The cost of developing new upstream oil projects is continuing to rise as inflationary pressure and supply chain woes endure.

Cerilon received regulatory approval on the final siting permit required for the operator's plan to build a GTL plant near Trenton, ND.

TotalEnergies and partners reached a positive final investment decision (FID) for the first oil development in Block 58, offshore Suriname.

ExxonMobil Corp., as leader of the Mozambique Rovuma Venture (MRV), has let a contract to McDermott, through consortium with Saipem and China Petroleum Engineering and Construction Corp., for ...

Prio SA has agreed to acquire a 40% interest in Peregrino and Pitandola fields offshore Brazil. The agreement was signed with SPEP Energy Hong Konmg Ltd. and Sinochem International Oil (Hong Kong) Co.

The US BLM received only four bids on two parcels during its Sept. 25 lease sale in Wyoming, leaving industry leaders ...

To facilitate completion of the merger, Hess and Chevron have agreed that Hess chief executive officer John Hess will not be appointed to the Chevron board of directors.

Equinor has let a contract to Aker Solutions ASA as part of the Troll Phase 3 stage II modification project aimed at accelerating production from the Troll West gas ...

A survey tracking oil and gas activity and sentiment in Texas and adjoining areas ticked down this quarter but sentiment ...

The storm intensified Wednesday, Sept. 25, and is expected to hit Florida’s Big Bend region on Thursday, Sept. 26, possibly ...

BSEE estimates that about 25.25% of the current oil production is shut-in, down from yesterday's report of 29.18%.

The Equinor Energy-led Northern Lights JV is ready to receive and store CO2 at the cross-border CO2 transport and storage ...