BHP Group has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas producer worth A$38.5 billion ($28 billion) with growth assets in Australia and the Americas.BHP's exit from petroleum…
Australian oil firm Woodside said Tuesday it had named acting CEO Meg O’Neill as the company’s Chief Executive Officer and Managing Director. O’Neill succeeds Peter Coleman who retired from Woodside in June 2021. Woodside Chairman Richard Goyder…
The U.S. Bureau of Ocean Energy Management (BOEM) has completed its environmental review of the proposed South Fork Wind project offshore New York and Rhode Island.South Fork Wind - proposed by Orsted and Evercore - would be New York’s first…
Rising calls to cut carbon emissions and to reduce global warming could generate more offshore partnerships and increase the output of cleaner oil for Brazil, the production chief of state-controlled Petrobras said in an interview.Brazil oil…
Santos Ltd expects its planned takeover of Oil Search, creating a A$20 billion ($15 billion) company, will help the combined group weather the energy transition better than if they remained separate.The companies agreed an all-scrip deal earlier…
Major U.S. oil industry groups on Monday sued the Biden administration for halting drilling auctions on federal lands and waters this year, arguing the government is required by law to hold regular sales.The American Petroleum Institute (API)…
OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise, four sources told Reuters.The price of international…
Belgium-based offshore installation firm Deme Offshore has informed that the jacket for the Saint-Nazaire offshore wind substation in France has been successfully installed over the weekend. DEME said Monday that the 48 meters tall jacket would be held in place by four foundation piles…
Challenger Energy, the company until recently known as the Bahamas Petroleum Company, is seeking an extension to the license period for its offshore blocks in the Bahamas after it earlier this year drilled an offshore well that failed to unearth commercial quantities of oil…
TotalEnergies nad Macquarie’s Green Investment Group (GIG) and have recently secured an electricity business license (EBL) for their floating offshore wind project located off the coast of Ulsan, South Korea.This is the first floating offshore…
Russian oil firm Lukoil said Monday it had started drilling its first exploration well at Block 12 offshore Mexico.The block is located 50 km off the coast, in the Gulf of Mexico, near the State of Tabasco, Mexico. It covers an area of 521 square meters…
Oil major Chevron Corp is postponing the full return of employees in California and Texas, joining a clutch of companies like Facebook Inc and Amazon.com Inc that have done the same because of a resurgence in coronavirus cases related to the fast-spreading Delta variant…
Oil and gas producers in the U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government data shows, as crashing prices squeezed out smaller drillers who had been seen as the industry's future.The dominance of…
Australian oil company Woodside confirmed Monday it has been in talks with BHP over the potential acquisition of BHP's oil and gas business.'Woodside notes recent speculation regarding a potential transaction between Woodside and BHP Petroleum…
Malaysian oil company Ping Petroleum, a subsidiary of DNeX, has agreed to buy the remaining 50 percent stake in the Avalon oil field in the UK North Sea, for $17 million.Ping will buy the 50 percent stake in the oil field from Summit Exploration and Production…