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Recently, IPIECA, the United Nations Development Program, and the International Finance Corporation held a webinar to present their shared understanding of the United Nations’ sustainable development goals for the oil and gas industry.

A rise in oil prices close to 3-year highs should further stimulate a recovering oilfield services and equipment sector, despite lower than expected late-2017 activity in US shale.

The Irving, Texas-based supermajor plans to cash in on its expanded foothold in the Permian Basin, aided by a big reduction in the US corporate tax rate.

With portfolios that in some cases look dramatically different from a few years ago, the majors now have the ability to think about long-term upstream growth through deal making.

Full-year 2017 and fourth-quarter financial results show an improving picture for the industry’s three largest oilfield services companies. After 3-plus years of cutbacks, the service sector outlook has turned relatively positive.

SPE partnered with Baker Hughes, a GE company, in December to hold a session for sharing lessons learned regarding a significant safety incident during the dewatering phase of precommissioning a newly constructed, underwater pipeline.

Many startup companies promote the wonders of analytics but few can ensure that the methods used and data generated live up to the hype.

The global oil industry is positioned for stronger performance, reflecting the financial discipline and cost-cutting innovation driven by several years of low oil prices and the likely prospect of more stable market conditions.

Fatih Birol has been re-elected as executive director of the International Energy Agency (IEA) by the governing board for a second term. Birol became IEA’s executive director in 2015. He is the chairman of the World Economic Forum’s (Davos) Energy Advisory Board and serves as a member of the United Nation Secretary-General’s Advisory Board on Sustainable Energy for Al…

Siemens and GE are among the companies discovering the power of an open-source innovation community to offer solutions for significant oil and gas industry challenges, such as improved corrosion monitoring.