Deirdre Michie takes the helm at Oil and Gas UK

Deirdre Michie has assumed the position of chief executive at Oil and Gas UK, the leading representative organization for the UK offshore oil and gas industry. More »

Enterprise to build new crude, condensate pipeline from Midland to Houston

Enterprise Products Partners L.P. has executed long-term agreements that support development of a new 416-mile, 24-in. diameter pipeline to transport crude oil and condensate from the company’s Midland, Texas, terminal to its Sealy storage facility west of Houston. More »

Cape wins two-year BP contract

Cape plc has extended its current relationship with BP with the award of a new two-year contract with an estimated value of $153 million (£100 million). More »

Chevron in natural gas discovery offshore Australia

Chevron Australia Pty Ltd. has announced further drilling success in the Greater Gorgon Area, located in the Carnarvon basin, a premier hydrocarbon basin offshore northwest Australia. More »

Global oil producers rewind the clock on profit with price crash

Big Oil’s profit engine has gone into reverse, taking it back to the days when oil was just $28/bbl. More »

Oil producers’ sale of future output puts lid on price gains

Oil producers are taking advantage of the biggest monthly price increase since 2009 to sell more of their future output, threatening to slow the rally. More »