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India may be the second country to lease space in the US SPR. Capacity at the SPR has been building for the past 5 weeks.

New commentary from the SPE Reservoir Advisory Committee (RAC) provides key high-level insights on the potential consequences of long-term shut-ins on conventional and unconventional reservoirs.

The company started operating its mobile test facility for carbon capture at Preem’s refinery in Lysekil, Sweden.

A recently completed health impact assessment in New Mexico found periodic spikes of formaldehyde and other pollutants associated with oil and gas development recorded at unsafe levels for short periods of time near homes. 

A US judge in Montana has thrown out a Trump administration directive that weakened an Obama-era policy aimed at protecting the threatened bird, invalidating hundreds of oil and gas leases on federal land in Montana and Wyoming.

A new report from the IEA forecasts the global oil and gas industry will suffer a $1-trillion loss in revenue as a global pandemic saps demand and crushes prices. It might also set the stage for a price swing in the next few years.

Delays and disruptions have stymied project plans in the past few months. How will companies prevent current stresses from morphing into catastrophic issues?

Total is stepping up its research into carbon capture, utilization, and storage technologies by signing a multiyear partnership with UK startup Cambridge Quantum Computing. This partnership aims to develop new quantum algorithms to improve materials for carbon capture.

To address key root causes, proactive initiatives such as audits, inspections, visibility tours, hazard reporting, and contractor management engagement workshops were initiated to focus on enhancing work planning, effective supervision, and risk assessment.

Schlumberger plans to restructure by focusing on basins and divisions in line with customers’ E&P workflows.

The Malaysian firm has become the newest member of the organization of companies, which carries the mission of accelerating the transition to a sustainable world by making more sustainable companies successful. 

Gasoline and diesel demand are set to increase YoY beginning in Q3 2020.