| | | | | | Oil prices hit nearly 6-week highs as geopolitical tensions in the Middle East intensify, threatening the Strait of Hormuz and Bab el-Mandeb maritime routes and increasing supply disruption fears. |
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| | | | CEO Dennis Degner said capital spending in 2027 will be in the same range as this year’s $650-700 million. |
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| | At 411.7 million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated. |
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| | | The Unitized ATAPU consortium, operated by Petrobras, intends to develop a portion of Atapu field in Santos basin about 230 km off the coast of Rio de Janeiro in 2,000-2,350 m water depths. |
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| ABL will oversee the transportation and installation of the floating storage and offloading vessel's mooring, pipelines and other subsea infrastructure. |
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| | | Velesto Drilling has been awarded a $51-million integrated rig, drilling, and completion services contract for work offshore Malaysia. |
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| Wayne Borduin will begin as executive vice-president and CFO of Chevron Phillips Chemical Co. on Sept. 1. |
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