relax borrowing rules.Sasol has been reviewing its business as it grapples with high debt levels…
Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia & Australia, discusses how traditional upstream oil and gas businesses are responding to this transitional period to continue to provide sustainable, affordable, reliable and safe access to energy…
Exxon Mobil Corp expects a gain of as much as $3.6 billion from the sale of its Norwegian oil and gas production assets to significantly lift results for the fourth quarter, according to a regulatory filing on Friday.The gain from the sale of the assets to Var Energi AS…
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