SLB Launches Retina, a New Solution for Downhole Imaging
SLB’s Retina imaging technology helps operators evaluate formations by providing precise measurements at first contact.
Energy Transition in Motion (Week of May 9, 2025)
Here is a look at some of this week’s renewable energy news, including a low-carbon deal between Exxon Mobil and Marubeni.
The Future Remains Bright for Offshore Oil and Gas, Rystad Says
In the midst of a global energy transition, offshore oil and gas production continues to not only be viable, but essential, says Rystad Energy.
GeoPark Names Felipe Bayon as New CEO
GeoPark’s new CEO Felipe Bayon formerly served as the CEO of Latin American energy major Ecopetrol from 2017 to 2023.
Ørsted Adds New Members to Group Executive Team
Offshore wind developer Ørsted appoints Amanda Dasch as chief development officer and Godson Njoku as chief generation officer, effective May 1.
Tankers Chartered by Chevron to Move Venezuelan Crude Seek Other Business
Some tankers Chevron had chartered to move crude from Venezuela to the U.S. this month are now being marketed for spot contracts elsewhere.
Energy Sector Braces for Impact from Tariffs
The oil and gas industry is bracing for the near-term impacts of Trump’s tariffs as oil prices fall, steel prices rise and M&A slams on the brakes.
US Judge to Decide on Starting Bid in Citgo Parent Auction Following Hearing
A U.S. court is to decide on a $3.7 billion offer for shares in the parent of Venezuela-owned refiner Citgo Petroleum.
SBM Offshore Signs $400MM Sale and Leaseback for FPSO Cidade de Paraty
SBM Offshore holds a 63.125% interest in FPSO Cidade de Paraty, located offshore Brazil.
Citgo Stalking Horse Bidder Draws Ire from Investors
A court-appointed special master recommended a stalking horse bidder for the parent of Citgo Petroleum, which drew objections from Gold Reserve and other investors.