Ring Energy Closes Acquisition of CBP Assets From Lime Rock
Wedoany.com Report-Apr. 8, Ring Energy, Inc., a Texas-based company, has finalized its acquisition of Central Basin Platform (CBP) assets from Lime Rock Resources IV LP in the Permian Basin. The deal,...
China Teapot Oil Refiners Improve Run Rates but Demand Woes, Sanctions Weigh
Wedoany.com Report-Apr. 7, Operating rates at China’s independent oil refiners in Shandong province, often called teapots, have recently increased slightly, reaching 46% capacity in March 2025, ...
Saudi Arabia Cuts Oil Prices to Asia to Four-Month Low
Wedoany.com Report-Apr. 7, On Sunday, Saudi Arabia, a leading global oil exporter, reduced crude oil prices for Asian buyers for May deliveries, setting them at the lowest level in four months. This a...
SLB Lands Major Drilling Contract for Woodside’s Ultra-Deepwater Trion Development
Wedoany.com Report-Apr. 5, SLB secured a significant drilling contract from Woodside Energy, an Australian company, for the Trion ultra-deepwater project located offshore Mexico. SLB will manage the d...
Equinor Awards NCS Well Plugging Contracts
Wedoany.com Report-Apr. 5, Norwegian energy major Equinor ASA has contracted Island Drilling Company AS to plug wells on Equinor-operated fields on the Norwegian continental shelf (NCS). Equinor said ...
Shell Completes Singapore Refinery Sale to Chandra Asri-Glencore JV
Wedoany.com Report-Apr 1, Shell has recently completed the sale of its Singapore refinery and refining assets to a joint venture involving Chandra Asri and Glencore. Trade sources indicate that the ne...
44-Year Old Rig Crosses the Finish Line at Offshore Drilling Job in UAE
Wedoany.com Report-Apr. 5, Ocean Oilfield Integrated Solutions has recently completed an offshore drilling assignment in the United Arab Emirates (UAE), marking the successful conclusion of one of its...
China’s CNOOC Exits U.S. Offshore Oil and Gas
Wedoany.com Report-Apr. 5, British energy firm Ineos has finalised its acquisition of the U.S. Gulf assets from China’s state-owned oil company, CNOOC. The deal, completed on April 02, 2025, inc...
Canada’s Trans Mountain Pipeline Lowers Forecasts for Amount of Oil It Ships
Wedoany.com Report-Apr. 3, Canada’s Trans Mountain oil pipeline has revised its forecasts downward for oil volumes expected to flow through its system over the next three years, according to doc...
Mexico’s Finance Ministry Estimates Crude Oil Production 129,000 Bpd Below Target
Wedoany.com Report-Apr. 3, Mexico has adjusted its crude oil production forecast for 2025, reducing the estimate by 129,000 barrels per day (bpd). The finance ministry announced this change in its pre...