BP plans to complete its three-well appraisal plan for the Bumerangue project in Brazil's offshore Santos basin by the end of next year's first semester, the firm's senior vice president for upstream in Brazil said on Monday.The company will…
Wage talks between Norwegian oil firms and labour unions broke down on Wednesday and will switch to state-led mediation in a bid to prevent strike action by workers, industry group Offshore Norge said.If Norway's government-appointed mediator…
BP will develop Venezuela's Cocuina-Manakin gas field, on the maritime border with Trinidad and Tobago, as well as explore joint opportunities in the offshore Loran gas field, the company and government said on Wednesday after signing a memorandum of understanding…
BP's first-quarter profit more than doubled year-on-year to $3.2 billion - its highest in two-and-a-half years - the British oil major reported on Tuesday, beating expectations after the Iran war helped boost oil trading results.The spike in…
OPEC member Gabon expects to sign production-sharing contracts with BP and Exxon Mobil in four to six months, the country's oil and gas minister Clotaire Kondja said on Wednesday at an African energy conference held in Paris.BP and Exxon both…
Austria’s OMV has appointed Emma Delaney as Chairwoman of the Executive Board and Chief Executive Officer (CEO) effective September 1, 2026, becoming the first female to lead the company.Delaney will succeed Alfred Stern, whose mandate is set to conclude as planned on Augugst 31…
Norwegian oil and gas company Equinor's downstream division, which includes energy trading, will report stronger first-quarter results this year, partly driven by volatility from the war in the Middle East, the group said on Thursday.Equinor is due to report first-quarter earnings on May 6…
BP said on Tuesday it expects its huge oil trading desk to post 'exceptional' results for the first quarter, signalling a windfall from the spike in oil prices LCOc1 triggered by the U.S.-Israeli war against Iran.The company also said in a quarterly…
BP has agreed to acquire a 60% interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas, marking its entry into the country as an operator.The blocks - PEL97, PEL99 and PEL100 - are located in the Walvis Basin offshore Namibia…
Austrian oil and gas group OMV has proposed Emma Delaney as its new Chief Executive Officer (CEO), with the Supervisory Board set to decide on the appointment at its next meeting.Delaney is proposed to take over as Chairwoman of the Executive Board and CEO from September 1…
Energy producer Shell plans to begin natural gas output in 2027 from the Loran-Manatee offshore field, which crosses the border of Venezuela and Trinidad and Tobago the chairman of Trinidad's National Gas Company, Gerald Ramdeen, told Reuters on Thursday…
Eni has made a gas and condensate discovery offshore Egypt, with preliminary estimates indicating about 2 trillion cubic feet of gas in place.The discovery was made at the Denise W-1 exploration well in the Temsah concession in the Eastern Mediterranean…
Aker BP has started oil production from the Symra field in the North Sea nine months ahead of original schedule.The field is estimated to contribute approximately 63 million barrels of oil equivalent to the Eiga area.Symra is located approximately…
European energy majors TotalEnergies and Shell are among companies eyeing a majority stake in one of the U.S. Gulf's most promising sites, three sources with knowledge of the process said, as interest in North American energy prospects rises due to the Middle East conflict…