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No gas or commercial reservoirs have been found in the first-ever exploration well off Lebanon’s coast, according to Energy Minister Raymond Ghajar and the Total exploration firm.

Thai energy company PTT Exploration and Production announced two deep­water oil discoveries in the Salina Basin, offshore Mexico.

The number of active natural gas rigs in the US fell further to 80 on 8 May. The number had dipped to 85 on 21 April, the lowest number since August 2016, according to the Baker Hughes rig count.

The oil market is likely facing the largest monthly drop in fracturing activity ever recorded in the US, according to Rystad Energy analysis.

US oil producers ExxonMobil and Chevron announced they are tightening output, for combined global shut-ins of 800,000 B/D, in response to plunging crude prices and shrinking fuel demand.

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.