U.S. oil major Chevron Corp has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon emissions.Major…
Brazilian oil and gas company PetroRio has received regulatory approval for a revised development plan of the Frade oil field offshore Brazil.The new development plan, approved by the national oil industry regulator ANP, allows the drilling…
A commercial court in Ghana on Friday ordered that 30% of revenues from an Eni-operated oilfield be placed in an escrow account, granting a request by the local operator of an adjacent field over Eni's objections.Springfield, which operates…
The first deepwater gas field fully operated by a Chinese company, Lingshui 17-2, started production on Friday, the country's national offshore producer CNOOC Ltd said.The gas project, in the South China Sea, is expected to reach peak production of 328 million cubic feet of natural gas and 6…
Oil and gas firm LLOG on Wednesday announced the first production from its Praline offshore field, located in Mississippi Canyon Block 74 in the U.S. Gulf of Mexico.The Praline well was drilled in 2,600 feet of water to a total depth of 13,400 feet and discovered over 125 feet of net hydrocarbons…
Oil major BP said Wednesday it had started up production from the Manuel project in the US Gulf of Mexico, 'the fourth of five major projects expected to be delivered globally in 2021.'The Manuel development is located on Mississippi Canyon block 520…
Norway’s oil and gas industry is counting on renewable power from hydro plants to cut emissions from its offshore platforms but rival demand from the green economy is putting a spanner in the works.The decision to keep investing in new oil and…
London-listed oil and gas company Harbour Energy said Wednesday it expected the first production from its Tolmount field in the UK North Sea around the end of July.The Tolmount gas field is located in Block 42/28d, in the UK southern North Sea…
Oilfield services firm Petrofac will continue supporting the Kittiwake platform offshore the UK, following the award of a one-year contract extension from the oil company EnQuest.Under the terms of the contract, Petrofac will continue in its capacity as Duty Holder of Kittiwake…
Crude oil prices settled slightly lower on Tuesday after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75…
UK's Unite union's Scotland unit on Tuesday said talks to prevent industrial action at Sullom Voe Terminal have ended with no movement on the part of Shetland Islands Council (SIC) to resolve the dispute over a long service award.Unless the Council accepts liability…
The cost of renewable energy sources is undercutting that of new and some existing coal-fired power plants, a report by the International Renewable Energy Agency (IRENA) showed on Tuesday.Due to cheaper renewable energy, up to 800 gigawatts…
OPEC+ is discussing a further easing of oil output cuts from August as oil prices rise on demand recovery, but no decision had been taken yet on the exact volume to bring back to the market, two OPEC+ sources said on Tuesday.The Organization of the Petroleum Exporting Countries and allies…
Russian liquefied natural gas producer (LNG) Sakhalin Energy said on Monday a planned shutdown on its Piltun-Astokhskaya-B (PA-B) offshore oil and gas production platform had been successfully completed.The PA-B platform was the first this year…
Iran could quickly export millions of barrels of oil it is holding in storage if it reaches a deal with the United States on its nuclear program and has been moving oil into place to prepare for an eventual restart, four traders and industrial sources said…