BP’s new chief Bernard Looney was applauded for taking the oil major in a “very different direction” with yesterday’s net-zero announcement.
Global oil and gas overall deal volume and deal value was down 17.7% and 10.8% respectively in 2019, as stagnant commodity prices, disappointing results and low returns left the industry searching for capital.
EnQuest has revealed plans to temporarily leave a pair of 1,200-tonne oil storage tanks from its Thistle platform at the bottom of the North Sea after structural concerns forced their removal.
Premier Oil creditors have voted in favour of the firm's plans to buy North Sea assets and extend debt maturities.
A fire broke out early Wednesday at Exxon Mobil's Baton Rouge oil refinery in Louisiana, halting production at the fifth-biggest fuel-making plant in the US.
The Deepwater Horizon oil spill may have been even larger than previously thought, research suggests.
The reduction in Chinese oil demand as a result of the coronavirus has taken its toll on African exports.
Industry leaders privately warned the Trump administration that the U.S. will struggle to produce the oil, gas and other energy products that China has committed to buy in a new trade deal, raising additional questions about one of the president’s signature economic achievements.
BP has been accused of lagging behind other oil majors when it comes to grasping the nettle of the energy transition.
Extinction Rebellion is broadening its list of targets to include financial services and the media in pursuit of its environmental goals.
Babcock warned on profits on Wednesday as its oil and gas business continued to struggle in a "frustrating" quarter.
The US has charged five of its citizens with conspiring to sell sanctioned Iranian oil to China.
BP has signed a sale and purchase agreement (SPA) for LNG from the first phase of its Greater Tortue Ahmeyim LNG project.
A start-up company led by two oil and gas stalwarts is launching a digital platform that aims to solve one of the most pressing problems facing the sector.
Premier Oil’s largest creditor has spoken out once more against the firm’s plans to acquire North Sea assets and extend debt maturities.
ExxonMobil’s PNG LNG expansion project risks being delayed several years after the government of Papua New Guinea rejected the US major’s proposed terms for the P’nyang field development.
As BP Plc’s new chief delivers his vision to transform the company on Wednesday, investors and activists want to know just how much appetite he has to take on the existential crisis facing the oil industry.
The removal of a Teekay-owned floating production, storage and offloading (FPSO) vessel from the North Sea could see further redundancy notices served to workers at the firm.
Investors who want to reduce their environmental footprints are in a “real quandary” because oil and gas still offers better returns than renewables, an analyst has said.
A North Sea minnow outlined plans to put its Greater Buchan Area (GBA) development project at the heart of the energy transition at Subsea Expo yesterday
The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international level, reducing demand for oil, which has lost about a fifth of its value since the start of the year.
Chevron has lined up a Sea Swift platform from Aquaterra Energy for work on the Lifua-A field, in Block 0.
Norway’s oil and gas regulator has recovered “most of” a £1.5million sum stolen last year by fraudsters.
Oceaneering will provide riserless light well intervention (RLWI) work to BP offshore Angola, in Blocks 18 and 31.
Qatargas will supply 1 million tonnes per year of LNG to Shell, for delivery to Kuwait, starting this year.