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Oxy Low Carbon Ventures and Rusheen Capital Management have formed a development company to finance the world’s largest carbon-dioxide-capturing facility using Carbon Engineering’s direct air capture technology.

The area has a potential for up to 11.8 million bbl of recoverable oil reserves. The program aims to keep oil flowing in the Trans-Alaska Pipeline System, which has seen dwindling throughput since 1988.

Valaris, formed in 2018 after the merger of Houston-based Rowan Cos. and London's Ensco, faces fallout from the oil-price drop, canceled or delayed drilling programs, and contract and day rate modifications.

The International Association of Oil and Gas Producers has released three new reports in its series of land transportation recommended practices.

Companies are looking to plan smaller LNG plants, which may be COVID-proof, but the industry still faces a 100-mtpa shortfall in the mid-2020s.

The Alberta government has announced a new liability management framework aimed at expediting the cleanup of orphan and inactive well sites, signaling a more active approach to reclamation and management of those sites.

Operators celebrate first major deepwater project sanctioned since the early-2020 oil crash.

Based on the early results from mass shut-ins of shale wells, it did not harm long-term production and it paid a short-term dividend with more oil flowing in the days after restarting.

New research released by Columbia University's Center on Global Energy Policy and Resources for the Future estimates that a federal program to plug roughly half a million abandoned and so-called "orphaned" oil and gas wells could create as many as 120,000 jobs and reduce pollution.

The specification defines a minimum common set of requirements for the procurement of subsea pipeline valves.

Offshore workers kidnapped from an FPSO offshore Nigeria in an armed pirate attack in July have been released, the owner of the floating production unit said.

The company deferred three of four pipelines as it continues to push toward final investment decision.