BP has agreed to sell a 20% stake in a block that contains the Trinidad portion of the cross-border Cocuina-Manakin natural gas field to the country's state-owned National Gas Company, the company said on Monday in an emailed statement.BP and…
Siemens Energy has been selected by SBM Offshore, a Dutch provider that manages floating oil production platforms, to supply power generation and gas compression systems for Petrobras.The equipment’s will be installed on the floating production…
The U.S. Court of Appeals for the Fifth Circuit’s recent decision in Ruffin v. BP Exploration & Production, Inc., offers important guidance on expert testimony in toxic tort cases – particularly those arising from the Deepwater Horizon oil spill…
SLB and Equinor have signed a multi-year agreement for advanced reservoir stimulation services across the Norwegian Continental Shelf, including a major upgrade of the well stimulation vessel MV Island Captain.The agreement provides dedicated…
Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz, as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those which violated the proposed rules.Brent crude futures LCOc1 were up 85 cents…
The North Sea Transition Authority (NSTA) has approved a roughly six-month extension to the second term of the P2170 Verbier license, aligning it with the duration of the P2498 Buchan Horst (Buchan) license as work continues on the Greater Buchan…
Nigeria's upstream oil regulator expects at least 22 offshore projects to start production by 2030, with potential investment of up to $50 billion, as Africa's top oil producer pushes to boost oil and gas output and attract new capital.The NUPRC said reforms…
India's top explorer, Oil and Natural Gas Corp (ONGC), hopes to soon sign agreements with Venezuela to operate two oil blocks under the South American nation's new petroleum law, its finance chief said on Wednesday.State-run ONGC, through its overseas investment arm ONGC Videsh…
Angola's state-owned oil company Sonangol and concessionaire ANPG said on Thursday that the Katambi-2 offshore appraisal well crossed two productive intervals and confirmed good quality reservoirs.Initial tests recorded a stabilised production…
British oil and gas producer Harbour Energy raised its annual free cash flow and production forecasts for the second time this year on Thursday after record first-half output and higher oil and gas prices.The London-listed company raised its free cash flow outlook to $1…
Fugro Survey India has been awarded a three-year contract by Vantage International Management Company to provide remotely operated vehicle (ROV)-based deepwater drill support services for ONGC's offshore drilling operations in India.Under the contract…
Brazil's Petrobras is reassessing a major natural gas infrastructure investment in Brazil amid regulatory uncertainty surrounding a proposed government program that could also impact a project by Norway's Equinor, sources told Reuters.The proposal…
Petrobras has confirmed a new gas discovery at the Sandia-1 exploratory well in the GUA-OFF-0 block in deep waters offshore Colombia, further expanding the identified gas potential of the country's offshore basin.The Sandia-1 well is located about 42 kilometers from the Colombian coast in 1…
Oil prices rose on Tuesday as a diplomatic resolution to the U.S.-Iran conflict remained uncertain, while disruptions to oil flows through key shipping routes persisted.Front-month Brent futures LCOc1 rose $1.04, or 1.24%, to $84.81 a barrel…
U.S. President Donald Trump accused ExxonMobil and Chevron on Monday of making 'too much money' off higher fuel prices and said the oil giants should 'give some of that back to the public,' a notable break from his usual alliance with the industry…