Total and Apache have announced a fourth discovery at Block 58, offshore Suriname.
Staffing levels are increasing at LNG Canada following a COVID-19 outbreak in November and December.
Oil and gas companies across the globe are facing something of a balancing act currently.
Shell will lay off 700 workers after closing its Convent refinery in Louisiana, part of a company effort to reduce carbon emissions.
Halliburton will lay off 216 employees in North Texas as the coronavirus pandemic continues to depress demand for oil-field services and equipment.
Craig International’s expansion into North America, the Middle East and South Africa reaped big rewards during the year to April 30.
Houston-headquartered oilfield equipment maker National Oilwell Varco has become the latest firm in the hydrocarbons sector to announce a soft rebrand.
Scottish engineering firm Weir Group has said completion of the sale of its oil and gas division to Caterpillar has been delayed due to Covid-19.
Diamondback Energy is planning a pair of acquisitions worth more than $3 billion that would strengthen its position in the Midland Basin of West Texas.
Shell said today it expects to record post-tax charges of £2.6 billion to £3.4bn in the fourth quarter of 2020.
London-listed oil explorer Bahamas Petroleum Company (BPC) said today that drilling of the Perseverance well had begun.
ABIS Energy is passionate about Guyana. We have been engaged with the Guyana economy for the past 4 years and foresee a bright future.
Hunting has sold its US drilling tools subsidiary to Rival Downhole Tools in exchange for a minority stake in the Texan oilfield equipment supplier.
Fugro has clinched a contract with Malaysian oil firm Petronas for positioning services for an exploration programme in the Guyana-Suriname Basin.
Guyana is the world’s most exciting frontier oil and gas exploration area. There’s a lot of oil, it’s good quality and it’s relatively cheap to produce. It has attracted a host of major players, including Hess, CNOOC, Total, Repsol, Qatar Petroleum, Tullow and, above all, ExxonMobil.
Petronas has made a first discovery offshore Suriname, in Block 52, at the Sloanea-1 exploration well.
“We set it up from day one to focus on free cash flow and, as we’ve grown, that strategy really hasn’t changed. The industry has operated for too long on negative free cash flow.”
The direction of travel appears clear; around a quarter of the current offshore floater rig fleet - ships and semi-submersibles - will be sent to the scrapyard near-term.
ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc.
Trafigura Group Ltd. denied bribery allegations leveled by Brazilian prosecutors in a civil lawsuit claiming the commodities trader and its staff participated in a kickback scheme to win business with state oil producer Petroleo Brasileiro SA.
Scottish oil and gas drilling giant KCA Deutag is changing hands as part of a financial restructuring to slash debt.
Bahamas Petroleum Company (BPC) said today that measures put in place to tackle Covid-19 had led to a 15% increase to the cost estimate for its Perseverance well.
Six American oil executives held for three years in Venezuela have been found guilty of corruption charges by a judge and immediately sentenced to prison.
The Joe Biden climate plan, Energy sector experts breakdown what to expect as the new US President looks to change the country's climate change stance.