Offshore drilling rig owner Northern Ocean said Wednesday that its Deepsea Mira semi-submersible drilling rig had kicked off its drilling contract with TotalEnergies in Namibia, where the French oil major last year made a giant oil discovery with its Venus-1x well…
Top U.S. Gulf of Mexico oil producer Shell said on Wednesday that its Olympus offshore platform in the Gulf of Mexico was in the process of ramping up production after maintenance.The Olympus platform was offline for planned overhauls, starting June 7…
Indonesian state energy firm Pertamina is finalizing an acquisition of Shell's shares in the country's Masela gas project, its chief executive officer said on Tuesday.Indonesia's energy minister on Monday said Pertamina was leading a consortium…
Exxon Mobil Corp on Wednesday signaled second-quarter operating profits fell sharply on lower natural gas prices and weaker oil refining margins, according to a regulatory filing.Operating earnings dropped to about $7.8 billion from $17.85 billion a year earlier…
Top U.S. Gulf of Mexico oil producer Shell on Thursday said its Olympus production platform in the U.S. Gulf of Mexico is offline for planned maintenance.The work started a week ago on Wednesday, June 7, and is expected to last 14 days, Shell said…
The first electricity has been produced from the large Hollandse Kust Noord offshore wind farm, companies running the project said on Monday.In a statement, the CrossWind consortium led by Shell and Mitsubishi subsidiary Eneco said it had delivered…
Shell will ramp up dividends and share buybacks while keeping oil output steady into 2030 as part of CEO Wael Sawan's efforts to regain investor confidence that wavered over its energy transition plan.In a new financial framework announced on Wednesday…
Russia intends to press the United Nations Security Council again for an international investigation into explosions on the Nord Stream gas pipelines last September, Foreign Ministry spokeswoman Maria Zakharova said on Thursday.Unexplained explosions…
A close ally of Russian President Vladimir Putin said on Wednesday there was no reason for Moscow not to destroy its enemies' undersea communication cables given what he said was Western complicity in the Nord Stream pipeline blasts.A sharp drop in pressure on both pipelines was registered on Sept…
Shell will keep oil output steady or slightly higher into 2030 as part of CEO Wael Sawan's efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while oil and gas profits are booming, company sources said…
Malaysia's state energy firm Petronas sees its domestic oil and gas production peaking at about 2 million barrels of oil equivalent per day (boepd) by 2024, its exploration executives said on Tuesday.About 60-70% of its production is natural gas and will remain so going forward…
Norway's government said on Wednesday it had given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the country's strategy to extend production for decades to come…
Brazil aims to pass a regulatory framework for offshore wind and green hydrogen by the end of this year, the country's energy minister told Reuters on Tuesday, as Latin America's largest nation seeks to unlock new sectors to power its energy transition…
Britain's windfall tax on oil and gas producers will not be applied if prices drop below certain levels for six months in a row, the finance ministry said on Friday, in a move the government hopes will boost energy security.The energy profit…
Russia said on Sunday that Ukraine had made unsuccessful attempt to attack a Russian naval ship with six high-speed drone boats as the Russian vessel patrolled major natural gas pipelines in the Black Sea.The 'Priazovye' ship was carrying out…
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