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The agreement takes 80% of Santos’ share of expected gas from Barossa annually for 10 years.

Fugro has opened a new remote operations center in Abu Dhabi that is already handling remote and autonomous projects in the Middle East and India.

A partnership between Saudi Aramco and Baker Hughes will build a plant where they will work to expand the uses of nonmetallic oilfield hardware, beginning with high-performance reinforced plastic pipe.

President-elect Biden and his administration likely will make significant changes to environmental, health, and safety rules and policies that will roll back Trump administration environmental actions and increase civil and criminal enforcement of environmental laws.

Petrobras is pledging a 25% cut in carbon emissions by 2030, but that hasn’t stopped Chief Executive Officer Roberto Castello Branco from dismissing pledges by peers to completely neutralize their carbon footprints 2 decades later.

A pair of new guidance documents from OSHA outline measures employers should take to help prevent the spread of COVID-19 and reduce the risk of heat-related illness among workers wearing cloth facial coverings in hot and humid conditions or performing strenuous tasks.

The supermajor said that it hopes to complete a megaproject in Kazakhstan before rerouting future spending to the Permian Basin and other developments.

Companies, investors, and consumers alike are frustrated by a lack of standardized accounting for corporate ESG performance. This might be about to change thanks to a recent proposal from the IFRS Foundation, which is the body that oversees the work of the International Accounting Standards Board.

The Italian oil and gas major has taken on a 20% stake in the first two phases of the project, which ultimately will be run by Equinor.

Zion expects to spud the Megiddo-Jezreel #2 well at its current well location near Bet She'an by the middle of this month. The new license may be extended for a total of 12 months.

The move will give the new entity shareholding in PDO and remove PDO’s oil and gas expenditures from Oman’s state budget.

Under the group’s historic April agreement, the easing of voluntary cuts would have been 2 million B/D, which would have been too much for markets to absorb.