PETRONAS, through its subsidiary PETRONAS Suriname E&P B.V., announced that it made its first discovery of hydrocarbon in Suriname with the successful drilling of the Sloanea-1 exploration well located in Block 52...

The Abu Dhabi National Oil Company (ADNOC) announced the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi Onshore Block 5 to Occidental...

Shale operators slashed their planned capital expenditure (CAPEX) for 2020 to account for the oil price crash, which inevitably led to decline in drilling and completion activity in the Eagle Ford play...

In recognition of her notable contributions to the drilling industry and to IADC, Hege Kverneland was presented with IADC’s Exemplary Service Award at the virtually held IADC World Drilling Conference on 8 December 2020...

Maersk Drilling has been awarded a one-well contract from OMV (Norge) AS for the low-emission jackup rig Maersk Integrator. The rig will drill one exploration well in the Ommadawn prospect in PL 970 offshore Norway...

Chevron announced a 2021 organic capital and exploratory spending program of $14 billion and lowered its longer-term guidance to $14 to $16 billion annually through 2025...

The onshore US drilling and completion market has bottomed, and the industry will get smaller as operators and service providers consolidate. But this may not necessarily be a bad thing, says Jim Wicklund, Managing Director at Stephens Investment Banking.

With a full recovery from the pandemic still off in the future, contractors will have to rely even more on their experience and show a willingness to be flexible in order to stay afloat, according to industry CEOs.

OPEC held its scheduled bi-annual meeting virtually on 30 November 2020. Up for discussion is whether the production restraint would be eased starting 1 January 2021...

Reduced activity levels, project cancellations and workforce cuts as a result of the coronavirus pandemic have slashed business confidence across the UK’s oil and gas sector, according to an industry report...