Imperial Oil set its 2025 capital and exploration expenditures budget at $1.9-2.1 billion (Can.).
Beacon Offshore Energy has let a contract to Subsea7 for the Monument development in the US Gulf of Mexico.
Saudi Aramco has let a contract to Subsea 7 SA under a long-term agreement.
The US Bureau of Ocean Energy Management (BOEM) on Dec. 6 moved closer to holding more offshore Gulf of
Chevron Corp. expects to spend two-thirds of its $13-billion 2025 upstream spending budget to develop its US portfolio, reducing
