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The Biden administration wants green investment, jobs to stay stateside in emerging $23-trillion global market.

ConocoPhillips, Pioneer view Exxon, Chevron as prime movers to bring investment back into the play.

The Projects and Facilities Advisory Committee proposes a green paper that will investigate the future state of production, operations, facility design, and construction or decommissioning operations in the decade from 2025 to 2035.

A new offshore service company has been created combining Baker Hughes’ subsea equipment operation and the drilling hardware made by MHWirth. The joint venture’s goal is to grow and go public.

Increasing downhole pressures were the culprit, rig will be released as planned.

A massive oil spill off the coast of Israel is being called the worst ecological disasters in the Mediterranean country’s history. The cause and full extent of the damage is still unknown.

The rig will drill an extended-reach well in the P9 Horizon field.

If approved, Vineyard Wind 1 would be the first commercial-scale offshore wind project in the US.

The confluence of a pandemic, a price war, and extreme weather sent the US production engine into reverse last year, marking the largest annual drop in output on record. New figures on the decline come as the market senses higher oil prices coming.

Politically powerful natural gas production and transportation companies, along with their regulators, appear so far to have escaped the wrath of the governor and the Legislature in the aftermath of the Texas power outages.