Jadestone Energy has brought the second well in its 2026 Malaysia infill drilling campaign onstream at 2,800 barrels of oil per day (bpd), extending the program that has increased production from the East Belumut field by more than 150%, or about 6…
Oil prices rose to near six-week highs on Wednesday on mounting concerns about disruptions to key Middle Eastern supply routes because of escalating hostilities between the U.S. and Iran and threats to shipping by the Iran-backed Houthi militia in Yemen…
Equinor on Wednesday reported a sharp rise in second-quarter profits, as expected, lifted by a surge in oil and gas prices as the war in the Middle East disrupted global energy supplies.The Norwegian group's adjusted earnings before tax for the April to June period rose to $11…
ABB has agreed to acquire UK-based intelligent flow control solutions provider Rotork in a recommended all-cash deal valuing the company at about $5.5 billion, expanding its automation portfolio and strengthening its position in industrial automation…
Japan's Inpex on Thursday launched construction of its long-delayed $21 billion Abadi LNG project in Indonesia's Masela gas block, in a ceremony that was livestreamed.Production from the plant is expected to start around 2030.Here are some details…
Grupo Carso has signed a binding agreement with TotalEnergies to acquire its entire 30% interest in offshore Block 30 in Mexico's Isthmus Saline Basin.The acquisition will be carried out through Mx Dlta Nrg 1, a subsidiary of Zamajal, in which…
Swedish utility Vattenfall will not go ahead with the giant Vidar offshore wind park, one of two given the greenlight by the government this week, because it would not be profitable, CEO Anna Borg said.Vidar, off Sweden's coast north of Gothenburg…
Kosmos Energy has brought online a new well at the Jubilee field offshore Ghana, which is now delivering at strong initial rates and helping lift field production as the company advances its 2026 drilling campaign.The J76 well, the third well of the 2026 campaign…
French oil major TotalEnergies higher energy prices due to the war in Iran are expected to lift its second quarter profits, though liquefied natural gas income will be sharply down due to weak trading on declining European demand, according to an earnings snapshot published on Thursday…
The head of the International Energy Agency has urged the EU to reexamine its opposition to new oil and gas exploration in the Arctic, as Europe seeks to secure its future energy supplies.The European Union currently supports a ban on new drilling…
BP expects its oil trading result to be slightly higher in the second quarter after an exceptionally strong first quarter, as it continues to profit from a surge in oil prices caused by the Iran war.The British major flagged higher oil realizations…
Oil prices rose on Tuesday to their highest in four weeks, as the U.S. reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz.Brent crude futures LCOc1 were up $2…
London-listed independent energy company EnQuest has cleared a key hurdle in its proposed $833 million acquisition of interests in four offshore production sharing contracts in Malaysia after existing partners waived their pre-emption rights over one of the three transaction packages…
Premium jackup dayrates have improved from 2025 lows and are now holding within a higher range, but pricing remains uneven across fixtures and geographies. That is important, but dayrates are only the starting point. On their own, they say very…
Oil prices gained more than 3% on Wednesday after Iran and the U.S. military traded airstrikes and Washington reimposed crude sales sanctions on Tehran, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again…
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