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Updated: 59 min 43 sec ago

Gulf of Mexico Operator Awards Construction Contract

Thu, 07/08/2021 - 22:16
A Gulf of Mexico operating company has awarded Danos a contract to perform construction work on two shelf assets. PHOTO SOURCE: Danos

Oil Sands Carbon Cuts Come with $60B Bill

Thu, 07/08/2021 - 19:26
It will cost about $60 billion to zero out greenhouse gases from oil sands operations by 2050, according to two of the industry's top CEOs.

Majors Team Up for New Research Project

Thu, 07/08/2021 - 19:09
GHGSat has revealed that Chevron (NYSE: CVX), Shell (NYSE: RDS.A), and TotalEnergies (NYSE: TTE) are supporting its new research project.

Oil Down as Virus and OPEC+ Feud Darken Outlook

Thu, 07/08/2021 - 18:10
Oil fell for a fourth day in New York as concerns over the delta coronavirus variant rose, and the Saudi Arabia-UAE dispute kept the market guessing on the prospects for supply.

UKCS Decom Costs Drop by Nearly $20B

Thu, 07/08/2021 - 17:55
The total cost of decommissioning UK Continental Shelf offshore oil and gas infrastructure has reduced by nearly $19.3 billion since 2017.

Oil Could Jump Towards $80 in Days

Thu, 07/08/2021 - 17:25
The lack of a new OPEC+ policy from August could continue to hike prices towards $80 in the coming days and weeks, according to Rystad Energy.

McDermott Wins New Subsea Customer

Thu, 07/08/2021 - 16:30
McDermott has won a subsea contract for a gas field development project between Timor-Leste and Australia.

Saudi Aramco Extends Contract for Drilling Rig

Thu, 07/08/2021 - 16:30
Saudi Aramco has extended its contract for a standard-duty jack-up rig.

Oil Prices Decline for Third Trading Day

Thu, 07/08/2021 - 03:57
Oil fell for a third straight session.

Shell Pledges to Boost Investor Returns

Thu, 07/08/2021 - 01:05
Royal Dutch Shell Plc promised to make further amends with investors for last year's historic dividend cut

Abbott Urges Stronger Energy Incentives in Texas

Wed, 07/07/2021 - 23:58
Texas Governor Greg Abbott is pushing regulators to strengthen incentives for fossil fuel and nuclear power generators.

BP Awards Four-well Offshore Contract

Wed, 07/07/2021 - 21:30
BP has awarded drilling contractor Valaris Limited a four-well contract offshore West Africa.

USA Pump Prices Return to 2014 Territory

Wed, 07/07/2021 - 19:52
The gasoline consumption rebound has helped to propel pump prices to their highest level since 2014.

Carnarvon Petroleum Commits to Net Zero

Wed, 07/07/2021 - 19:18
Carnarvon Petroleum Limited (ASX: CVN) committed to achieving net zero emissions by 2050, or earlier, on Tuesday.

TechnipFMC Bags Significant Tullow Deal

Wed, 07/07/2021 - 18:58
TechnipFMC (NYSE, PARIS: FTI) has announced that it has been awarded a significant integrated Engineering, Procurement, Construction, and Installation contract for the Jubilee South East development.

Shale Rushes to Lock In Oil Rally

Wed, 07/07/2021 - 18:31
As soon as OPEC+ negotiations fell apart on Monday U.S. shale executives began hitting the phones.

Petronas and CNOOC in $7B LNG Deal

Wed, 07/07/2021 - 18:07
Petronas LNG Ltd has secured a 10 year deal, worth around $7 billion, to supply LNG to CNOOC Gas and Power Trading & Marketing Limited.

Oil Up as OPEC+ Clash Keeps Prices Volatile

Wed, 07/07/2021 - 17:14
Oil rose in New York, recouping some of the previous day's losses, as prices remain volatile while an impasse prevents OPEC+ from boosting output.

Eni Announces Significant Oil Find

Wed, 07/07/2021 - 16:20
Eni (NYSE: E) has announced a significant oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana.

Diamond Offshore Strikes Training Deal with Maersk

Wed, 07/07/2021 - 16:05
Maersk Training will provide support to Diamond's global team, including the Ocean BlackHornet drillship. PHOTO SOURCE: Maersk Training