The American Petroleum Institute has welcomed a historic OPEC+ agreement to curb global crude oil production. However, significant challenges remain in the weeks and months ahead, API has said.
The Falkland Islands Government inks a contract with BAM Nuttall for the design and build of a new port in Stanley Harbor.
Oilfield services provider Baker Hughes will be taking a $15 billion non-cash goodwill impairment charge in its first quarter 2020 in response to the significant decline in oil and gas prices and the COVID-19 pandemic.
President and chief executive officer (CEO) of U.S. oil and gas company Murphy Oil has resumed his responsibilities at the company after recovering from what was presumed to be COVID-19.
Dutch marine energy group SBM Offshore has been adapting to the unprecedented situation regarding the coronavirus pandemic and was protecting its workforce by putting in place business continuity measures.
After four days of negotiations OPEC, Russia, and allies have agreed on record production cuts to save the oil industry amid a major industry crisis exacerbated by the coronavirus pandemic.
DP World implemented an action plan in order to keep essential trade flowing amid the global pandemic.
Tender rig specialist Energy Drilling has completed the heavy lifting of the drilling equipment set at the Kerisi platform in the Natuna Sea.
The Federal Energy Regulatory Commission is temporarily suspending an environmental assessment of a proposal to bring the closed Kenai LNG plant in Alaska back online as an import facility. FERC said on April 8 it would suspend the environmental review for the project until the U.S. Pipeline and Haz
PGE will close projects with unsatisfactory rate and those not directly related to its core business.
Stockholm Norvik Port is preparing for its debut scheduled to take place later this year.
Russia’s Lukoil has moved on to the next stage of facilities construction for the Valery Grayfer field with the launch of a jacket for the living quarters platform from a yard to the Caspian Sea.
Work has begun to retrieve around 60 containers lost from YM Efficiency off the coast of Newcastle.
The oil price war and the coronavirus pandemic are already taking their toll on the oil and gas services market, with offshore drilling contractors among the most affected segments. One of the major drillers, Noble Corporation, has seen its contracts shortened, rigs stacked and put on standby, and d
