Oil and Gas Industry

WEG Africa completes a durable substation E-house for Sasol’s Mozambique project, boosting energy production.

APA Corp is exploring a $1 billion sale of its Permian Basin assets to streamline operations and reduce debt, aligning with its strategic focus on shale production.

US unveils $850 million grant program to help small oil and gas producers reduce methane leaks. Initiative targets development of methane detection technologies and aims to curb potent greenhouse gas.

In a landmark deal, ConocoPhillips acquires Marathon Oil, enhancing its market position and operational efficiency in the energy sector.

Major oil and gas companies reported weaker-than-expected first-quarter earnings on Friday, as a sharp drop in natural gas prices compared to last year took a bite out of profits. The results for Big Oil firms are a stark contrast to the record-breaking levels seen in 2022.

The Biden administration on Friday unveiled a series of reforms designed to increase revenue generated from oil and gas drilling on federal lands, while also addressing environmental concerns. The new rules, finalized by the Bureau of Land Management (BLM), will require oil and gas companies to pay significantly higher bonding rates to cover the cost of plugging abandoned wells.

Exxon Mobil CEO Darren Woods received a nearly 3% raise in total compensation for 2023, reaching $36.9 million, according to a regulatory filing submitted by the oil giant. This news comes as Exxon grapples with declining profits, highlighting a growing disconnect between executive pay and company performance. The situation has sparked outrage among some shareholders and raises questions about Exxon’s commitment to responsible corporate governance.

The Labour leader tries to reassure workers in the North Sea sector but faces criticism from the SNP. The fate of the oil and gas industry in Scotland has become…

TotalEnergies addresses Egina FPSO oil leak promptly, preventing shoreline or community impact.

Shell’s SCiN and staff received numerous accolades at NAPE’s 41st annual conference