Marathon Oil Corp on Wednesday said its capital expenditures will be about 20 percent lower next year due to the steep drop in crude oil prices.
Marathon said it expects to spend about $4.
Chevron Corp is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall.
Imperial Oil Ltd's plans to drill for oil in the Beaufort Sea in Canada's Arctic have not changed despite the recent slide in oil prices, spokesman Pius Rolheiser said on Wednesday.
On Tuesday, U.S. President Barack Obama designated Alaska’s Bristol Bay area off limits for oil and gas leasing, the White House said.
National Ocean Industries
An attempt by some European politicians to veto the import of tar sands oil failed on Wednesday after a European Parliament vote, giving a boost to Canada but dismaying green campaigners.
New York Environmental Commissioner Joseph Martens said Wednesday he will issue an order early next year banning fracking in New York "at this time", extending
Italian gas grid operator Snam said its board had approved the conditions of a reserved capital increase of 502 million euros to buy the Trans Austria Gasleitung
Polish and Ukrainian state gas pipeline operators signed an agreement on Wednesday to look into expanding their capacity to transport gas between the two countries,
Ghana has begun processing gas from its offshore Jubilee oil field through a pipeline project that could save the government $300 million a year on fuel costs even
Sandia National Laboratories and Linde LLC have signed an umbrella Cooperative Research & Development Agreement (CRADA) that is expected to accelerate the development
The operation of an oil field involves moving rigs or jackups in a maneuver referred to as a rig move. These complex operations require experience and the coordination of all stakeholders.
SPS Overlay has yet again been used for side impact protection on three FPSOs for a major player in the offshore industry. The work was carried out at Enseada do Paraguaçu S.
Ivory Coast's state oil company Petroci and Vioco Petroleum will invest $255 million to bring into production the Gazelle oil and natural gas field on the West African nation's CI-202 offshore block,
U.S. crude stocks fell less than expected last week, while gasoline stocks increased and distillate inventories declined, data from the Energy Information Administration showed on Wednesday.
Canadian miner Teck Resources Ltd. said on Wednesday it has shipped its first zinc concentrate from the Pend Oreille mine in Washington state following the restart
Bosnia will expand a coal-fired power plant with a loan of 668 million euros ($833 million) arranged with the Export-Import (Exim) Bank of China on Wednesday, local media reported.
Spot power in the Czech Republic, Hungary and Romania fell on Wednesday on forecasts for more wind power supply and warmer weather in the region, while higher power
Slumping oil prices will not halt a massive ramp-up in Gulf infrastructure spending, as rich nations deploy huge reserves to maintain a breakneck development pace
The financial turmoil engulfing Russia is a symptom of a wider world markets quake that has its epicentre in oil's collapse and Western disinflation but is now
INTERTANKO’s documentary committee has launched bunker surcharge clauses for Emission Control Areas (ECA).
Rising bunker prices due to rising oil prices and