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The number of temporarily abandoned oil and gas wells is up 37% from last year, but Colorado regulators say they still have the time—and money—to inspect them.

Neptune must pay Energean a break-up fee of $5 million for cancelling what was to be a $250 million deal.

The recent increase in global liquid fuel inventory has been largely driven by travel restrictions, and reduced economic activity. Supply is expected come back down as demand and prices recover.

The Italian oil company has redesigned its dedicated portal for suppliers. The company’s Supplier Portal and Collaboration Environment, which it calls eniSpace, is a platform combining communication, collaboration channels, and open innovation instruments with traditional procurement processes.

The Internet giant is walking away from the exploraiton and production business following a report that claimed it was undermining its own climate initiatives by offering its machine-learning tools.

In 2 months, the US saw a 56% decline in rig count, reaching a 33-year low.

As operators feel the pinch of low oil prices, so, too, do their service providers.

The JV continues KBR’s work history in Kazakhstan. The company has worked on various projects in the country since 1993.

Environment/social/governance (ESG) represents the integration of human values into the financial value of investments. The energy industry that emerges from the COVID-19 pandemic will be different from the one that entered it.

Its reward for years of struggling to adapt to low prices and weak demand for its oil and gas has been an epic crash. Canadians selling change say it is time to consider possibilities that seemed inconceivable in the past.