Libya's state-run National Oil Corporation (NOC) and Eni have made a new gas discovery in Area D, in the offshore area west of Libya.The discovery follows the successful drilling of the 1-16/4 exploratory well in Contract Area 4/16, operated by Eni North Africa…
A Brazilian federal court has issued an injunction exempting TotalEnergies, Repsol Sinopec, Galp's Petrogal, Shell and Equinor from a tax on crude oil exports, a court document seen by Reuters shows.The Tuesday decision says a 12% tax enacted about a month ago as oil prices spiked due to the U…
Israel's energy ministry said on Thursday that it had instructed Energean to begin resuming operations at the Karish natural gas platform off Israel's Mediterranean coast following the U.S. ceasefire with Iran.The platform has been closed since February 28…
Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted.Brent crude futures LCOc1 were up $2.18, or 2.3%, at $96.93 a barrel at 0645 GMT…
Shell said on Wednesday that weaker first-quarter gas output and a hit to short-term liquidity would be offset partly by stronger oil trading, offering an early glimpse into how the U.S.-Israeli war on Iranis reshaping oil majors' earnings.Global…
Perenco has completed the acquisition of Saturn Banks assets in the U.K. Southern North Sea after receiving regulatory approval.The transaction, agreed with CalEnergy Resources, includes the purchase of CalEnergy North Sea Limited and CalEnergy Infrastructure Limited…
Technip Energies has received a substantial authorization to continue work on the Commonwealth LNG project in Louisiana, as the development moves toward a final investment decision.The authorization, awarded by Commonwealth LNG, allows the company to proceed with key engineering…
The Norwegian Offshore Directorate (NOD) has put in focus a major undeveloped gas discovery in the Norwegian Sea that could offer significant value, but warned that time is running out to bring it into production.The Gro discovery, located about…
Sunda Energy has signed a letter of intent (LoI) with Finder Energy to collaborate on securing a drilling rig for planned offshore campaigns in Timor-Leste.The agreement, signed between Sunda’s subsidiary SundaGas and Finder’s Timor-Leste unit…
French President Emmanuel Macron said about 15 countries were planning to facilitate the resumption of traffic through the Strait of Hormuz, through which a fifth of the world's oil supply usually flows, after a ceasefire between the United States and Iran was announced…
Oil prices dived, stocks surged and the dollar was knocked back on Wednesday as a two-week Middle East ceasefire sparked a relief rally, fuelled by hopes that oil and gas flows through the Strait of Hormuz could resume.The news capped weeks of market volatility and geopolitical upheaval after U…
Aberdeen-based subsea technology specialist Decom Engineering has secured a United States patent covering key elements of its Chopsaw cutting technology, strengthening its position in the subsea and onshore cutting market.The patent protects a combination of mechanical and operational features…
Eni has made a gas and condensate discovery offshore Egypt, with preliminary estimates indicating about 2 trillion cubic feet of gas in place.The discovery was made at the Denise W-1 exploration well in the Temsah concession in the Eastern Mediterranean…
Brazilian oil and gas firm PRIO has brought a third producing well online at its Wahoo field offshore Brazil, as it advances plans to ramp up output to 40,000 barrels per day by the end of April.The company said production from the third well has stabilized at around 10…
Dolphin Drilling, an Oslo-listed, Aberdeen headquartered offshore drilling contractor, has signed a letter of intent (LOI) for a potential new contract for its Paul B. Loyd Jr semi-submersible rig, which could keep the unit working through 2030…