BP is in talks with Petrobras to sell a stake in its Bumerangue oil block off the coast of Brazil, Bloomberg News reported on Thursday, citing people familiar with the matter.Reuters could not independently verify the report. BP and Petrobras…
Amplitude Energy has completed its Annie-2 gas development well, confirming high-quality reservoir characteristics and indicating potential resource upside for its East Coast Supply Project (ECSP) in Australia's Otway Basin.The well, located in permit VIC/L37…
Hokchi Energy, one of Mexico's largest private oil producers, plans to begin drilling two exploratory wells at the Woolis and Tojol prospects in shallow Gulf of Mexico waters, it said in a statement on Wednesday, adding that combined these had…
China's CNOOC has discovered a high-yield oil and gas well in ultra-deep volcanic formations in the Bohai Sea, with testing showing natural gas flow of approximately 800,000 cubic meters (28 million cubic feet) per day.The well, located in central Bohai near the Bozhong Sag…
Dutch floating production specialist SBM Offshore on Thursday raised its full-year revenue and core profit guidance for the third time this year, citing a strong year-to-date performance driven by its turnkey unit.The company lifted its directional revenue outlook for the year to about $7…
Norwegian oil and gas companies have cut their projected investments for 2026 while raising the outlook for 2027 compared with estimates made three months ago, an industry survey by the statistics office (SSB) showed on Thursday.The Nordic country's…
Murphy Oil Corporation has signed four production sharing contracts covering approximately 2.6 million acres offshore Cameroon, expanding its offshore exploration portfolio.The agreements cover the Elombo, Etinde Exploration, Ntem and Tilapia blocks…
Vietnam-Russia joint venture Vietsovpetro has started commercial oil production from the BK-26 platform at the Bach Ho field in Block 09-1, bringing the facility online 36 days ahead of schedule.First oil flowed at 7:15 a.m. on November 9, ahead of the originally planned December 15 start…
Planet One Oil & Gas has discovered hydrocarbons in a carbonate reservoir at its Nya Gyidie-1X exploration well offshore Ghana, marking the country's first successful test of a geological formation that could open new opportunities for oil and gas exploration…
A fire that broke out on a platform at Iran's South Pars gas field, the world's largest offshore natural gas field, was contained on Tuesday, the semi-official Fars news agency reported, citing the deputy oil minister.The cause of the fire was under investigation…
Brazil's state-run oil firm Petrobras has frustrated market expectations as it increased investment projections for the year while reporting lower-than-expected financial results in the third quarter on Tuesday.The firm's net profit of 39.7 billion reais ($7…
Poland's largest energy group Orlen said on Tuesday it terminated one of its two long-term liquefied natural gas supply contracts with QatarEnergy after a force majeure left the supplier unable to meet its delivery obligations.The move marks…
Eco (Atlantic) Oil & Gas has completed the farm-down of 60% participating interests in three Namibia’s offshore exploration licenses to BP, transferring operatorship of the blocks and clearing the way for a new seismic exploration program.The transaction covers Block 2012A under PEL97 (Cooper)…
Techouse has secured a contract from Black & Veatch to supply heat recovery steam generation (HRSG) modules for Golar LNG's fourth floating liquefied natural gas (FLNG) project, with the system expected to reduce fuel consumption by 20-25% compared with conventional gas turbine-only systems…