Drill

Natural Gas

Why Overly Confident U.S. Drillers Ditched Their Hedges

Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.

Oil&Gas Drilling

ADNOC Awards Record US$4bn in Framework Agreements for IDFS

In a positive move for lower energy cost & low carbon intensive production, contracts have been awarded to ADNOC Drilling, SLB and Halliburton.

Oil Field

Pioneer Natural Resources to Increase Return Targets for Oil Wells

U.S. shale oil producer Pioneer Natural Resources will reshuffle its drilling portfolio next year to target wells with potentially higher returns, a move to boo…

Oil&Gas Drilling

Indonesia’s Pertamina Starts First Underground Carbon Injection Tests

Indonesia's Pertamina launched its first underground carbon injection tests this week, as the state energy firm seeks to cut carbon emissions while increasing o…

Paris Climate Agreement

‘Oil and Gas Investments Could Finance Renewables Needed for 1.5°C’

The Paris Agreement could be achieved if money intended for new oil and gas fields was redirected into wind and solar, a study claims.

Oil Shale

Shale Firms Discount 'U.S. Put' as Inadequate to Lift Oil Output

U.S. shale oil executive Matt Gallagher this week took a poll on Twitter to gauge sentiment toward President Joe Biden's offer to stock the U.S. emergency oil r…

Oil&Gas Drilling

Liz Truss Resigns, Becomes the Shortest Serving Prime Minister in History

New UK PM Liz Truss, the former oil economist for Shell, tendered her resignation on Thursday, just days after putting forward a budget that wreaked havoc in th…

Crude Oil

ADNOC Drilling Contract as UAE Steps up Oil & Gas Production

ADNOC Offshore awards US$980m contract for the hire of two jack-up offshore rigs and associated manpower and equipment.

Adnoc Drilling Secures $1.53bn Contract to Boost Adnoc's Offshore Operations

More than 80% of the contract value will flow back into the UAE economy through Adnoc's In-Country Value programme

Oil&Gas Drilling

UK Launches Licensing Round for New Oil and Gas Projects

Nearly 898 blocks and part blocks could potentially be developed under the new awarded licenses

Oil&Gas Drilling

‘New North Sea Oil and Gas Projects at Odds with UK Climate Goals’

New oil and gas fields cannot alleviate the financial pressure caused by rising energy bills, according to a report

Oil Price

BP, Chevron Cut Offshore Oil Production Ahead of Hurricane Ian

BP Plc and Chevron Corp on Monday said they have shut-in production at offshore oil platforms in the Gulf of Mexico, as a powerful Hurricane Ian bore down on th…

Natural Gas

Australia Court Scraps Drilling Permit for Santos’ $3.6 Bln Barossa Gas Project

Australia's Federal Court on Wednesday ruled in favour of an indigenous group's challenge against a drilling permit for Santos Ltd's Barossa gas development, in…

Oil&Gas Drilling

US Offshore Regulator Seeks to Strengthen Well Control Rules

Proposed changes include altering several adjustments made during the Trump administration

Oil&Gas Drilling

No Luck for Equinor and ConocoPhillips With Exploration Wells Offshore Norway

Separate wells drilled near Balder and Oseberg Ost fields