Management

Operator will not participate in Sea Lion project in the Falkland Islands.

The pressure pumping business has been looking up this year, but the price paid to buy a big player in that business, FTS International, suggests growth may not last.

The new pledge from the world's largest oil producer comes just days before the 26th United Nations Climate Change Conference is set to meet in Glasgow, Scotland, to discuss new climate targets and initiatives.

BP boss is joined by ADNOC chief and India's oil minister in urging increased investment in everything from storage to fuel diversification.

Two years ago, a longtime petroleum engineer and former SPE President dared to speak of a future in which his discipline had seen peak employment. He’s back again with a new paper that tries to explain where things may go from here.

As COP26 looms, the International Energy Agency says governments must send an “unmistakable signal” about clean energy ambition and action if the world wants to avoid the worst effects of climate change.

Banks are finding more success with ESG-related bond sales than they are with fossil fuels. Renewable-energy firms may be able to combine the funding advantages of being a corporation with the tax advantages of being a partnership. Shell boosts solar in Brazil. And a new water-based, bio-based surfactant may be a game changer.

More time and money are needed for Johan Castberg and others, while government looks to boost hydrogen research.

Winners of the triennial awards will be announced at the 23rd World Petroleum Congress in Houston.

The country’s 17th Bidding Round attracted bids on just five of the 92 blocks on offer… and all from Shell.