Angola expects its oil production to temporarily increase next year on the back of recent private investments in the sector, but output will remain below 1.5 million barrels per day, its finance minister told Reuters on Thursday.Beyond next year…
TotalEnergies is considering a bid for private equity-backed gas and oil producer Neptune Energy Group, Bloomberg News reported on Thursday, citing people familiar with the matter. The French company is among the suitors that have held early-stage talks with Neptune…
Oil major BP has started oil production at its Argos offshore platform in the deepwater U.S. Gulf of Mexico.With a gross production capacity of up to 140,000 barrels of oil per day, Argos is BP’s fifth platform in the Gulf of Mexico and the…
The Dutch oil and gas company ONE-Dyas has awarded subsea services firm N-Sea a contract to install a subsea power cable between the Riffgat offshore wind farm and the new to be built N05-A gas production platform in the Dutch North Sea.N-Sea's scope comprises of survey…
U.S. oil producer ConocoPhillips on Wednesday unveiled a 10-year plan that raised its targets for greenhouse gas reductions and put its annual capital expenditure at about $10 billion on average, ahead of an investor meeting.Houston-based ConocoPhillips…
Oil and gas company Trinity Exploration & Production said Wednesday that a generator-related fire occurred on its Bravo Platform in the Trintes Field, in the Galeota Block, offshore east coast Trinidad at around 21:15 local time.'Production from the Bravo platform was halted…
Finland-based marine equipment and technology provider Wärtsilä said Wednesday it would operate the power modules onboard an FPSO vessel in Brazil on behalf of the owner 3R Petroleum. The vessel operates in the Papa Terra oilfield offshore Brazil…
Dutch FPSO specialist SBM Offshore on Tuesday announced the arrival of the FPSO Prosperity at the Stabroek Block offshore Guyana.The FPSO traveled just over 11,000 nautical miles – or just over 20,000 kilometers - from Singapore to Guyana in just under 50 days…
Kazakhstan has started arbitration proceedings against companies developing its Kashagan and Karachaganak oilfields over $13 billion and $3.5 billion, respectively, in costs deducted as part of profit-sharing deals, its energy minister said on Tuesday…
BW Energy on Monday announced it has achieved first oil from the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon.'Production performance from the first well has been in line with expectations and is currently stabilized at approximately 6…
SMJ, a company owned by the Sabah State Government, has signed an agreement with Petronas Carigali for the acquisition of Petronas' 50% non-operating stake in the Samarang production sharing contract (PSC).Petronas Carigali will continue to be the operator of Samarang PSC…
Oil majors operating Kazakhstan's Kashagan and Karachaganak oil fields are being taken to arbitration by the country over allegations including unapproved spending, Bloomberg News reported on Wednesday, citing people familiar with the matter…
Oil and gas company Karoon has shut production from its Baúna field offshore Brazil, including from the Patola field, due to 'a loss of containment incident' associated with the high-pressure flare on the Cidade de Itajaí FPSO.Karoon said that production was shut-in on March 28…
A group of Australian Indigenous people has lodged human rights grievances with 12 Australian and international banks urging them to withdraw a $1 billion loan to Santos Ltd for its Barossa offshore gas project. Environmental and Indigenous groups have been campaigning for years against the $3…
Surprise new cuts to the OPEC+ group's output targets could push oil prices towards $100 a barrel, setting the scene for another clash with the West grappling with higher interest rates, analysts and traders said.The decision signals unity within…
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