Brazilian oil company Petrobras has started the binding phase for the sale of its stake in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin, state of Sergipe.Petrobras said last month it was relaunching the the sale process of its stake in the Tartaruga field…
Suncor Energy Inc exceeded analysts' estimates for first-quarter profit and boosted dividend by 12% to its highest level on Monday, as Canada's No.3 oil major benefited from soaring crude prices.Global crude oil prices surged to levels not seen…
U.S. government officials in March asked Brazil's state-run oil company Petrobras whether it could increase crude output after Russia's invasion of Ukraine sent global prices soaring, three people with knowledge of the matter told Reuters. They came away empty-handed…
Oil and gas company Neptune Energy said Tuesday it would spend more than $1 billion over the next five years 'securing energy supplies for the UK and speeding the transition to net zero.'The amount planned for investment includes capex and pre-development…
Pre-front end engineering and design studies (Pre-FEED) have started for the development of the Ithaca and Hibiscus owned Marigold field via the Repsol Sinopec-operated Piper Bravo platform in the UK North Sea. Repsol Sinopec made the announcement…
Norwegian oil and gas company Equinor has agreed to sell its non-operated share in the Greater Ekofisk Area and a minority share in the Martin Linge offshore field, both offshore Norway, to Sval Energi for $1 billion in cash, plus contingent payments linked to oil and gas prices in 2022 and 2023…
Guyana is in 'no rush' to draft a new production sharing agreement (PSA) for offshore oil development, its Natural Resources minister told Reuters, reversing a year-long drive to devise new rules for future output.The government of South America's…
Almost half the shortfall in planned oil supply by OPEC and its allies is down to Nigeria and Angola, data seen by Reuters shows, reflecting a number of factors including moves by Western oil majors away from African projects.OPEC and its allies…
Brazil's Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after Brazilian President Jair Bolsonaro railed against the state-run oil company's profitability, saying its executives had no sympathy for ordinary people…
Singapore's Keppel Offshore & Marine has, via its subsidiary Keppel Shipyard, secured contracts worth around S$250 million (~USD180,4 million) for the integration of two Floating Production Storage and Offloading vessels (FPSO).Keppel Offshore & Marine…
Angolan state oil company Sonangol sold one of the June-loading cargoes it has been offering, traders said on Thursday, although supply remained relatively ample amid weak Chinese demand.Sonangol sold its June-loading Dalia cargo that had been offered at dated Brent minus 50 cents…
Oil output at the BP-led Azeri–Chirag–Gunashli project in Azerbaijan amounted to 5 million tonnes in the first quarter of 2022, BP BP.L said on Thursday.BP also said the Shah Deniz field produced more than 6 billion standard cubic meters (bscm)…
Norwegian oil companies Equinor and Aker BP have agreed for the Krafla offshore field operator to be transferred from Equinor to Aker BP. With this transaction Aker BP will be the operator of all discoveries in the NOAKA area - Krafla, Fulla…
Oil prices jumped on Wednesday as the European Union, the world's largest trading bloc, spelled out plans to phase out imports of Russian oil, which offset worries about demand in top crude importer China.Brent crude futures were up $4.00, or 3…
U.S. Gulf of Mexico-focused oil and gas company LLOG on Wednesday announced the planned development of the Salamanca floating production facility to be used to develop two offshore discoveries in the U.S. Gulf of Mexico.The company said that…
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