The Senate Energy and Water Development Subcommittee will hold an important hearing on the fate of the U.S. Department of Energy’s Fiscal year 2020 funding request during Wednesday afternoon, March 27.
China’s oil giants aim to spend the most in five years in pursuit of higher energy output. But unlike global rivals investing in top-tier assets, the state-owned producers are trying to boost supply from fields that are either old and high-cost or new and challenging.
Royal Dutch Shell took a step forward in its aim to become the world’s biggest power company with an aggressive move into the UK retail market by offering one of the cheapest tariffs available.
The Abu Dhabi National Oil Company (ADNOC) signed agreements, awarding the exploration rights for Abu Dhabi Onshore Block 1 to a consortium of two Indian oil companies, Bharat Petroleum Corporation Limited and Indian Oil Corporation Limited.
Tenaris S.A. has announced that it has entered into a definitive agreement to acquire from PAO TMK, a Russian company and manufacturer of steel pipe, 100% of the shares of its wholly owned U.S. subsidiary IPSCO Tubulars, Inc., for $1,209 million, on a cash-free, debt-free basis, which includes $270 million of working capital.
The Houston Ship Channel won’t reopen until the U.S. Coast Guard verifies that a cloud of cancer-causing benzene has dissipated and oily runoff from the region’s worst chemical disaster in 14 years poses no threat to vessels or their crews.
Bankers in Guayaberas huddled in Acapulco to roll out a new online payment system and to pledge financial inclusion. But all anyone could talk about in the corridors was the nation’s ailing oil company, Pemex, and a new plan to try and save it.
McDermott International, Inc. has announced a substantial* contract award from a Middle East customer for engineering, procurement, construction and installation (EPCI) services in the Arabian Gulf.
A top Interior Department official told oil industry leaders the Trump administration is seeking to sign contracts leasing new coastal waters for oil drilling under favorable terms that will be difficult for future presidents to revoke or rewrite.
Wintershall is looking back in 2019 not only on 125 years of company history, but also on a successful past business year.
Venezuela’s exports to the U.S. hit zero last week after American sanctions on PDVSA.
Bureau of Safety and Environmental Enforcement (BSEE) Director Scott Angelle emphasized BSEE’s commitment to safe and environmentally sustainable energy production during meetings in Louisiana with the Greater Lafourche Port Commission, the Louisiana Mid-Continent Oil and Gas Association and BSEE Gulf of Mexico Region staff.
The Trump administration’s pro-drilling policy took a blow when a federal judge ordered a halt to oil and gas exploration on more than 300,000 acres in Wyoming, saying the government must account for its cumulative effect on global climate change.
On behalf of the Johan Sverdrup license, Equinor is awarding a contract for constructing and installing the subsea production system for project phase 2 to TechnipFMC.
The Abu Dhabi National Oil Company (ADNOC) signed an agreement, awarding the exploration rights for Abu Dhabi Onshore Block 4 to Japan’s INPEX Corporation. A wholly-owned INPEX subsidiary, JODCO Exploration Limited, will hold and manage the interest in the concession on behalf of INPEX.
Jumbo wins offshore subsea decommissioning project in the North SeaJumbo has been awarded an offshore decommissioning project in the North Sea by TAQA Energy BV, involving the removal, transportation and disposal of three subsea protection domes and piles.