China's CNOOC Ltd has tapped commercial flows of oil and gas from a shale exploration well in the South China Sea, marking the first successfully drilled shale oil well offshore China, state media reported on Thursday.Exploration well Weiye-1…
Houston-based Deepsea Technologies, Inc. (DTI) on Tuesday announced it has acquire a 100% share AF Global UK Ltd. (AFGUK), the subsea division of AFG Holdings Corporation. The company will now operate under the name Deepsea Technologies UK Ltd…
India introduced export duties for gasoil, gasoline and jet fuel on Friday to help boost domestic supplies, while also imposing a windfall tax on oil producers that have benefitted from higher global crude oil prices.The new taxes, announced in government orders…
Shell UK Ltd has awarded Maersk Drilling a contract to supply the harsh-environment jack-up rig Maersk Resilient for the drilling of the Pensacola well in the UK part of the North Sea.The contract is scheduled to begin in the second half of 2022…
Western Gas said on Monday its Sasanof-1 exploration well off Western Australia found no hydrocarbons, in a big disappointment for one of the most closely watched drilling campaigns in Australia this year.Ahead of drilling, the Sasanof prospect…
Suncor Energy Inc exceeded analysts' estimates for first-quarter profit and boosted dividend by 12% to its highest level on Monday, as Canada's No.3 oil major benefited from soaring crude prices.Global crude oil prices surged to levels not seen…