Schlumberger announced an award to Subsea Integration Alliance of a large contract by Equinor on its Bacalhau project offshore Brazil. The contract scope covers the engineering, procurement, construction and installation of the subsea production systems and subsea pipelines. SourceContinue Reading

Transocean Ltd. is planning to raise cash and cut debt by selling new shares, taking advantage of a surge in its stock price driven by the meme-stock frenzy and rising oil prices. SourceContinue Reading

Climate activists that failed in their attempt to stop oil and gas drilling in Norway’s Arctic are taking the case to the European Court of Human Rights. SourceContinue Reading

The pipeline, which will carry Canadian oil-sands crude from Alberta to Superior, Wisconsin, has faced fierce opposition from indigenous and environmental groups, who clashed with law enforcement last week. SourceContinue Reading

“There is substantial momentum across all segments of the economy in transparency and reporting of GHG emissions, sustainability, and ESG performance. The SEC should exercise restraint from taking any action that could hinder or otherwise complicate these ongoing efforts,” said NOIA president Erik Milito regarding potential changes to the SEC’s climate change disclosure rules. SourceContinue Reading

Oil hit a 32-month high as the rollout of coronavirus vaccines boosted demand expectations for Europe and the U.S., and confidence faded over a quick return of Iranian crude supply. SourceContinue Reading

Oil markets are closely watching the negotiations for any clues as to when the OPEC member will be able to resume crude sales, and how quickly Washington will allow it to ramp up production. SourceContinue Reading

The potential sale could include all of Shell’s 260,000 acres in the Permian Basin, Reuters reported citing unidentified people familiar with the matter. Shell declined to comment on Reuters’ report. SourceContinue Reading

Environmentalists emboldened by this week’s defeat of Keystone XL are pressuring President Joe Biden to revoke permits for other oil and gas pipelines, warning their votes depend on the administration blocking fossil fuel infrastructure. SourceContinue Reading

Chesapeake Energy said three executives are leaving, marking the latest shakeup of the senior ranks at the Oklahoma oil and gas producer since it emerged from bankruptcy four months ago. SourceContinue Reading