French oil major TotalEnergies reported a 127% rise in third-quarter earnings on Thursday, beating expectations, as the US-Israeli war with Iran continues to push up oil prices and draw historically high profit margins for refining fuels.Adjusted net income came in at $9…
Turkey may reach agreements to make acquisitions or further explore for hydrocarbons by the end of the year as part of its target to produce 1 million barrels of oil and natural gas a day, Energy Minister Alparslan Bayraktar said on Tuesday…
East Timor is seeking a new operator for its vast Greater Sunrise gas fields, an adviser to the project said, after Woodside Energy's move this week to exit its 33% stake is set to leave it without a partner.East Timor will pay $200 million for Woodside's stake…
Oil and gas company Perenco has restarted production at the Foukanda field offshore Congo following the installation of new infrastructure connecting the field directly to its own facilities.Production resumed on September 15 at a rate of 2…
XRG, the international investment arm of Abu Dhabi National Oil Company (ADNOC), is in talks with Eni about potentially buying a stake in the Italian company's oil and gas business in Libya, two people familiar with the matter said.Negotiations…
The installation of all 73 wind turbines at the 1 GW Hai Long offshore wind project in Taiwan has been completed, with every turbine now generating electricity.The milestone brings the project closer to completion, with final permitting approvals still expected in the first half of 2027…
Oil prices rallied over $2 a barrel on Thursday after more Houthi attacks in Saudi Arabia stoked concerns over a broader escalation of conflict and further disruptions to crude supplies from the world's key exporting region.Brent crude futures LCOc1 climbed$2…
Abu Dhabi-based Ocean Oilfield Integrated Solutions has completed the acquisition and taken ownership of the former Noble Resolve jack-up drilling rig, now renamed Ocean MVM, from Noble Corporation.The GustoMSC CJ50-X100 MC jack-up arrived in Malta on October 13…
Murphy Oil Corporation has reported a successful appraisal well offshore Côte d'Ivoire and an oil discovery offshore Vietnam, alongside the start of production from two offshore developments in Vietnam and the Gulf of America.In Côte d'Ivoire…
The European Union is examining a bloc-wide windfall profit tax on oil and gas companies, the EU's tax chief told Reuters on Monday, as governments scramble for funds to help citizens with soaring energy bills.Oil and gas companies have reaped bumper profits this year…
Ørsted has exercised a buyback right to acquire the remaining 49.9% stake in the Gunfleet Sands 1 & 2 offshore wind farm in the UK from its investment partners, paving the way for full ownership of the 172 MW asset.The company currently holds a 50…
Ithaca Energy has agreed to acquire Suncor Energy's interests in the Terra Nova and White Rose oil assets offshore eastern Canada for $860 million in cash, marking its first international acquisition outside the UK.The deal includes a 48% operated interest in Terra Nova…
Vaalco Energy has completed its Phase 3 drilling program offshore Gabon after bringing the ETSEM-3H development well onstream at an initial stabilized rate of about 2,000 barrels of oil per day, while drilling has started on its Baobab Phase 5 program offshore Côte d’Ivoire…
Lloyd's Register (LR) has awarded Approval in Principle (AiP) to GasEntec for a floating storage and regasification unit (FSRU) concept capable of delivering up to 1 billion cubic feet of gas per day, placing it among the highest-capacity FSRU designs currently under development…
ConocoPhillips has agreed to buy 1 million tonnes per annum of liquefied natural gas (LNG) from Venture Global under a 20-year sales and purchase agreement starting in 2030, the companies said.The agreement adds ConocoPhillips as a long-term customer of Venture Global…
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