Drill

Oil & Gas Trade

New Petrobras’ FPSO Begins Production

Brazilian oil and gas company Petrobras has put into operation its new floating, production, storage and offloading (FPSO) vessel P-71, ahead of the expected st…

Natural Gas

Eni Scores Gas God Off Cyprus

The Italian company said it would incorporate the well results into its evaluation of the area. Eni has its eye on a fast-track development in Block 6, it said.…

Oil Price

Oil Prices Rise Over $2 On Drawdown In U.S. Crude Stocks

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus MordantHOUSTON, Dec…

Geothermal Power Plant

Five Financial Institutions To Support Maasdijk Geothermal Heating Project, Netherlands

Drilling operations at Maasdjik, Netherlands (source: Video screenshot, Aardwarmte Maasdijk)Five financial institutions – BNG Bank, ING Bank, the Cooperat…

Oil&Gas Drilling

Rig Workers Evacuated Following Issue On Noble Jack-up

Offshore drilling contractor Noble Corporation has evacuated all rig personnel after an issue was found on one of the legs of a Noble Corporation-owned jack-up …

Crude Oil

Oil Rises On Hopes For China's Economy; Recession Fears Limit Gains

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus MordantNEW YORK, De…

Carbon Emissions

U.S. Seeks to Limit Flaring and Methane Leaks from Public Lands Drilling

President Joe Biden's administration on Monday proposed rules aimed at limiting methane leaks from oil and gas drilling on public lands, Washington's latest mov…

Oil&Gas Drilling

Biden Says “No More Drilling” at a Rally

“No more drilling…there is no more drilling,” said U.S. President Joe Biden at a campaign rally in New York state on Sunday when asked by a person in the cro…

Oil&Gas Drilling

Drillers Ask U.S. To Exempt Smallest Wells From Looming Methane Rule

Oil and gas companies have asked the Biden administration to exempt hundreds of thousands of the nation's smallest wells from upcoming rules requiring drillers …

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…