(Bloomberg) – Argentina and Chevron reached a deal where the oil company will invest up to $500 million in the El Trapial field in the Vaca Muerta deposit, Economy Minister Sergio Massa said on Twitter. Chevron will invest $300 million by next week, Massa said. The company could invest another $200 million this year depending on the advance...

(Bloomberg) – The Energy Department announced Friday it planned to purchase 3 million more barrels of crude oil for the Strategic Petroleum Reserve. A previous solicitation for about 3 MMbbl resulted in contracts awarded to five companies, with the oil being purchased for an average price of about $73 per bbl, according to a DOE statement....

(Bloomberg) – Russia’s President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman talked on OPEC+ cooperation by phone, the Kremlin said. The two leaders “gave high praise to the level of cooperation within the OPEC+ that allows to make timely and effective steps to maintain the balance of oil supply and demand,” according to...

(WO) – Eni signed a memorandum of understanding with Libya with the aim of studying and identifying opportunities to reduce greenhouse gas emissions and develop sustainable energy in the country, in line with Eni's strategy and with the Libyan government's objectives to accelerate decarbonization and energy transition processes. The signing took...

(Bloomberg) – Chevron Corp. said natural gas will play a long-term role in curbing emissions, bucking some environmental groups that see the fuel’s role as a temporary bridge to a low-carbon economy. To that end, European buyers are signing more gas-delivery contracts of a decade or more in duration as they seek replacement sources of the...

(WO) – New research published by DNV reveals that the energy industry is boosting its cybersecurity spending this year, as heightened geopolitical tensions and the accelerating adoption of digitally connected infrastructure spark concerns over the sector’s vulnerabilities to emerging cyber threats. Courtesy of DNV A majority (59%) of the 6...

(WO) – Strohm was awarded a contract with independent E&P operator PRIO (formerly known as PetroRio) to provide its composite pipe solutions to support operations at its Frade field. Strohms pipeline technology installed across Prios Frade field in offshore Brazil This contract with PRIO marks the first time Thermoplastic Composite Pipe (TCP...

(Bloomberg) – Russia would benefit from being transparent in publishing its oil production data as the OPEC group, which it leads along with Saudi Arabia, seeks to convince markets that it is pumping at pledged levels, the kingdom’s energy minister said. “We had a discussion with the Russian side regarding their responsibility to be clear and...

(WO) – CGG announced that Sercel has made a major sale of its GPR300 seabed nodal solution to Sinopec, the Chinese oil and gas exploration company. Over 6,000 nodes will be deployed this month in the Bohai Sea offshore China. The GPR300 seabed nodal solution delivers unprecedented broadband signal sensing capability and fidelity, and ultra-qu...

(Bloomberg) --Oil and gas will be part of the UK energy mix “for many, many years” opposition leader Keir Starmer said as he sought to reassure union critics of his Labour Party’s plans to phase out fossil fuels from the North Sea. The Labour proposals to ban all new North Sea oil and gas licenses are “naive” and would create a “c...