Oil And Gas News

 

bp's Search for New CEO to Extend into Next Year

Nov 30, 2023

bp's search for a new chief executive is set to extend into the first quarter of 2024, three sources told Reuters, while the board's probe into whether previous CEO Bernard Looney breached the code of conduct in his undisclosed personal relationships with staff drags on…

Equinor Sells Nigerian Business to Chappal Energies

Nov 29, 2023

Equinor and Chappal Energies have entered into an agreement for the sale of Equinor Nigeria Energy Company (ENEC), which holds a 53.85% ownership in oil and gas lease OML 128, including the unitised 20.21% stake in the Agbami oil field, operated by Chevron…

Webinar: How to Overcome Dynamic Emulsion Layer Measurement Challenges

Nov 29, 2023

Asian Oil & Gas (AOG) is hosting a webinar on the groundbreaking patents that are pushing multiphase detection, measurement, and control technology forward.Throughout the oil and gas and petrochemical industries, liquid-to-liquid separation is a fundamental process…

Environmentalists Ask Court to Block Development of Three North Sea Fields

Nov 27, 2023

Environmental groups on Tuesday will ask a Norwegian court to block the development of three North Sea oil and gas fields, citing insufficient assessment of global climate impact from future petroleum use.The lawsuit filed by Greenpeace and…

COP28 Puts Spotlight on Methane Pledges

Nov 27, 2023

Delegates at this year's U.N. COP28 climate summit are anxious to boost the world's climate change agenda with concrete plans for clamping down on the second-most prominent greenhouse gas – methane.While more than 150 countries have promised…

Petrobras to Invest $102 Billion in Next Five Years

Nov 23, 2023

Brazil's Petrobras will invest around $102 billion within the 2024-2028 period, the firm's new strategic plan showed on Thursday, representing a major boost in expected investments by the state-run oil company.The plan, the first released by…

Equinor’s Economic Boost to Local Industry Increases

Nov 21, 2023

A new report shows that deliveries to exploration, operation and modification of Equinor-operated fields and onshore plants in Norway exceeded 93 billion NOK in 2022, an increase of approximately 13% from the previous year.The report was presented…

EU Targets Upstream Methane Emissions from Imports

Nov 15, 2023

The European Council and Parliament have reached a provisional political agreement on a regulation for tracking and reducing methane emissions in the energy sector.The regulation introduces new requirements for the oil, gas and coal sectors to measure…

Petrobras Expects to Drill near Amazon Mouth in 2024, says CEO

Oct 11, 2023

Brazil's state-run oil company Petrobras expects to do exploratory drilling next year near the mouth of the Amazon River, along the coast of the state of Amapa, Chief Executive Jean Paul Prates said on Wednesday.The region is part of Brazil's Equatorial Margin…

Trinidad Doubles Shallow-Water Energy Auction

Oct 04, 2023

Trinidad and Tobago on Wednesday launched an auction of 13 shallow-water oil and gas exploration blocks, more than double the number of blocks in its last auction, as the Caribbean nation tries to increase energy supplies for its industrial based…

APPEA Becomes Australian Energy Producers

Sep 13, 2023

Australian Energy Producers has been unveiled as the new name of the peak body of the nation’s explorers and producers of essential energy.Previously known as the Australian Petroleum Production & Exploration Association (APPEA), the change…

Webtool Cutter Used in Downhole Decommissioning Tool

Aug 23, 2023

Allspeeds, manufacturer of Webtool hydraulic cutters, has supplied a downhole cutter for James Fisher Decommissioning’s SEABASS subsea well abandonment tool. The smallest Webtool steel wire cutter so far at just 172mm, it is tightly integrated…

Equinor Inaugurates Hywind Tampen, World's Largest Floating Wind Farm

Aug 22, 2023

Norwegian energy firm Equinor and its partners inaugurated the world's largest floating offshore wind farm on Wednesday, whose output will supply nearby oil and gas platforms and cut their greenhouse gas emissions.The Hywind Tampen wind farm…

Egypt Finds New Oil Discovery in Gulf of Suez

Aug 22, 2023

Egypt's petroleum ministry on Tuesday announced a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez.The new discovery was made by Egypt's Cheiron through exploration well GNN-11, currently producing more than 2,500 barrels a day…

Woodside Misses Q2 Revenue Estimate but Sticks to Guidance

Jul 18, 2023

Australian No.1 oil and gas producer Woodside Energy said second-quarter sales tumbled due to weaker commodity prices and maintenance work, missing analyst forecasts, although its shares rose as it stuck to longer-term production guidance.Oil…

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