Norwegian oil company Equinor announced Monday it has acquired an additional 22.45% stake in the deepwater Caesar Tonga oilfield in the U.S. Gulf of Mexico from Shell for $965 million in cash.The Andarko-operated Caesar Tonga field is located in 1…
British oil and gas company Hurricane Energy started up its Lancaster field west of Scotland's Shetland Islands, it said on Monday, pushing its shares up 6 percent to a seven-week high.Hurricane specializes in recovering oil from fractures in…
Production at Norway's Oseberg oil and gas field, whose crude is a part of global oil benchmark Brent, is expected to remain shut for eight days, longer than previously anticipated, the company said on Friday.Production at the field was shut…
Italian supermajor Eni said it has found gas and condensate in the first exploration well drilled in CTP-Block 4, approximately 50 kilometers off the Ghana coast.The well was drilled on the Akoma exploration prospect and proved an estimated…
Before Occidental Petroleum Corp clinched a deal on Thursday to buy Anadarko Petroleum Corp for $38 billion, it pursued its U.S. oil and gas exploration and production rival for nearly two years, culminating in the sector's most high-profile public contest since the 1980s…
Brazil's national energy council on Thursday published updated parameters for a massive oil auction scheduled for later this year, including minimum levels of profit-sharing with the government, while also urging a shakeup in the refinery sector…
An explosion has struck an oil-industry vessel in the Caspian Sea, injuring 14 people, the ship's operator, Italian engineering firm Saipem, said on Thursday.The ship, the Israfil Huseynov, was involved in maintenance work linked to the Shah Deniz II project…
Royal Dutch Shell has plans to invest about $2 billion per year in Brazil through 2025, Chief Executive Ben van Beurden told newspaper Valor Econômico in an exclusive interview.Its investment plans could be increased to allow the company to bid in three upcoming oil and gas auctions…
DNV GL has launched Deep Search, a technology that will enable secure, fast and efficient processing of company knowledge and data. Deep Search is a cognitive “mining” tool that uses text and image recognition technologies making it possible to search for text in different format of documents…
Anadarko Petroleum, the U.S. independent energy group in the midst of a takeover, said on Wednesday it was ready to make a final investment decision on its $20 billion liquefied natural gas (LNG) project in Mozambique on June 18.Chief executive…
McDermott International has been awarded a contract by ADNOC to provide front end engineering design (FEED) services on a design-competition basis for phase one of the Umm Shaif Gas Cap Condensate Development Project. The work scope also includes the preparation and submission of an engineering…
US oil major Chevron has stated that it will not make a counter proposal for Anadarko Petroleum, following Occidental's counter bid. Chevron said that: 'Under the terms of its previously announced merger agreement with Anadarko Petroleum Corporation…
UK-based Atlantic focused explorer Chariot Oil & Gas says its Anchois-1 gas discovery and nearby prospects in the Lixus Offshore Licence, off Morocco, contains 1 Tcf.Following completion of an independent competent persons report (CPR), it also says a nearby prospect…
Aker BP is gearing up to drill its Freke-Garm exploration well in the Norwegian sector of the North Sea using Odfjell Drilling's Deepsea Stavanger semisubmersible drilling rig. Norway's Petroleum Safety Authority (PSA) authorised the well, 15/6-15…
An Australian engineering house is partnering with a UK technology organisation to test a prototype system that could enable longer distance subsea tiebacks to be built.Worley’s INTECSEA consultancy is working with the UK's Oil & Gas Technology Centre (OGTC) on the project…