Spanish oil firm Repsol has secured regulatory consent to start production from the Yme field in the North Sea, off Norway.'Yme will once again be producing oil, 20 years after the last time the field was on stream. [The] planned start-up will be in the second half of 2021…
A day after the Norwegian company Aker BP on Tuesday said it had installed the HOD B platform topsides in the North Sea, off Norway, Dutch contractor Heerema Marine Contractors shared photos of the installation process.Heerema was responsible…
Japanese energy company Inpex Corp expects its final investment decision (FID) on the Abadi liquefied natural gas project in Indonesia to be delayed because COVID-19 has disrupted survey work and adjustments may be needed due to climate change…
Talos Energy Inc has withdrawn from a consortium with EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA, and the group has submitted a binding offer to Petrobras for the Albacora and Albacora Leste oilfields in Brazil…
Guyana's Natural Resources Ministry said on Monday the country earned nearly $80 million from a July crude cargo sold to an Indian refiner, the highest figure since exports began in early 2020, though an official ruled out a long-term supply deal…
Norwegian oil company Aker BP has installed the Hod platform topsides in the North Sea, offshore Norway.In cooperation with Aker Solutions and ABB, Aker BP placed the 2000-tonne topsides on the jacket on the Hod field in the southern part of the North Sea on Sunday…
Lundin Energy, a Swedish oil firm focused on the Norwegian Continental Shelf, on Tuesday said it had started production from the Extended Well Test (EWT) at its Rolvsnes offshore field, the first subsea tie back development for the Edvard Grieg platform…
Thai oil and gas company PTT Exploration and Production Pcl (PTTEP) said last Thursday it had not yet been able to reach an agreement with Chevron about accessing the Erawan gas field in the Gulf of Thailand before it takes over the concession from the U…
Woodside Petroleum Ltd, Australia's top independent gas producer, said on Wednesday it had raised the cost estimate for its Scarborough project by 5% as it worked towards a final investment decision this year.Woodside has pinned its hopes on Scarborough…
Williams (NYSE: WMB) reached an agreement with Shell Offshore Inc. and Chevron U.S.A. Inc. to provide offshore natural gas gathering and crude oil transportation services as well as onshore natural gas processing services for the Whale development…
Costa Rican lawmakers this week will discuss a bill to permanently ban fossil fuel exploration and extraction, a move that would prevent future governments from pivoting on the issue as the popular eco-tourism destination country aims to decarbonize by 2050…
ConocoPhillips on Tuesday posted a second-quarter profit that nearly doubled from the first and topped analysts estimates, helped by higher oil and gas prices and production.A recovery in fuel demand from a pandemic-forced slump has boosted globally-traded crude prices to over $70…
Dutch FPSO leasing specialist SBM Offshore said it has signed a letter of intent with Petrobras to lease and operate a newbuild floating production, storage and offloading unit (FPSO) at the Mero field in the Santos Basin offshore Brazil. SBM did not disclose financial details of the 22…
China Classification Society (CCS) is reporting the successful surveying of the world’s first 100,000 DWT deep-water semi-submersible floating production storage and offloading installation (FPSO).Dubbed Shen Hai Yi Hao, the platform is formally…
Exxon Mobil on Friday posted its biggest quarterly profit in more than a year that also topped analysts' estimates as demand for oil, gas and chemicals rebounded, quelling some investor concerns over its recent weak performance.The company's…