Shell, the top U.S. offshore producer, said this week that two of its wells to boost production at the Perdido offshore development were delayed to the end of the year, while one was brought online in March.All three wells, part of Perdido's Great White unit…
Mexican state energy company Pemex plans to reopen old wells in a bid to squeeze more barrels out of them to boost declining oil production, according to two documents and four sources, as it struggles to reach an ambitious government target…
ConocoPhillips beat Wall Street estimates for first-quarter profit on Thursday and said Chief Financial Officer Bill Bullock will retire after 39 years with the Texas-based oil and gas producer.The $22.5 billion acquisition of Marathon Oil has boosted ConocoPhillips' presence in the Permian…
A coalition of Democratic state attorneys general sued on Monday in a bid to block President Donald Trump's move to suspend leasing and permitting of new wind projects, saying it threatens to cripple the wind industry and a key source of clean energy…
The former head of Mexican state oil firm Pemex's exploration and production arm has returned to his post after the surprise departure of the previous chief this week, three sources told Reuters on Friday.Petroleum engineer Angel Cid Munguia…
Exxon Mobil on Friday beat Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings.Profit during the January-March quarter was $7.71 billion or $1.76 per share…
Chevron on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in the current quarter, reflecting the shaky economic outlook faced by Big Oil.The company's share repurchases this year could be between $11…
Shell Offshore and Shell Pipeline Company (SPLC), subsidiaries of Shell, have completed the previously announced agreement to increase their stake in the Ursa platform in the Gulf of America through the acquisition of working interest from ConocoPhillips…
Equinor stands to lose billions of dollars on its massive wind power project offshore the state of New York unless U.S. President Donald Trump's administration reverses a decision to halt the construction, the Norwegian group said on Wednesday…
Offshore drilling company Valaris has secured over $1 billion of new contracts and extension for its drilling rigs since its previous fleet status report published mid-February 2025.Valaris’ contract backlog, excluding lump sum payments such as mobilization fees and capital reimbursements…
Energy industry services firm EnerMech has secured a contract from oil company LLOG for pre-commissioning services at the Salamanca platform in the Gulf of America.The contract covers hydrotesting and nitrogen dewatering of three 8-inch infield flowlines…
CRP Subsea, an AIS company, has secured a contract with Shell for the supply of crushable foam wrap (CFW) for the Whale deepwater development in the Gulf of America.The initial order is for one well-set, with additional orders for four more well-sets expected throughout 2025…
SBM Offshore has signed a contract with BP for the wet tow and installation of the Kaskida semi-submersible Floating Production Unit (FPU) in the Gulf of America.The Kaskida field is a greenfield development located approximately 250 miles southwest of New Orleans…
Equinor on Wednesday said it believes the decision of U.S. President Donald Trump's administration to halt the construction of a multi-billion dollar offshore wind power project is unlawful and that the group may take legal action.In a blow to the nascent U…
Woodside has signed an agreement with BP for the supply natural gas to the Louisiana LNG project.The agreement represents the first tranche of a diversified portfolio of feedgas that will support the Louisiana LNG project, enabled by the project’s…