Clarkson Research projects offshore oil and gas capex this year to fall to $85 billion, the lowest since 2020.

Equinor is extending critical service and supplier agreements, including integrated drilling and specialist services, to ensure continued production from the Norwegian ...

Occidental Petroleum Corp. has named senior vice-president and chief operating officer Richard Jackson to succeed Vicki ...

The pipeline project, which still requires federal and state permits, faces opposition from environmental and Indigenous groups.

Executives say they’re not making a big price call by increasing their budget by up to $500 million but are looking to ...

Global oil inventories are expected to grow more than 2 million b/d in late 2025, leading to lower crude prices. OPEC+ and non-OPEC producers are likely to cut production in response to falling prices ...

Conversations with the services provider have shifted to activity that’ll take place in the year's second half. “That ...

Subject to regulatory approvals, the deal aligns with Petrobras’ strategy to strengthen its position in the Campos basin, ...

These international partnerships aim to unlock Venezuela's vast hydrocarbon resources, including natural gas and heavy oil, ...

The Walyering West-1 well drilled to 3,650 m identified gas pay in Jurassic sandstone reservoirs, with plans under way for flow testing and possible integration into existing ...

Following a fire at its Port Arthur refinery, Valero has restarted several units, but the diesel hydrotreater's rebuild is ...

Equinor has been granted a drilling permit for a wildcat well in PL 532. The license contains the Johan Casteberg project. The well will be drilled by the Transocean Enabler semisubmersible drilling ...