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Oil Tumbles as OPEC Plan Adds to Bearish Momentum

Oil tumbled after OPEC+ unexpectedly rolled out a plan to restore some production to the market this year, adding to the bearish momentum crude has been experiencing for months.

3:28 PM EST | June 03, 2024

LyondellBasell Closes Acquisition of NATPET Stake

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‘This investment in NATPET reflects our commitment to grow and upgrade our core businesses and strengthen our presence in Saudi Arabia through a new long-term partnership’.

9:59 AM EST | June 03, 2024

Equinor Taps Seattle AI Firm for Digitalization

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Under the agreement, Equinor will implement Seeq to ’empower its engineering teams to optimize production and improve energy performance across a variety of assets’.

9:54 AM EST | June 03, 2024

Petronas Signs Energy MOU With Sinopec

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‘The collaboration will focus on sustainable growth in the areas of commodity and specialty chemicals, crude oil and liquefied natural gas trading, lubricants, and digital solutions’.

2:30 AM EST | June 03, 2024

Wood Mackenzie Names Most Admired Explorer

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‘The industry continues to admire operators who can not only open new frontiers, but also find large volumes of advantaged resources,’ Wood Mackenzie said.

7:19 AM EST | May 31, 2024

Obsidian to Acquire Clearwater Assets for $55.5MM

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‘A substantial portion of the acquired lands at Peavine are adjacent to and extends our Clearwater Dawson field, which is providing robust production results above our expectations’.

3:00 PM EST | May 30, 2024

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