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July 26, 2022

U.S. to sell additional 20 million barrels of oil from strategic reserve-oil and gas 360

U.S. to sell additional 20 million barrels of oil from strategic reserve

July 26, 2022

Reuters The Biden administration on Tuesday said it will sell an additional 20 million barrels of oil from the Strategic Petroleum Reserve as part of a previous plan to tap the facility to calm oil prices boosted by Russia’s invasion of Ukraine and as demand recovers from the pandemic. The administration said in late March it would release a record

Big oil firms set to post record profit despite gas outages- oil and gas 360

Big oil firms set to post record profit despite gas outages

July 26, 2022

Nasdaq LONDON – The world’s largest energy traders, independents and majors, are poised to post record earnings for the first six months of the year due to volatility in markets caused by the Ukraine war and despite LNG supply problems, sources with the companies said. Vitol, Glencore, BP, Shell and TotalEnergies have yet to report first-half 2022 results, but sources

Kosmos Energy awards Schlumberger integrated subsea boosting system contract- oil and gas 360

Kosmos Energy awards Schlumberger integrated subsea boosting system contract

July 26, 2022

World Oil HOUSTON — Schlumberger announced an award to OneSubsea® and its alliance partner, Subsea 7, by Kosmos Energy Gulf of Mexico Operations, LLC, for an engineering, procurement, construction and installation (EPCI) contract for the Odd Job field in the Gulf of Mexico. Through the EPCI contract, OneSubsea, the subsea technologies, production, and processing systems business of Schlumberger, will supply a subsea

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