Total SA abandoned a plan to acquire assets from Occidental Petroleum in Ghana, walking away after a proposal to buy Algerian projects from the U.S. company also collapsed.

While the rest of the world is tentatively coming out of lockdowns, China is taking advantage of the cheapest crude oil in years to stock up as demand is starting to return in the world’s largest oil importer, Bloomberg reported on Friday, citing tanker-tracking data it has compiled.

In the span of just six months, Europe’s biggest oil and gas companies raced to commit to net-zero emission targets in response to increased investor and societal demands to start addressing the elephant in the room.

Norwegian marine seismic surveyor Shearwater GeoServices has won a contract with Apache for a 4D seismic survey with 3D extension over the Forties Field in the UK North Sea.

In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production.

Over the last eight weeks, the Newfoundland and Labrador Oil and Gas Industries Association (Noia) has had ongoing discussions with the federal and provincial governments about providing immediate help to Canada’s offshore industry, which has been hit extremely hard by COVID-19 and the collapse of oil prices.

OPEC+ is responding to the oil market’s collapse with an urgency never seen before.

As the international community seeks answers with regards to the failed armed incursion into Venezuela that took place May 4, allegedly with the immediate participation of former US military veterans, President Maduro has once again proved to be a masterful survival artist.

UK-based oil and gas operator Premier Oil has said it has suspended the Sea Lion-1 oil project offshore the Falkland Islands

Neptune Energy has conducted the world’s first dual drilling operation from an integrated subsea template structure at the Fenja field in the Norwegian North Sea.