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Bahama Petroleum's Perseverance #1 establishes petroleum system, will be plugged and abandoned

The Norwegian oil company is exiting assets in North Dakota and Montana after a decade of development. A Houston-based private equity producer will take over the shale fields.

One of the last oil facilities in state waters on the path towards full decommissioning slated to begin in 2022.

The Nord Stream 2 consortium is laying pipe in Danish waters despite US sanctions. A deal is anticipated that will allow the pipeline to be built if Germany defends Ukraine’s interests as a transit state for Russian gas.

Profits are up as drilling is down in Canada’s Montney play where a merger this week highlighted the continued drive to increase profits, which are benefitting from rising natural gas prices.

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There is little question that carbon capture, storage, and utilization is destined to become one of America’s big growth industries in the years to come.

At Equinor’s giant new North Sea oil field, thousands of sensors feed into Data Gumbo’s novel blockchain platform—encoding an immutable record of operations, the better to automate contracts, pay vendors, and (in the not too distant future) even measure carbon emissions.

Is it possible to fracture a well using power off the grid? The answer is yes, but sharp electric engineers are required.

New proximity-based safety process watches the drill floor on board the drillship Deepwater Conqueror.