Italian explorer Eni has reported 'excellent results' from its latest exploration well offshore Ivory Coast, West Africa, resulting in a 25% increase in the resource estimate for the Baleine field. The Baleine East 1X well was the first exploration…
Norway's Petroleum Safety Authority Norway has given operator Aker BP consent for life extension of the Tambar field in the Norwegian North Sea.The Tambar field is part of production license 065, for which Aker BP is the operator. Consent includes…
Dubai based jackup operator Shelf Drilling has been awarded a three-year contract for with India's Oil and Natural Gas Corporation for work on the Mumbai High. The contract is for the C.E. Thornton jack-up rig, with planned start-up of operations is Q2 2023…
TotalEnergies has made a final investment on the $850 million Begonia project in Block 21, Angola. The project is the first development of block 17/06, 150 kilometers off the Angolan coast, in agreement with concession holder Agência Nacional de Petróleo…
Mexican state oil company Pemex expects to post a rare annual profit this year, with two consecutive quarters already in the black and a boost to crude output from new fields, Chief Executive Octavio Romero told Reuters.If achieved, it will be Pemex's first annual profit in more than a decade…
Petrobras has approved a record dividend payout of 87.8 billion reais ($17 billion), Brazil's state-run oil company said on Thursday, a move that will boost the government's coffers heading into a tense election.In a securities filing, Petroleo Brasileiro SA…
Singaporean conglomerate Keppel Corp on Thursday reported a first-half profit that rose 66%, helped by higher earnings across most of its main businesses and a rebound at its offshore & marine (O&M) unit.Keppel, which traces its roots to a small ship repair yard corporatized in 1968…
Cenovus Energy Inc on Thursday reported a near 11-fold surge in second-quarter profit, helped by its purchase of rival Husky and rising energy prices after the Russian invasion of Ukraine.Oil prices have scaled multi-year records this year as…
BP has reserved Yinson's Nganhurra floating, production storage and offloading (FPSO) vessel for use on its proposed 10-well subsea Palas, Astrea and Juno oil fields (PAJ Project), on Block 31, offshore Angola.Under an agreement signed between BP and Yinson…
Shell on Thursday reported a second quarter profit of $11.5 billion, smashing its previous record just three months earlier, lifted by a tripling of refining profits and strong gas trading.The company also announced a share buyback program of $6 billion for the current quarter…
ADNOC Drilling Company PJSC on Wednesday confirmed the award of contracts worth $2 billion to support the world’s largest offshore sour gas development, ADNOC’s Ghasha offshore mega gas project, offshore Abu Dhabi.The contracts are valued at $1…
UK-based James Fisher and Sons plc and Abu Dhabi’s NMDC Group, an engineering, procurement and construction company working in the marine construction and oil and gas industries, have signed a memorandum of understanding to collaborate on projects…
Oceaneering International on Wednesday announced its Subsea Robotics segment has been awarded a service contract supporting Petrobras projects off the coast of Brazil. The contract is for four years plus options to extend.The Houston-based engineering…
Energy services firm Petrofac said it has been awarded a contract extension from EnQuest that will take its tenure supporting the Kittiwake platform into two decades.Under the terms of the three-year contract renewal, Petrofac will continue…
U.S. oil and gas producer Hess Corp reported a nine-fold increase in second-quarter adjusted profit on Wednesday, helped by a surge in energy prices following Russia's invasion of Ukraine.Oil prices have scaled multi-year highs this year as…