Norway's Hammerfest liquefied natural gas plant has restarted LNG production following a fire almost two years ago, boosting the country's gas exports, operator Equinor said on Thursday.The company last week told Reuters the plant had completed repairs and was preparing to restart output…
Philippines ports and gaming tycoon Enrique Razon is acquiring a majority stake in a South China Sea gas field from a close ally of outgoing President Rodrigo Duterte, a move seen benefitting his oil exploration franchise on the Reed Bank.Razon's…
UK-based oil and gas company IOG has resumed production from its Saturn Banks fields in the North Sea at reduced levels following a halt in May due to Perenco Bacton terminal's issues with handling the fields' condensate.IOG said Wednesday that on 31 May…
Malaysia's state energy firm Petronas on Tuesday posted higher profit of 23.4 billion ringgit ($5.35 billion) for its first quarter, in tandem with greater revenue following an upward trend in prices.Revenue rose almost 50% to 78.8 billion ringgit in the January-March quarter…
European Union leaders have agreed an embargo on Russian oil imports that will start kicking in towards the end of the year and which exempts, for now, pipeline imports that Hungary and two other landlocked Central European states rely on.The…
Cenovus Energy and its partners have agreed to restart the West White Rose oilfield project offshore Newfoundland and Labrador, Canada in 2023, the oil and gas producer said on Tuesday.Major construction activities in West White Rose project…
Suriname's state oil company Staatsolie plans to hold an auction for deepwater offshore blocks at the end of 2022 and another for shallow water blocks in mid-2023, the company's managing director told Reuters.The South American nation is a small…
Ørsted on Monday warned that Russia's Gazprom Export could stop supplying gas to the Danish energy company because it has refused to pay in roubles, but such a move would not immediately put Denmark's gas supplies at risk.Russia's rouble payment…
Israel is renewing offshore natural gas exploration and hopes to reach an agreement soon for exporting gas to Europe, Israel's energy minister said on Monday.Energy Minister Karine Elharrar had said exploration for new gas fields would be put…
Russia should cut oil production by 20%-30% to 7 million-8 million barrels per day (bpd) to get a better price and avoid selling it at a discount, Leonid Fedun, the vice-president with Russian company Lukoil, wrote in RBC newspaper.Western sanctions…
Colombian energy producer Ecopetrol ECO.CN aims to boost its oil and gas output by just over 40% to around 1 million barrels of oil equivalent per day (boepd) in 2030 and plans to start a pilot carbon capture storage (CCS) project, a senior company executive said…
Oil and gas company Trident Energy said Thursday it had completed its first Brazilian subsea campaign to connect the MA-34 production well to the P-08 semi-sub platform, as part of its plans to enhance production on its Pampo field.'Trident…
The FPSO Atlanta, contracted by the Brazilian oil company Enauta to Malaysia's Yinson for conversion to service the Atlanta Field offshore Brazil, will be operated under ABS Class.The Atlanta, which will serve as the Definity Production System at the Atlanta Field in the Santos Basin…
UK-based oilfield solutions company Oil Plus has said it has secured two produced water-related projects in Qatar worth $450,000 in total. Oil Plus will deliver a Pre-FEED oil and water analysis for Qatar Energy, and a water injection study…
Oilfield services giant TechnipFMC said Thursday it had secured a contract with Equinor for work on the Halten East development offshore Norway.TechnipFMC said the contract was a significant one, which for TechnipFMC means it is worth between $75 million and $250 million…