With global costs of corrosion estimated at $2.5 trillion, the project aims to significantly enhance detection and monitoring methods of microbiologically influenced corrosion. SourceContinue Reading

Railroad Commission of Texas Chairman Wayne Christian applauds the Texas oil and gas industry following the Texas Comptroller of Public Accounts’ announcement of continuous record-breaking tax revenues from the industry. SourceContinue Reading

U.S. crude futures fell below $90 a barrel for the first time since February, the month Russia invaded Ukraine. SourceContinue Reading

Russia appears to have found a new means of getting its oil to market with western sanctions looming for Moscow. SourceContinue Reading

Chesapeake Energy Corp. plans to exit the Eagle Ford Shale of South Texas while doubling down on two other natural basins as the energy company focuses on natural gas production while retreating from oil. SourceContinue Reading

A consortium of TotalEnergies, Corio Generation and Qair has been pre-selected by the French Directorate General for Energy and Climate to participate in a competitive tender to develop two floating windfarms in the Mediterranean Sea. SourceContinue Reading

The C-Kore tools were used to test the electrical integrity of the subsea assets, giving quick feedback to the operator for their maintenance decisions on the field. SourceContinue Reading

OPEC+ responded to months of diplomatic efforts from US President Joe Biden with one of the smallest oil production increases in its history. SourceContinue Reading

Oil-watchers are skeptical that OPEC+ will answer President Joe Biden’s call for more oil supplies when it meets on Wednesday, expecting the coalition to preserve its remaining capacity for another time. SourceContinue Reading

Out of $8.45 billion in profits BP posted for the second quarter, $3.5 billion will be used to buy back the company’s own shares, and the dividend will rise by 10%. SourceContinue Reading