Adnoc Drilling (ADX:ADNOCDRILL) said Tuesday it is ready to increase its oil production capacity if sought by its parent company, state-owned Abu Dhabi National Oil Co., or Adnoc.
Youssef Salem, chief financial officer of the offshore drilling company, told Reuters in an interview that Adnoc Drilling can deliver "any production capacity" by 2027 beyond the current target of 5 million barrels per day.
Ecopetrol (EC) said Tuesday its President Ricardo Roa has been charged with alleged violations of spending limits related to the country's 2022 presidential campaign following a probe by Colombia's General Prosecutor's Office.Ecopetrol said Roa has rejected the charges filed by the prosecutor's office.The company said on April 7 that its board had approved an unpaid leave of absence for Roa, effective May 28 for 30 days, following a scheduled vacation from April 7 to May 27.
National Energy Services Reunited Corp. (NESR) has an average rating of buy and mean price target of $30.86, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $24.84, Change: $-0.59, Percent Change: -2.32%
TotalEnergies (TTE.PA, TTE.L), QatarEnergy and ConocoPhillips signed a memorandum of understanding with Syrian Petroleum Co. to jointly assess exploration opportunities at Syria's offshore Block 3 area in the Mediterranean Sea.The agreement includes a technical review of the offshore area by the French energy giant and its partners, and establishes the framework for discussions related to exploration activities, according to a Tuesday release.