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The move is part of Delek’s strategy to expand its operations beyond the Eastern Mediterranean region. Shell, meanwhile, is in the midst of a $10-billion divestment program.

A growing number of oil industry leaders are saying that data sharing across the industry is needed, but change is coming slowly.

Electrical-submersible-pump (ESP) technology predominates available artificial-lift options. The risk of ESP failures can be reduced greatly with the right combination of advanced technologies, such as combining artificial intelligence with a cloud-based autonomous surveillance system.

A growing sector of water midstream companies is in the Permian Basin looking to take advantage of a business opportunity borne out of rising produced water volumes. Billion-dollar valuations for these companies in the near future could become a reality.

The next big wave of decommissioning and abandonment projects is set to occur in the Asia-Pacific region, and APAC’s operators are now tasked with finding cost- and time-effective ways of unwinding their huge agglomeration of wells and facilities.

Chevron’s $50-billion purchase of Anadarko will make it the second-place ultra-major, behind ExxonMobil.

The gas agreement clears the way for the FEED phase; FID expected in 2020.

Conventional oil and gas discovered resources in 2019 are on pace to rise 30% from last year and reach their highest level since the beginning of the industry downturn. Here, a recap of the first quarter's 15 biggest oil and gas discoveries, which altogether are propelling the increase.

The independent oil and gas company is aiming to build shareholder value through a change in business focus to midstream with this step into pipeline service and construction.

Aker Solutions and FSubsea have agreed to a joint venture, named FASTSubsea, to help operators increase oil recovery.