The Trump administration gave final approval on Monday for a contentious oil and gas leasing plan on the coastal plain of Alaska's Arctic National Wildlife Refuge, where critics worry about the industry's impact on polar bears, caribou and other wildlife.
By the end of the third quarter, most U.S. oil producers plan to restore nearly all of the production shut down during the oil crash, according to a new report.
A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured the planet for resources.
Total and its partners have taken an investment decision for the third phase of the Mero project offshore Brazil.
With COVID-19 continuing to bring business disruption even as global lockdowns ease, the impact on the energy sector has prompted a review of existing contracts and serious repercussions for any negotiations returning to the table.
Venezuela’s fuel crisis is poised to deteriorate even further after one of its biggest refineries was halted over the weekend following a nearby oil spill.
Drilling services firm Archer made pre-tax profits of £2.3 million in the first half of 2020 despite being hit hard by the Covid-19 pandemic and low oil price.
Plans are gathering pace for a digital business event which will highlight opportunities to link businesses in the North East of Scotland with a newcomer on the list of oil producing countries.
Noble Energy raised the possibility of selling out to Chevron on May 12. The super-major took only until May 28 to indicate it would be keen for such a deal.
Sasol has warned that adjusted EBITDA is expected to decline by between 17% and 37% for the financial year.
Aberdeen-headquartered Stena Drilling is expected to commence operations off the coast of Guyana “imminently” after its vessel arrived on location.
Halliburton Co. has been slashing jobs and retiring fracking gear as low oil prices crushed its order book. Now it’s going one step further by selling the land its business rested on.
I3 Energy has issued more than half a million new shares to fund its acquisition of Gain Energy’s petroleum and infrastructure assets.
Occidental Petroleum Corp. reported a $6.6 billion writedown in the second quarter, equivalent to more than 40% of its market value, as the collapse in energy prices took its toll on the debt-laden U.S. shale oil producer.
Job losses related to the coronavirus pandemic are approaching the 100,000 mark for US oilfield services companies as layoffs continued to mount in July.
Oil and gas explorer i3 Energy has agreed a deal to sell part of its soon-to-be-acquired assets in a deal worth £25 million.
Apache recorded pre-tax losses of £3.8 billion in the first half of 2020 as the firm creaked under the weight of lower oil and gas prices.
French energy giant Total this morning announced first-half net losses of £6.5 billion, but provided some cheer by maintaining its dividend and celebrating a major discovery off Suriname.
Total SE announced an $8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the long-term viability of some oil and gas assets.
Norwegian energy services firm Aker Solutions has clinched a five-year contract extension from ExxonMobil to provide a range of services on the Hebron platform, offshore Newfoundland.
Cavitas Energy’s mission to develop a downhole device aimed at improving the economic feasibility of heavy and enhanced oil recovery has taken a major leap forward.
An Aberdeen headquartered marine services and mooring specialist has secured a deal worth in excess of £1 million.
Alaska’s North Slope basin has a long history of successful oil discoveries — recent discoveries have included the two largest conventional oil discoveries onshore North America in over 40 years.
In California’s sun-drenched Kern Valley, Chevron Corp. has found a way to use one of the state’s clean-energy programs to cut the cost of pumping oil, to the chagrin of some environmentalists.
Weatherford has won a two-year, $15m contract with a major independent operator in Argentina.