Oil Hits First Monthly Decline This Year
Oil marked its first monthly decline since November as OPEC+ completed the return of output it halted during the pandemic and signs emerged that the US economy was on weaker footing than expected.
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Baker Hughes To Assist With Flaring Emissions Reduction In Egypt
Baker Hughes and Petrosafe, a subsidiary of the Egyptian General Petroleum Corporation, have announced a contract to reduce flaring emissions in refinery ops in Egypt.
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Shell Hires Maersk Rig For High-Impact Pensacola Well
Shell has stated that a rig contract has been signed for the drilling of the high-impact Pensacola exploration well in License P2252 off the UK.
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OPEC+ Ratifies August Supply Hike
The 23-nation group led by Saudi Arabia rubber-stamped plans to add 648,000 barrels a day in August.
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Will Biden's Gasoline Tax Holiday Gain Congress Support?
Fitch Solutions offers its view.
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Petrofac, Hitachi Energy Enter Offshore Wind Collaboration
Petrofac and Hitachi Energy have entered a collaboration to provide joint grid integration and associated infrastructure to support the rapidly growing offshore wind market.
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Trinity E&P Kicks Off Six-Well Onshore Drilling Campaign
Trinity Exploration & Production has begun drilling operations for the first well of its 2022 six-well program.
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