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Upstream

The upstream oil and gas sector’s biggest commercial fear from the Coronavirus (COVID-19) epidemic is its impact on demand and prices. Only a small proportion of global supply comes from the worst-affected regions. Read more

Commodities

Fluor booked the undisclosed contract value in the third quarter of 2019. Read more

Offshore & Marine

The Arctic continental shelf is estimated to hold vast deposits of hydrocarbons and rare earth minerals. Read more

Upstream

ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well. Read more

Drilling & Exploration

Sentinel Midstream, LLC, through its subsidiary Texas GulfLink, LLC, today announced its alignment with Freepoint Commodities LLC in furtherance of the construction, operation, and utilization of Texas GulfLink. Read more

Upstream

The offshore supply chain started 2019 with the momentum of strong award levels of subsea kit and FPSO hulls as well as improved floating rig rates. Read more

Upstream

In retrospect, 2019 was another strong year for offshore exploration and production companies. Free cash flow remained strong and telltale signs have emerged that we are entering a new offshore investment cycle. Read more

Offshore & Marine

Here are 2019's Top 10 most-read online articles from BIC Magazine. Read more

Refining & Petrochemical Processing

Norway's prime minister Erna Solberg will perform the official opening of the Johan Sverdrup field centre today, and the Minister of Petroleum and Energy, Sylvi Listhaug, will also attend the opening. Read more

Upstream

U.S. Federal Gulf of Mexico production to set records through 2020, Interior to hold region-wide oil and gas lease sale for Gulf of Mexico, Oil and gas revenues generate $1 billion for Permanent School Fund Read more

Upstream

ExxonMobil today announced that oil production has started from the Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons, which is well ahead of the industry average for deepwater development Read more

Offshore & Marine

ExxonMobil said today it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block. Read more

Offshore & Marine

Oilfield equipment provider Apergy Corp will acquire Ecolab Inc’s upstream energy business in a tax-free deal valued at about $3.9 billion, the companies said on Thursday. Read more

M&A/Investment

Maersk Drilling has entered into an agreement with a subsidiary of Shelf Drilling, Ltd. to sell the jack-up rig Maersk Completer for USD 38m in an all-cash transaction. Read more

Offshore & Marine

Maersk Drilling has secured a three-well contract for the semi-submersible rig Maersk Discoverer with BP for development drilling at the Matapal project offshore Trinidad and Tobago. Read more

Upstream

Chevron Phillips Chemical Company LLC reinforced its commitment to environmental stewardship by making a $15 million investment in the Circulate Capital Ocean Fund (CCOF). Read more

Offshore & Marine

Despite massive cuts in investment the US Gulf of Mexico is set for another year of record oil production in 2020. Read more

Offshore & Marine

Maersk Drilling has entered a contract with BG International Ltd., a subsidiary of Shell, for work offshore Trinidad and Tobago on a two-well development project for the semi-submersible rig Mærsk Developer. Read more

Drilling & Exploration

Maersk Drilling has secured a one-well contract for the ultra-harsh environment jack-up rig Maersk Interceptor with MOL Norge for exploration drilling on PL617 in the Southern North Sea. Read more

Upstream

Chevron Corp. has sanctioned a waterflood project in the St. Malo field... Talos Energy Inc. has entered into two separate agreements with BP... The U.S. Department of the Interior (DOI) has issued the final Environmental Impact Statement... Read more

Upstream