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The deal is part of the company’s divestment program targeting proceeds of $5 to 10 billion between 2018 and 2020.

Exploration commitments are expected to dwindle in the current market environment.

Not everybody suffers when US oil producers slash production. Among the beneficiaries could be US gas producers who will benefit because less oil production will mean a lot less gas on the US market.

A new video by IOGP mixes animations with personal stories to illustrate the benefits of using standardized specifications in the oil and gas industry.

Shell remains involved in the Salym Petroleum Development JV with Gazprom after dropping out of the planned Meretoyakhaneftegaz JV.

Both platforms offshore assets were shut in following a leak in ExxonMobil's 100,000 B/D pipeline system.

The Colorado Oil and Gas Conservation Commission approved an $18.25 million fine against Kerr-McGee, a subsidiary of Anadarko Petroleum, which has now been acquired by Occidental Petroleum. The money will go to establish the Mark Martinez and Joey Irwin Memorial Public Projects Fund. 

A preliminary estimate from the US National Oceanic and Atmospheric Administration finds that levels of atmospheric methane, a potent heat-trapping gas, have hit an all-time high.

The bow tie concept of safety was on display at a recent live podcast presented by SPE, where representatives from Equinor, NOV, SOS International, and the Energy Institute discussed efforts to keep offshore workers safe during the current pandemic.

Subsea 7’s installation services contract is the latest Chevron award for its Anchor field project. First oil from the project is expected in 2024.

As studies point to increased emissions, ExxonMobil is stepping up efforts to detect and mitigate methane release.

The county commissioners approved regulations for new oil and gas facilities in the county that match or exceed state rules.