INEOS Energy has completed the acquisition of CNOOC’s oil and gas assets in the Gulf of America, increasing its global oil production to over 90 thousand barrels of oil equivalent per day. The completion of the deal marks the third major investment by INEOS Energy in the United States…
British oil and gas group Serica Energy lowered its outlook for 2025 total production on Tuesday, pressured by production delays at its Triton floating production storage and offloading unit in the North Sea.Serica has increased production through acquisitions and investments in recent years…
The Johan Castberg oil field in the Barents Sea came has come on stream, strengthening Norway’s role as a long-term energy exporter.The Arctic field came online on March 31, at 10.35 local time.Expected to be in production for 30 years, Johan Castberg can produce 220…
India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus with Washington, a key irritant for President Donald Trump, four government and industry sources said.The…
Companies planning a flagship offshore gas project between Venezuela and Trinidad and Tobago 'have not slowed down' work, Trinidad Prime Minister Stuart Young said on Thursday, despite the United States increasing pressure on sanctioned Venezuela…
China National Offshore Oil Company (CNOOC) has posted an 11.4% net profit growth in 2024, marking a record year of oil and gas production, which has been increased by 7% compared to a year earlier.In 2024, CNOOC recorded a net oil and gas production of 726…
NEO Energy and Repsol Resources UK have entered into strategic merger, creating one of the largest U.K. North Sea independent oil and gas companies under the name of NEO NEXT.Under the terms of the transaction, the combined business will be…
Oilfield services company TechnipFMC has been secured a ‘large’ integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by Equinor for the Johan Sverdrup Phase 3 development in the Norwegian North Sea.The Johan Sverdrup field…
A final investment decision (FID) for the Sea Lion development offshore the Falkland Islands could be reached in mid-2025, according to Rockhopper, which is partner in the project with the operator Navitas Petroleum.Navitas continues to estimate Capex to first oil on phase 1 of c$1…
Norway's combined oil and gas production exceeded an official forecast by 1.8% in February, the Norwegian Offshore Directorate (NOD) said on Thursday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output…
Eni and Petroci have announced a significant increase in gas supply for Côte d'Ivoire’s power generation system from the Phase 2 of the Baleine offshore project.Launched in December 2024 on schedule, Phase 2 of the Baleine project marks another…
U.K.-based oil firm Serica Energy has informed that Triton floating production storage and offloading (FPSO) unit is not expected to come back online before May 2025, as the company works on finding a long-term solution to stabilize production with the operator Dana Petroleum…
Equinor has started production at the Halten East development in the Norwegian Sea, two years following approval from Norwegian authorities.Halten East is a tie-in development located in the Kristin-Åsgard area in the Norwegian Sea. Vår Energi and Petoro are partners…
China National Offshore Oil Corporation (CNOOC) has brought on stream two oil and gas projects offshore China, which feature 'intelligent technologies' for improved efficiencies and reduced carbon footprint.The first project, Caofeidian 6-4 Oilfield Comprehensive Adjustment Project…
Brazilian oil and gas firm Brava Energia has signed a contract with Shell Western Supply and Trading, Shell’s subsidiary, for the sale of oil from the Atlanta field, offshore Brazil.Brava Energia said the contract provides for flexible conditions…
Subscribe
