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

Apache Corp., a subsidiary of APA Corp., has named Greg McDaniel as vice-president and country manager of the operator’s Egypt assets.

Casing has been run to TD and preparations are being made for a well testing and stimulation program over the pay zone. The well would be put on production if the well tests ...

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

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

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

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 ...

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 ...

CNOOC started production from the Shenhai-1 Phase II natural gas development project in the northern South China Sea.

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.

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