“This is a unique opportunity for us to partner with a well-capitalized and highly respected management team to accelerate development at Marten Hills,” said Alex Pourbaix, Cenovus President and CEO. SourceContinue Reading

AIQ, Schlumberger and Group 42 signed a strategic framework agreement to collaborate on the development and deployment of artificial intelligence, machine learning and data solutions for the oil and gas industry. SourceContinue Reading

“With the consensus of everybody, we could navigate with this agreement and tweak this agreement, subject to what we may see in the future,” Saudi Energy Minister Prince Abdulaziz Bin Salman said at a virtual session of the Abu Dhabi International Exhibition and Conference on Monday. SourceContinue Reading

If Democratic nominee Joe Biden prevails in the race for the White House, the commission will again see a reshuffle, with Democratic Commissioner Richard Glick likely to be named chairman. SourceContinue Reading

Hess Corporation failed to persuade a federal judge to award it $217.9 million to repay the cost of recovering and replacing four allegedly defective subsea valves made by Schlumberger Technology. SourceContinue Reading

The pipeline giant also established an interim target of reducing the intensity of greenhouse-gas emissions from its operations by 35% by 2030, according to environmental, social and corporate governance targets. SourceContinue Reading

As part of the collaboration agreement, the two companies will leverage their complementary portfolios and competencies to investigate, develop, and optimize technology and equipment packages to enhance the sustainability and performance of petrochemical facilities. SourceContinue Reading

While utilities that already embrace clean energy don’t see much impact, oil and natural gas suppliers are girding for a bigger threat. SourceContinue Reading

With global demand and profits stung by the spread of Covid-19, the shutdown of 53-year-old Convent, which has about 675 employees, is part of Shell’s larger strategy to shrink its portfolio to six facilities from 14 by 2025, Shell said in a statement. SourceContinue Reading

Crude is ending a rough week with a decline after gains in the first half as the demand outlook turns more grim. Refineries across the U.S. and Europe have shut as a result of the pandemic and traders continue to brace for high volatility. SourceContinue Reading