Futures tumbled 1.2% in New York Wednesday as CNBC reported that the White House contacted OPEC leader Saudi Arabia to help stabilize U.S. gasoline prices. SourceContinue Reading

The world’s largest oil companies are bidding up prices for renewable energy projects, squeezing profits from wind and solar farms just as climate planning focuses more on green energy sources. SourceContinue Reading

The contract is for the provision of RLWI services onboard the M/V Island Venture, C-I’s flagship intervention vessel commissioned in 2017. SourceContinue Reading

Oceaneering International has been awarded a contract from Esso Exploration and Production Guyana Limited to provide two surveys offshore Guyana. SourceContinue Reading

Over 35% of the acreage available in licensing rounds that are either open or scheduled to close in H2 2021 are located in shallow water, while ultra-deep water and deepwater acreage account for 24% and 19%, respectively, according to GlobalData, a leading data and analytics company. SourceContinue Reading

America’s shale producers are continuing to the line on production, boosting investor returns and are now attracting the lowest bond yields they’ve ever seen. Instead of using cheap credit to boom once again, they’re using it to retire costlier debt. SourceContinue Reading

Driven by Baker Hughes’ Subsea Connect early engagement approach, Baker Hughes will provide Chevron with a subsea compression manifold structure including module and foundation, as well as the latest optimized version of its horizontal clamp connector system and subsea controls for the manifold structure. SourceContinue Reading

Tenaris has been awarded the supply of a complete package of products, technologies and services for the Libra offshore exploratory block – renamed Mero 3 – in Brazil’s pre-salt, one of the largest deepwater discoveries in the world. SourceContinue Reading

GATE Energy has been selected by Shell Offshore as the provider for facility commissioning of the Whale development. Scope includes commissioning planning, onshore commissioning execution, and offshore commissioning / ready-for-startup services. SourceContinue Reading

A coalition of energy companies, along with state and local partners, plans to spend $844 million on roads, education, workforce development, housing, broadband and health care in the region, according to the Permian Strategic Partnership, which assembled the group. SourceContinue Reading