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The software solution aims to improve operational efficiency and production from subsurface to processing facilities in four offshore fields. -
Oxy Low Carbon Ventures and Rusheen Capital Management have formed a development company to finance the world’s largest carbon-dioxide-capturing facility using Carbon Engineering’s direct air capture technology.
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The area has a potential for up to 11.8 million bbl of recoverable oil reserves. The program aims to keep oil flowing in the Trans-Alaska Pipeline System, which has seen dwindling throughput since 1988.
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Valaris, formed in 2018 after the merger of Houston-based Rowan Cos. and London's Ensco, faces fallout from the oil-price drop, canceled or delayed drilling programs, and contract and day rate modifications.
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The Alberta government has announced a new liability management framework aimed at expediting the cleanup of orphan and inactive well sites, signaling a more active approach to reclamation and management of those sites.
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Operators celebrate first major deepwater project sanctioned since the early-2020 oil crash.
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Based on the early results from mass shut-ins of shale wells, it did not harm long-term production and it paid a short-term dividend with more oil flowing in the days after restarting.
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The International Association of Oil and Gas Producers has released three new reports in its series of land transportation recommended practices.
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Companies are looking to plan smaller LNG plants, which may be COVID-proof, but the industry still faces a 100-mtpa shortfall in the mid-2020s.
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There has been an increased number of major accidents at industrial facilities globally as many have come back online post-lockdown.
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The mostly low-income, Latino residents of Arvin have joined with other communities to demand setbacks for wells.
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Major oil and gas trade groups expressed confidence in their readiness for a busier-than-usual hurricane season in 2020, even with added logistical considerations stemming from the coronavirus pandemic.
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