BP, Worley Form Alliance for BP’s Global Site Projects
Saving an initial estimated $40 million over two years, the alliance will improve capital efficiency in site projects where Worley holds service contracts....
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Tariffs on Imported Oil Aren’t the Cure for the Industry’s Woes
Saudi Arabia and Russia are engaged in a price war–both increasing oil supplies at a time when world demand is precipitously dropping. To help U.S....
Production Starts At Senegal’s First Offshore Oilfield
Senegal joined the club of oil-producing countries on Tuesday as Australian group Woodside Energy announced that production had started in the west African country's first...
New Zealand Set to Scrap Oil, Gas Exploration Ban in H2
Prime Minister Christopher Luxon's administration had pledged to resume offshore oil and gas prospecting following last October's election....
North America Continues Streak of Rig Additions
North America added nine rigs week on week, according to Baker Hughes....
Oil Paychecks Set a Record Even as Shale Industry Consolidates
Wages for U.S. oil workers set a fresh record in April....
Abandoned Oil Wells Near Bakersfield Could Store Solar Power for 300,000 Homes
A pilot project in California will repurpose an old oil field to store renewable energy and help clean up the grid....
Phillips 66 Expands Permian Basin Pipeline Footprint with $550 Million Acquisition
Phillips 66, a Houston-based downstream energy company, announced on May 20th a $550 million acquisitio......
Slick Picks: 3 Oil Stocks to Grease Your Portfolio’s Gears
Unlock the best oil stocks that could drive your portfolio's performance with robust returns and dividend income in the dynamic energy market....
Suncor Energy’s Rich Kruger Urges Canada to Seize the Opportunity its Energy Resources Provide
Calgary, Alberta--(Newsfile Corp. - June 6, 2024) - Suncor (TSX: SU) (NYSE: SU) President and Chief Executive Officer Rich Kruger says Canada can increase its...