Latest News

The Louisiana agency overseeing oil and gas drilling has seen a 50% increase in orphaned wells the state must pay to plug because they’ve been abandoned by their operators, according to a new audit by the Louisiana Legislative Auditor’s Office.

The chapter 11 filing comes as record-low crude prices and excess supply have impacted operations across the industry. About 2,500 jobs could be at stake.

Enough gas to supply 7 million homes is leaking into the atmosphere above oil fields in Texas and New Mexico, the largest plume of climate-change-driving methane pollution ever recorded over a US oil field, a new study from Harvard University and Environmental Defense Fund shows.

This paper describes the trends and learnings from data received by the International Association of Oil and Gas Producers and provides an update on the upstream industry safety performance from the last 7 years of data collected.

Oil and Gas UK confirmed it is supporting the roll-out of a special protective face covering designed for workers traveling by helicopter to offshore installations in the UK continental shelf.

The deferments are the latest actions Shell has taken in response to record low crude prices.

While many shale producers are racing to cut costs by removing crews from the field, ExxonMobil and Chevron stood out as maintaining large numbers of fracturing crews.

Material selection is a first line of defense against corrosion. This article reviews how to recognize pitting and crevice corrosion, as well as how to optimize tubing material selections for marine oil and gas applications based on the material’s PREN value.

The announcement comes as Aker BP has stopped all nonsanctioned projects. The remaining two Phase 2 wells will come on stream in 2021.

The final commissioning stage of Train 3 brings the Cameron LNG project closer to initial production expected in Q2.

After being acquired in 2019, the Well-Safe Guardian semisubmersible was extensively overhauled and upgraded. Fugro is the second company to be awarded work this year on the asset.

The nuances of futures contracts caught many of the world’s traders off guard, sending major US crude benchmark into negative pricing territory for the first time. But it probably will not be the last time.