The Government of Newfoundland and Labrador is not allocating funding for the 2022 offshore seismic program and as such, the program will cease for this year. The Newfoundland and Labrador Oil and Gas Industries Association is disappointed with this decision and encourages the Provincial Government to reconsider for this year and to plan an offshore...Continue Reading
Neptune Energy announced the development of new “digital twins” of two platforms in the Dutch North Sea, which will accelerate work schedules, and reduce costs and environmental impacts by enabling engineers to work onshore. SourceContinue Reading
In alignment with Scottish Government guidance on the coronavirus situation, the organizers of SPE Offshore Europe have made the decision to postpone the event on 1-4 February 2022 at PandJ Live, Aberdeen. SourceContinue Reading
Pioneer Natural Resources Co., the biggest oil producer in the Permian Basin, closed out almost all its hedges for this year, indicating a bullish outlook for crude prices. SourceContinue Reading
A deep-freeze in Canada and Northern U.S. is disrupting oil flows, causing a surge in crude prices just as American stockpiles are declining. SourceContinue Reading
The investment supports ADNOC’s oil production capacity plans of five million barrels per day by 2030 while ensuring energy security for the United Arab Emirates and partners around the world. SourceContinue Reading
OPEC made only part of its planned production increase last month, with supplies hampered by disruptions in two of the group’s African members. SourceContinue Reading
Iraq approved a state company’s potential purchase of Exxon Mobil Corp.’s interest in a huge oil field in the south of the country. SourceContinue Reading
