Norwegian oil and gas group Equinor has further scaled back its renewable energy ambitions, dropping a 2030 installed capacity target and cutting back on investment, it said in a strategy update on Tuesday.The change reflects a wider industry trend…
Hungary's MOL Group and its joint venture partners Repsol and Türkiye Petrolleri A.O. (TPAO) have signed a production sharing agreement for a deepwater offshore exploration block in Libya's Mediterranean waters, advancing plans for oil and gas exploration in the North African country…
Equinor and its partners have drilled a dry well in the prospect under the Heidrun field in the Norwegian Sea.The wildcat well 6507/8-D-4 CH was drilled in production license 124, 240 kilometers west of Sandnessjøen in the ‘Heidrun Cellar SE’ prospect…
U.S. oil and gas producer ConocoPhillips is set to sign a contract with Syria's new government to revive gas production, the Financial Times reported on Monday, citing two people familiar with the matter.ConocoPhillips and Novaterra Energy will…
U.S. oil and gas major Exxon Mobil has applied for environmental authorization for a 35-well exploration campaign in Stabroek block, some 120 miles (193 km) off Guyana's Atlantic coastline, according to environmental regulator EPA.The campaign is expected to run from 2028 through 2033…
Greece has approved Chevron's request to take over a 70% stake from Greece's Helleniq Energy in an offshore block southwest of Greece, the Greek energy ministry said on Monday, in a move that further expands the U.S. oil major's presence in the Mediterranean…
Equinor and its partners are advancing plans for a fourth development phase at the Johan Sverdrup field after appraisal drilling confirmed additional oil volumes in the area, supporting a new subsea tieback project aimed at sustaining production from Norway's largest oil-producing field…
Australia's Woodside Energy said on Monday it was not aware of any proposal involving U.S. major Exxon Mobil and was not engaged in discussions regarding a potential transaction, responding to recent media speculation.Woodside's shares fell 2…
Japanese shippers welcomed on Monday the U.S.-Iran peace agreement which will reopen the Strait of Hormuz but are awaiting more details of the deal and clearance of mines before allowing their ships to pass the chokepoint.According to the association…
A group of oil service workers in Norway said on Monday they will go on strike as wage talks broke down, while a second labour union said it had reached agreement with the industry and would continue working.There was no immediate expectation that oil and gas output would be affected…
Oil prices slipped to a three-month low on Monday after U.S. President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.Brent crude futures LCOc1 fell $3…
Shell is preparing to launch a sale of its offshore wind farms that could fetch more than $1 billion, in the oil giant's latest move away from renewable energy, Bloomberg News reported on Friday, citing people familiar with the matter.The company…
BP has started a process to sell stakes in two of its Gulf of America projects, four people with knowledge of the matter said, in what would be one of new CEO Meg O'Neill's first moves.BP, one of the largest operators in the Gulf of America…
Petrobras' P-79 floating production, storage and offloading (FPSO) unit has completed its first oil offloading after beginning operations at the Búzios field offshore Brazil, according to shipbuilder Hanwha Ocean.Hanwha Ocean, which carried out the engineering…
Industrial action at Inpex's Ichthys liquefied natural gas facilities continued on Friday after a hearing on the Japanese firm's application to halt the strikes was postponed to Saturday.Australia's Fair Work Commission confirmed to Reuters that the hearing was deferred to June 13…