Equinor is looking at further options to increase gas production from its fields off Norway in the short term after receiving a permit to produce more from the Oseberg, Troll, and Heidrun fields, a senior executive said on Wednesday.'We're looking into several other options…
Harbour Energy, the British North Sea's biggest oil and gas producer, reported on Thursday free cash flow of $678 million for 2021 in its first full-year results after its merger with Premier Oil, up from a pro-forma $562 million in 2020.It forecast that…
Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, earlier this week inaugurated the Barzan Gas Plant in a special ceremony held today at Ras Laffan Industrial City.The Barzan Gas Plant will produce and process natural gas from the giant North Field offshore Qatar…
Oilfield services giant Petrofac said Wednesday that Abu Dhabi National Oil Company (ADNOC) had lifted the suspension of the company imposed in March 2021.Abu Dhabi-based oil and gas giant ADNOC had suspended oilfield services firm Petrofac…
Singapore-based offshore shipping, shipbuilding, and ship maintenance company Marco Polo Marine has partnered up with green tech ship design company Seatech Solutions International to co-develop two new specialized offshore wind service, operation…
Norway will boost its natural gas output in the coming months, keeping production higher than normal through the summer and delivering bigger volumes to Europe at a time of shortages and soaring prices, Equinor EQNR.OL said on Wednesday.Russia's…
French oil major TotalEnergies on Wednesday confirmed it would officially exit Myanmar oil and gas business in July, after the company first announced its plans to leave the country over worsening humanitarian conditions after last year's military coup…
UK-North Sea-focused oil and gas firm IOG on Wednesday confirmed first gas production from the Elgood field, part of Phase 1 of its Saturn Banks Project. 'Following the confirmation of first gas at Blythe on Monday, the company yesterday also brought Elgood into production…
Austrian energy group OMV will turn the page from its embrace of Russia and could signal a gradual exit from its oil and gas business when it presents its strategy under new Chief Executive Alfred Stern on Wednesday.After Stern took over as CEO last year…
Norwegian state oil company Equinor said on Monday it will stop trading in Russian oil as the company shuts down operations in Russia following its invasion of Ukraine.Equinor's official announcement comes four days after Equinor's chief executive…
Offshore engineering and construction company Subsea 7 said Tuesday it had won a substantial contract with an unnamed client.Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million (Subsea 7's share).The award…
Oil and gas company Energean, focused on bringing online the Karish gas field offshore Israel, said Monday it had signed a supply agreement with the Israel Electric Company, the largest Israeli buyer of natural gas.'IEC will now have the right to purchase natural gas from Energean’s fields…
Thai oil and gas giant PTT Exploration and Production Pcl said on Monday it would take over operations of the Yadana gas field in Myanmar from July following the exit of France's TotalEnergies.Oil majors Chevron and TotalEnergies in January…
Petroecuador, Ecuador's state-owned oil company, on Friday said it will look to double production to 800,000 barrels of oil equivalent per day (boed) in the next five years, which will need private sector investment worth some $12 billion.To achieve the goal…
International Energy Agency (IEA) chief Fatih Birol on Monday urged oil-producing countries to pump more to stabilize markets affected by the war in Ukraine.After an initial release of 62 million barrels, the IEA would make further releases if 'conditions stay or worsen'…