TechnipFMC announced Friday it has been awarded a contract from BP for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit to be deployed for the Greater Tortue Ahmeyim project offshore West Africa…
Record U.S. output, exports offset some of OPEC's cuts.Oil prices were broadly steady on Friday as surging U.S. supply and concerns of a global economic slowdown were offset by falling OPEC output.International Brent crude futures were at $66…
The United States needs to be cautious about pending legislation that would allow the Justice Department to sue OPEC and other oil producers over supply cuts because it could result in higher prices in the long term, U.S. Energy Secretary Rick Perry said on Thursday…
China's state-owned CNPC has started developing a new offshore shale oilfield near the Bohai Rim Basin, the company said via its official newspaper on Thursday.CNPC aims to produce 50,000 tonnes of shale oil from the Bohai Rim Basin in 2019…
U.S. oil and gas major Exxon Mobil Corp said on Thursday it had found natural gas offshore Cyprus, a region already known for some of the world's largest such discoveries.The east Mediterranean island is located in the Levant basin, where both…
For the joint partners in the Mozambique Area 1 project, 2019 started off on a high note with the signing of five new gas sale and purchase agreements that pushes closer to realization Mozambique's first onshore LNG facility on which the development…
Mexico's national oil company Pemex narrowed its multibillion-dollar losses last year, executives said on Wednesday, as it seeks to fast-track the development of 20 new fields this year in a bid to bring new streams of crude online.Long a source of Mexican pride and a potent political symbol…
Royal Dutch Shell aims to boost output and recoverable reserves from its Ormen Lange gas field off Norway by installing subsea compressors, the head of its Norwegian operations said on Wednesday.Output from Shell-operated Ormen Lange, Norway's…
Exxon Mobil Corp has resumed seismic exploration for oil and gas off of the coast of Guyana after halting work in December due to a run-in with the Venezuelan navy, a Guyanese government official said on Tuesday.Vessels have been able to travel unimpeded since the incident…
Exxon Mobil Corp said on Tuesday it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, driven mainly by increases in its holdings in the U.S. Permian Basin, Guyana and Brazil.The oil major said its proved reserves totaled 24…
Workers at three of Total's North Sea oil and gas platforms will hold a series of strikes between March 11 and May 8, Britain's Unite union said on Tuesday.Unite members on the Elgin Franklin, North Alwyn and Dunbar platforms will take part in a continuous ban on overtime on March 11…
Shell upstream boss Brown sees 'no merit' in tax claim. Separately, Shell to fast track Whale development in Gulf of Mexico.Royal Dutch Shell said on Tuesday that Nigeria's claims that it was owed billions in taxes could delay the development…
Brazil's oil regulator said on Monday that is has started an investigation into an oil spill at an offshore platform owned by Petroleo Brasileiro SA.On Saturday, about 188 cubic meters of oil leaked from the offshore P-58 platform, which is located in the Campos basin…
A board of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. unit Citgo Petroleum on Thursday was arranging its first meeting at the company's headquarters, according with two people familiar with the matter…
Mexican President Andres Manuel Lopez Obrador said on Thursday the country will not offer more oil joint ventures between private companies and state energy company Pemex for the moment.In reply to a question about the contracts known in the…
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