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The COVID-19 disaster and a catastrophic fall in oil prices could leave the state on the hook for billions in environmental cleanup costs if oil and gas companies go bankrupt during the health crisis, New Mexico's top land official says.

Work has resumed on Energan’s Singapore FPSO; subsea installation for the Karish project continues as planned.

Although these look like ordinary tankers, they are unique and run on LNG and recovered oil vapors.

Greg Leveille said he is optimistic that the shale sector will be able to bounce back from its second downturn in 5 years. The trick this time, he says, will be not just investing in new digital technologies but putting them to work.

Weatherford announced that Mark A. McCollum, president, CEO, and a director, has left the company, effectively immediately.

The supermajor will cut 10,000 jobs by year end.

The leadership change comes amid a downturn in global crude prices which has lowered the national oil company’s revenues this year. Taking over the position will be the current chief financial officer.

The controversial surveying technique has been used around Australia to look for oil and gas, but some environmentalists and scientists have warned the effects on marine life could be deadly.

A new tool developed by Kosmos Energy is allowing the exploration and production company to keep better track of the effect it is having on the environment.

Although oil prices were down on 8 June, the market is expected to see higher prices in response to the OPEC+ decision to continue production cuts.

McDermott’s completion comes 19 months after it was first awarded. SapuraOMV achieved first production from the Larak gas field in January.

Forecasts are lowered for levels of E&P, budgets, and project sanctioning.