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As electric vehicles make their move into the fast lane, the two high-profile companies are partnering to keep them on track.

The Houston-based oil and gas producer says the latest transaction moves its divestment sum past $9 billion.

Tourmaline Oil Corp. said it has agreed to buy smaller Canadian producer Black Swan Energy.

IGU report highlighted pandemic-related delays that kept many international projects from coming on line in 2020.

The company's CEO said future plans for the 1,200-mile-long pipeline have been officially terminated.

Transocean has delayed the delivery of the first two drillships capable of drilling and completing wells requiting 20,000-psi pressure control and told investors they are arriving at a time when the demand for ultrahigh performance is coming back.

As with large-scale carbon-capture projects in Europe and in the US, the Canadian oil companies say they will need various forms of government support to help realize the goals of the Paris Agreement.

The latest success for the ExxonMobil-led consortium is also adding drillships to support a 15-well campaign in the Stabroek Block.

Texas-based independent exploration and production company Talos Energy and UK-based clean energy group Storegga Geotechnologies have formed an exclusive joint venture to source, evaluate, and develop carbon capture and storage (CCS) projects along the US Gulf Coast and in the Gulf of Mexico. Areas under consideration include state and federal waters offshore Texas, L…

The producers operate conventional and unconventional assets across the US Lower 48 and produced a combined 111,000 BOE/D in the first quarter of 2021.