News
U.S. drillers idle rigs for sixth week as oil lingers near $50
Rigs targeting oil in the U.S. fell by 9 to 605, adding to the 61 sidelined in the previous five...
Read moreHouse votes to lift U.S. oil export restrictions
The vote was welcomed by industry groups and representatives, but critics branded it a “piece of meaningless political theater.†In...
Read moreAnd the Winner of the First ARGOS Challenge Face-Off Is
The jury has just announced the results of the first ARGOS Challenge competition, held in southwestern France in June. The...
Read moreExxonMobil Starts Oil Production at Erha North Phase 2 Project Ahead of Schedule and Well Under Budget
Exxon Mobil Corporation announced that its subsidiary, Esso Exploration and Production Nigeria Limited, has started oil production ahead of schedule...
Read moreTotal enlist SGI to upgrade Pangea supercomputer with additional 4.4 petaflops of power
SGI will boost Pangea's current SGI ICE X high-performance computing (HPC) system with an additional 4.4 petaflops of compute power...
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MURPHY OIL CORPORATION ANNOUNCES $250 MILLION ACCELERATED SHARE REPURCHASE TRANSACTION
Murphy Oil Corporation announced that it has entered into a variable term, capped accelerated share repurchase transaction (the "ASR") with...
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Eni and Total Sign Agreement on EST Technology
Eni and Total have entered into a special license and R&D Cooperation Agreement for Eni Slurry Technology (EST) and started...
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Total Recognized for Our Efforts to Reduce Flaring
Reducing greenhouse gas emissions by close to 350 million tons a year — that's the impressive change being driven by...
Read moreBHP Billiton calls for support for trade treaties and repeal of us oil export ban
BHP Billiton Chief Executive Officer, Andrew Mackenzie, has called on policy makers around the world to support free trade agreements...
Read moreDeepwater prospects key to resurrecting Mexico’s first bidding round
Mexico needs to attract significant interest to salvage a bidding round hampered by delays and low oil prices, with Phase...
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