French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus on low breakeven projects that can weather weak oil prices, it said on Thursday.The company…
Multinational oil and gas exploration company Tullow Oil plc will in the next two months launch a bid to acquire 3,000 square kilometers 3D seismic survey after the firm successfully completed its entry into the Africa’s east coast volcanic archipelago of Comoros…
The Trump administration is split over whether to renew a license this week for energy company Chevron Corp's operations in Venezuela, with Secretary of State Mike Pompeo supporting a renewal and others opposing it, three sources with knowledge of the matter said on Tuesday…
Eni, Total and Qatar Petroleum have signed an agreement that will see the Qatari national oil company acquire stakes in three deepwater exploration blocks in the Lamu basin offshore Kenya.The L11A, L11B and L12 blocks are situated in what is…
Suppliers hoping to tap the fast-warming Eastern Mediterranean energy market need look no further than the consortia submitting bids on 12 of 19 exploration blocks offshore Israel.With gas-supply deals in place with Egypt, Jordan, Greece and domestic Israeli producers…
Brazilian oil company Petroleo Brasileiro SA has chosen a bid from Warburg Pincus-backed Trident Energy as the winner in a final 're-bid' for two offshore oilfields, three sources with knowledge of the matter said.Petrobras, as the Brazilian state-run oil company in known…
UK based contractor Tolent started work to construct a new multi-million offshore construction and operations base for Triton Knoll has officially started at Grimsby’s Royal Dock.Having been awarded the contract last month, Tolent has now begun work to construct control room…
New York on Thursday awarded two major offshore wind contracts to Norway's Equinor and a joint venture between Denmark's Orsted and U.S. utility Eversource, procuring more of the renewable power than it had planned as part of Governor Andrew Cuomo's ambitious plan to slash greenhouse gas emissions…
Italian services company Saipem said it will design and built a 500 megawatt (MW) floating offshore wind farm in Saudi Arabia under a memorandum of understanding and exclusive agreement with Abu Dhabi based renewables solutions firm Plambeck Emirates…
Israel received bids from two groups of companies to explore for oil and gas off its Mediterranean coast, the Energy Ministry said on Monday.Israel had offered rights to 19 offshore blocks, and said the groups offered to explore in 12 of them…
The Norwegian subsidiary of Polish state-owned PGNiG said it has acquired a stake in the Neptune-operated Duva field currently being developed in the Norwegian North Sea.PGNiG Upstream Norway said it acquired 20% shares in the field – PL 636…
Power production from German North Sea wind farms from January to June totaled 9.51 terawatt hours (TWh), 16% more than in the same 2018 period, grid company TenneT GmbH said on Monday.TenneT, the German arm of the bigger Dutch transmission network group…
Almost 59 percent, or 1.1 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico has been cut because of Tropical Storm Barry, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Friday…
Norway's oil production fell 28.2% year-on-year in June to 1.067 million barrels per day, lagging the official forecast for the month by 10.2%, Norway's Petroleum Directorate (NPD) said on Friday.Including condensate and natural gas liquids (NGL)…
Norwegian oil firm Aker BP has made an oil discovery off Norway which could strengthen its hand in negotiations with sometimes partner Equinor on how to develop fields.Aker BP, formed from a merger of BP's Norwegian oil assets and the Det norske oil firm controlled by billionaire Kjell-Inge Roekke…
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