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An influx of new investment and operational efficiencies borne out of the oil price downturn have led to a drop in projected decommissioning costs. Decommissioning multiple wells in one campaign helped some operators achieve time savings of 33% per well.

The firm hopes to remedy the cost-, labor-, and time-intensive process of executing offshore projects through deployment of “Subsea Connect,” which it says can cut project development costs by 30%.

The Pluma-1 discovery could turn the southeast portion of Stabroek Block off Guyana "into a major new development area," the company says.

The rebrand follows the completion of BP’s $10.5-billion purchase of BHP’s assets in the Permian, Eagle Ford, and Haynesville.

The UK’s offshore oil and gas industry continued to see improvement across a broad range of health and safety indicators last year, according to a key insight published by Oil & Gas UK.

Colorado's Proposition 112 would increase the minimum distance required between new oil and gas wells and homes, schools, and other designated areas to 2,500 ft—more than twice the current required distance — in an effort to protect public health.

A new study offers answers to questions that have puzzled policymakers, researchers,and regulatory agencies for decades: How much methane is being emitted from natural gas operations across the US? And why have different estimation methods seemed to disagree?

Some of these technologies can be deployed now, but additional ones are needed to meet climate goals.

Engineers from the Monterey Bay Aquarium Research Institute have demonstrated a new use for the institute's long-range autonomous underwater vehicles—detecting and tracking oil spills.

Remotely measuring the activity of extractive industries in conflict-affected areas that do not have reliable administrative data can support a broad range of public policy and decisions and military operations.