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The no-debt transaction will result in a combined company with 24 offshore drilling units.

The deal follows investor pressure shared across the US shale sector to reduce leverage and capital outflows.

The Norwegian Petroleum Directorate and Equinor have announced the biggest discovery so far this year on the Norwegian Continental Shelf. Three wildcat wells drilled in the Blasto prospect near the Fram field confirmed the find and were then permanently plugged and abandoned.

The contractor will design and construct a newbuild FPSO destined for the giant Australian gas project in 2025.

The expansion of the Changhau wind project is part of Taiwan’s ambitious plans to bring the country’s overall capacity to 15.5 GW in 2035.

Schlumberger has won a $480-million contract to drill 96 oil wells in southern Iraq for the country’s Basra Oil Company and for ExxonMobil, which operates the giant West Qurna-1 field with partners from Iraq, Japan, Indonesia, and China. West Qurna-1 is one of the world’s largest oil fields.

The duo also plan to develop and mature new technologies across the carbon-capture value chain.

County commissioners halted permitting of oil and gas and "1041" land use applications until 15 April while county leaders work to revise regulations.

Scientists at the Sandia National Laboratories are using machine learning to find methane hydrates on the seafloor, using an approach similar to weather forecasting.

The world's largest oil company has taken its lumps from 2020 and is ready to look forward to higher oil demand and the coming of a hydrogen market.