Schlumberger and Cognite, two leaders in technology innovation, announced a strategic partnership to integrate Schlumberger’s Enterprise Data Solution for subsurface with Cognite Data Fusion, Cognite’s open industrial DataOps platform. SourceContinue Reading
The Biden administration on Wednesday issued oil and natural gas leases to companies that nabbed the Gulf of Mexico drilling rights in a government auction later invalidated by a federal court. SourceContinue Reading
Saudi Arabia told OPEC that it raised its crude production to just over 11 million barrels a day last month, exceeding the symbolic level for the first time in two years as the kingdom fulfilled a pledge to stabilize world markets. SourceContinue Reading
National Ocean Industries Association (NOIA) President Erik Milito said NOIA will review and work with industry and regulators to ensure that the proposed regulatory changes increase safety and decrease risk after the Department of the Interior announced proposed changes to the Well Control Rule. SourceContinue Reading
Deltastream Energy Corp.’s gamble six years ago on drilling for oil in a heavily forested area of northern Alberta with no pipeline links paid off with a C$1.8 billion ($1.4 billion) return for investors, according to its chief executive officer. SourceContinue Reading
Secretary of State Antony Blinken said it was ‘unlikely’ the U.S. and Iran would reach a new nuclear deal anytime soon, adding to Western officials’ downbeat assessment over the prospects for reviving an accord that President Donald Trump abandoned in 2018. SourceContinue Reading
The Biden administration on Monday moved to stiffen offshore oil drilling safety measures that were imposed in the wake of the Deepwater Horizon disaster but later eased under former President Donald Trump. SourceContinue Reading
Canadian Overseas Petroleum Limited, an oil and gas exploration, production and development company with operations focused in Wyoming, announced a material increase to its oil and gas reserves and net revenue resulting from the acquisition of the assets of Cuda Energy LLC. SourceContinue Reading
In honor of the late H.E. Muhammad Sansui Barkindo – oil industry veteran and former Secretary General of the Organization of Petroleum Exporting Countries (OPEC) – the African Energy Chamber renamed its African Energy Week Lifetime Achievement Award to the Mohammad S. Barkindo Lifetime Achievement Award. SourceContinue Reading
The International Atomic Energy Agency’s probe into Iran’s past nuclear activities has taken center stage in talks to resuscitate the 2015 deal, where success could unleash a surge in Iranian oil exports. SourceContinue Reading
