With brand-name drillers unwilling to jump in, Venezuela is resorting to a newly formed U.S. company for help in shoring up production from its crude reserves, the largest in the world.
Jobs in the Texas oil patch dropped for the first time in almost two years, according to the state’s workforce commission.
Brent crude headed for its biggest weekly gain since December 2016 as Saudi Arabia’s production cuts outweighed concerns over the health of the global economy.
The new head of Brazil’s state-controlled oil company criticized its history of government interference and vowed to pursue policies that will boost profit, echoing a wider pledge by President Jair Bolsonaro to reduce the state’s role in Latin America’s largest economy.
India’s biggest refiner Indian Oil Corp Ltd said on Wednesday that Iran may still invest in a refinery expansion project at one of its subsidiaries.
Saudi Aramco, a world-leading integrated energy and chemicals company; and LANXESS AG, a leading German specialty chemicals company, announced the completion of Saudi Aramco’s acquisition of LANXESS‘s interest in ARLANXEO Holding B.V.,
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply air cooler systems to a gas processing plant in the U.S.
EXMAR announced that its Floating LNG Liquefaction Unit (FLNG), to be renamed Tango FLNG, has left China to the destination of its liquefaction operations: Bahia Blanca, Argentina.
DNO ASA, the Norwegian oil and gas operator, today announced that its subsidiary DNO Oman Block 8 Limited has relinquished operatorship and participation in Oman Block 8 to the Sultanate of Oman's Ministry of Oil and Gas (MOG) and state-owned Oman Oil Company Exploration and Production LLC (OOCEP).
The resource estimates on Goliat continues to increase. Vår Energi AS has together with license partner Equinor completed an appraisal in PL 229 in the Barents Sea through the successful drilling of the 7122/7-7 S Goliat West appraisal well.
Maryland's Board of Public Works voted against a proposed pipeline easement across the western part of the state that would enable TransCanada to transport natural gas from Pennsylvania to West Virginia.
Halliburton Company has announced its board of directors has appointed Jeff Miller, the company’s president and CEO, as chairman of the board, effective Jan. 1, 2019.
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces the results of the Brasse East exploration well 31/7-3 S and the Brasse appraisal sidetrack 31/7-3 A in the northern North Sea (Faroe 50% working interest and operator).
Total has started up production on Dec. 29, 2018 from Egina field, located in around 1,600 m of water depths, 150 km off the coast of Nigeria. At plateau, Egina field will produce 200,000 bopd, which represents about 10% of Nigeria’s production.
U.S. President Donald Trump’s criticism of the Russian-backed Nord Stream 2 pipeline is no reason to stop the project and any attempt to do so would be difficult now that it is being built, European Commissioner Guenther Oettinger said.