U.S. oil producer APA Corp said on Wednesday that it had found oil after drilling the Sapakara South-2 (SPS-2) appraisal well in Block 58, offshore Suriname. Exploration off the South American country's coast has been watched closely as it is…
Shell has reportedly threatened legal action against Greenpeace activists who last week boarded a heavy load carrier carrying Shell's Penguins FPSO, destined for deployment in the UK North Sea.Last Tuesday, four activists climbed aboard the…
Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia's invasion of Ukraine reshaped global energy markets and, in some cases, the industry's climate ambitions…
Jadestone Energy, an Asia Pacific-focused oil and gas company, has taken a step toward restarting production from its Montara Project offshore Australia.The company shut down production from the Montara Venture FPSO last year, first, to allow…
ONGC Videsh (OVL) Ltd, the overseas exploration arm of India's Oil and Natural Gas Corp, is looking for exploration and production investment opportunities in Africa and Latin America, such as in Ghana and Surinam, managing director Rajarshi Gupta said…
Archer Limited and Baker Hughes Limited have signed official agreements for Archer to buy Baker Hughes' coil tubing and pumping (CT&P) business in the United Kingdom.The definitive agreement follows a term sheet signed in January.Baker Hughes…
Israel's NewMed Energy forecast on Tuesday that the country's nascent sovereign wealth fund will get a 52 billion shekel ($15 billion) injection in the coming decade from its two main natural gas fields. NewMed Energy Chief Executive Yossi Abu said that the company…
French oil major TotalEnergies posted a record net profit of $36.2 billion in 2022, double the previous year, joining in the sector's bumper earnings thanks to higher oil and gas prices since Russia invaded Ukraine.TotalEnergies' fourth-quarter adjusted net income was $7…
Equinor on Wednesday posted a record $74.9 billion adjusted operating profit for 2022, more than double its previous record thanks to soaring gas prices and with fourth-quarter results beating analysts' expectations.The oil and gas producer's…
Oil major BP has awarded a contract extension to Stena Drilling for the use of the Stena IceMAX drillship. Stena Drilling said Tuesday that, under the extension, the rig would move to the U.S. Gulf of Mexico, in direct continuation of the initial one-well…
Norwegian offshore engineering and construction company Aker Solutions has signed a firm contract with oil firm OKEA for the electrification of OKEA's Draugen platform in the Norwegian Sea, offshore Norway.The Draugen oil field sits in about 250 meters of water…
Oil and gas company Longboat Energy said Tuesday it was 'exploring opportunities to broaden its strategic remit.'The company, which owns stakes in several offshore oil and gas blocks in Norway, said it was responding to 'recent market speculation…
Offshore seismic survey firm PXGEO said Wednesday it had secured work with oil major Shell.The company said it had secured a vessel commitment from Shell to provide 12 months of high-end marine towed streamer seismic acquisition services.PXGEO will be providing the services over a two-year period…
Golar LNG agreed to acquire New Fortress Energy's (NFE) ownership stake in FLNG Hilli in exchange for Golar's remaining 4.1 million shares in NFE and $100 million in cash.Golar will also take over approximately $323 million in debt obligations linked to Hilli…
BW Ideol, a company building concrete foundation for floating wind industry, said Monday that its 5-year-old Floatgen demonstrator continued strong operations, showing a capacity factor of nearly 60% over the last three months and a production of 25GWh since its 2018 commissioning…