Natural gas processing and transportation firm Williams Cos Inc said on Friday it executed deals with oil major Chevron Corp's unit to support natural gas development in the Haynesville basin as well as the deepwater Gulf of Mexico. Williams said it would provide natural gas gathering services to Chevron's 26,000-acre Haynesville assets, while the oil major agreed to a long-term capacity commitment on Williams' Louisiana Energy Gateway (LEG) project…
Top energy executives and officials from around the world will descend on Houston next week just as the political fallout from Russia's invasion of Ukraine a year ago continues to distort global oil supply lines and put long-term energy security front of mind for governments…
Chinese oil and gas major CNOOC has sounded out potential buyers of its interests in U.S. oilfields, two sources said, stepping up its retreat from Western nations amid sanctions concerns and calls for domestic investment. Reuters reported in…
BP is targeting the North Sea and U.S. shale basins to boost oil and gas supplies in the short term in response to the global energy crisis, its head of oil and gas operations told Reuters.BP aims to cut its oil and gas output by 40%, or 1 million barrels of oil equivalent per day (boed)…
Stephen Chazen, who rose to the top of Occidental Petroleum OXY.N during a lengthy career and after his retirement started and ran a Texas shale-oil producer, has died aged 76 after an illness.Chazen was chief executive and chairman of Houston-based Magnolia Oil and Gas Corp…
The UK Government has announced it will support a new oil and gas licensing round in the North Sea that is expected to be launched in October. It has also lifted a moratorium on shale gas production in England. In a statement, the government said…
China's CNOOC Ltd has tapped commercial flows of oil and gas from a shale exploration well in the South China Sea, marking the first successfully drilled shale oil well offshore China, state media reported on Thursday.Exploration well Weiye-1…
U.S.-based Great Lakes Dredge & Dock Company (GLDD) has ordered rock installation equipment from the Dutch company Huisman.The equipment will be installed on the GLDD's newbuild rock installation vessel, which will support the development of offshore wind in the U…
Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.For ConocoPhillips…
The Norwegian offshore oil and gas safety body Petroleum Safety Authority Norway has identified breaches of regulations aboard Dolphin Drilling's Borgland Dolphin drilling rig and has issued the rig owner with a notification of order.The PSA…
OPEC forecast on Thursday that world oil demand would rise in 2022 to reach a level similar to before the pandemic, led by growth in the United States, China, and India.The Organization of the Petroleum Exporting Countries said in its monthly report that demand next year would rise by 3…
The price gap between the world's two most actively traded oil contracts narrowed to its lowest in more than seven months, demonstrating that U.S. oil output is still in the COVID-19 doldrums with the market likely to remain undersupplied.North Sea Brent futures traded at a premium of $1…
Spending in the upstream oil and gas sector is expected to gradually begin to rise from 2022, however, it will not reach the pre-crisis period any time soon as the toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping $285 billion…
Norway's Equinor has agreed to sell its assets in the U.S. Bakken shale oil province after a decade of multi-billion-dollar losses and criticism for poor investment decisions.Equinor will sell its entire Bakken acreage, located in the states of North Dakota and Montana to Grayson Mill Energy…
U.S. oilfield services provider Danos has said it has been awarded a multi-year contract for production operations with an unnamed major oil and gas producer in the Gulf of Mexico. 'As a result, Danos has transitioned 107 personnel to the company’s…
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