More consolidation in the U.S. shale sector is needed to cope with soaring costs to identify and exploit untapped oil reserves, according to Kimmeridge Energy Management Co. SourceContinue Reading

The American Petroleum Institute (API) has appointed Kevin Slagle as its new senior vice president of communications. Slagle will lead API’s communications team to advance the U.S. oil and natural gas industry’s priorities in Washington, including those outlined in API’s 5-Point Policy Roadmap. SourceContinue Reading

McDermott has secured an engineering, procurement, construction, and installation (EPCI) contract from QatarEnergy LNG for the North Field South (NFS) offshore pipelines and cables project. SourceContinue Reading

Chevron Corp. agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for $6.5 billion. SourceContinue Reading

Sable expects maintenance activities for pipeline 324/325 (previously 901/903) to be completed in time for a restart by year’s end. SourceContinue Reading

Saudi Arabia is preparing to make a multibillion-dollar bet on hydrogen and will launch a new company to produce the much hyped low-carbon fuel, according to people familiar with the matter. SourceContinue Reading

Libya’s oil production climbed above 1 MMbpd for the first time in two months, after the resolution of a political standoff in the OPEC nation that had curbed output and exports. SourceContinue Reading

Chevron Corp. agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for $6.5 billion. SourceContinue Reading

Exxon said lower oil prices and refining margins reduced third-quarter earnings by $1.6 billion compared with the previous period. SourceContinue Reading

Russia’s own data show its crude production in September fell just below its monthly target under the OPEC+ deal, according to people familiar with figures from the country’s Energy Ministry. SourceContinue Reading