Lundin Petroleum must redesign the electricity supply to its Edvard Grieg oilfield, in line with plans laid when the company won permission to develop the North Sea resource in 2012, the Norwegian energy ministry said on Friday.Currently powered with gas turbines…
Mexico aims to lift oil and gas production by almost 50 percent in the next six years and in January will award infrastructure and drilling contracts to develop 20 fields, state oil firm Petroleos Mexicanos said on Saturday.Octavio Romero, chief…
A number of institutional investors in ExxonMobil Corp have said they will file a shareholder resolution which calls on the world's largest oil company to set targets for lowering its greenhouse gas emissions.The call, led by the New York State…
The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said in a report.Shaken by a sharp drop in oil prices in recent months…
Independent global completions service company Tendeka said it has launched a new technology that increases oil recovery by improving injected water conformance in fractured reservoirs or by ensuring effective placement of matrix stimulation acids…
The Brazilian energy advisory council on Monday approved the sixth-round auction for Brazil's coveted pre-salt offshore oil area to be held next year, the energy ministry said.The auction will include the two new blocks of Southwest Sagittarius…
Golar LNG Limited announced Monday that it has received a Limited Notice to Proceed (LNTP) from BP Mauritania Investments Ltd and BP Senegal Investments Ltd, in their capacity as block operators, in respect of the provision of a Floating Liquefaction…
The U.S. Coast Guard said it has partially assumed federal control of response operations to contain an oil discharge from the site of the collapsed Mississippi Canyon Block 20 (MC20) offshore platform in the Gulf of Mexico, approximately 11 miles south of the mouth of the Mississippi River…
Woodside and Cairn Energy awarded front-end engineering contracts for Senegal's first oil project, a key step before a final investment decision expected in mid-2019, Woodside said on Monday.The project's first phase targets the unlocking of…
British oilfield services company Hunting Plc expects oil and gas producers to defer some projects as a recent decline in crude prices could hit their short-term budgets, it said on Monday.Oilfield service companies, including U.S.-based Schlumberger…
Production from the Aasta Hansteen gas field in the Norwegian Sea began Sunday, opening a new region for gas export to Europe, Norway's Equinor announced Monday.The Aasta Hansteen field, named after the Norwegian feminist, social commentator…
Russian oil producer Gazprom Neft said on Monday that it expected its 2019 investment excluding joint ventures to total 374 billion roubles ($5.62 billion).It said it expects its 2018 hydrocarbons output to stand at 92.8 million tonnes of oil equivalent in 2018…
Mexican state-run oil giant Petroleos Mexicanos will focus on existing shallow water assets and refining next year at the expense of riskier, deepwater projects under a new government that has vowed to turn around the ailing company.The 2019…
Offshore geophysical company Polarcus Limited announced Monday that it has received a contract award for an XArray marine seismic acquisition project in West Africa.The project will commence in Q1 2019 with an approximate duration of two months…
Ouro Preto has cut its bid for two shallow water mature oilfield clusters from Brazil's state-run oil company Petroleo Brasileiro, flagging a drop in oil prices in recent months, three sources with knowledge of the matter said.Ouro Preto, a…