Exxon Mobil Corp on Friday said it is accelerating output at its Guyana offshore oil development, starting a new production vessel that will bring total capacity to more than 340,000 barrels per day.An Exxon-led consortium started production…
Worley's Aberdeen office has been given £765,000 support from Scotland's national economic development agency Scottish Enterprise for full pre-production testing of its pseudo dry gas (PDG) liquid removal system.According to Worley, the Enhanced…
BP Trinidad and Tobago has chartered the Safe Concordia offshore accommodation rig from Prosafe, to provide gangway-connected operations at Cassia C offshore platform in Trinidad. The contract will last around 160 days and will be a straight…
Norway's Aker BP is considering whether to increase gas exports from its Skarv field to take advantage of high prices that exceed those for oil, Chief Executive Karl Johnny Hersvik said on Thursday.Aker BP currently injects natural gas produced…
The Norwegian Ministry of Petroleum and Energy on Thursday approved Aker BP's plan for development and operation (PDO) for Kobra East & Gekko (KEG) project in the Alvheim area, offshore Norway. Aker BP as the operator, and its license partners…
TotalEnergies swung back to profit in 2021 thanks to higher hydrocarbons prices, it said on Thursday, with net income of $16 billion and adjusted net income of $18.1 billion, the highest since record years in 2007 and 2008.The French oil major…
Oil prices were stable around $90 a barrel on Wednesday but the prospect of increased supply from Iran and the United States kept pressure on the market.Brent crude futures edged down 36 cents, or 0.4%, to $90.42 a barrel by 1150 GMT. U.S. West Texas Intermediate crude fell 43 cents…
Norway's Equinor joined European peers in hiking shareholder payouts after posting record pretax profits for the fourth quarter due to a boom in oil and gas prices.Adjusted earnings before tax rose to $15.0 billion in the October-December quarter from $756 million in the same period a year ago…
BP's profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and said it was accelerating plans to cut emissions with increased spending on low carbon energy.BP's rebound to an annual profit of $12…
Malaysian FPSO supplier Yinson has won a contract with Brazil's Petrobras for the delivery of an FPSO for the deployment at the Parque das Baleias Integrated Project, to be installed in the Jubarte Field, located in the north of Campos Basin…
At least three people died in Nigeria when the oil storage and production vessel, FPSO Trinity Spirit, exploded last week and four crew are still missing, the operating company said on Monday.The vessel had 10 crew on board when it exploded on Wednesday…
U.S. Bureau of Safety and Environmental Enforcement (BSEE) inspectors and engineers last week carried out an offshore regulatory pre-production inspection of Murphy Oil’s King’s Quay floating production system (FPS) platform. The facility, a semi-submersible FPS…
Oil major Shell expects its Prelude FLNG unit in Australia, the world's largest unit of the type, will remain shut for most of the first quarter of 2022.The world's largest FLNG facility had in January 2021 resumed LNG cargo shipments, almost one year after a shutdown caused by an electrical trip…
The British government believes the North Sea oil and gas industry should play a role in the country's transition to net zero, finance minister Rishi Sunak said on Thursday.'We believe in the future of the North Sea, we believe in the oil and gas industry…
After 38 years of production, German oil and gas company Wintershall DEA has transferred its stake in the Gulf of Suez Concession to the Egyptian General Petroleum Corporation.“The Gulf of Suez concession will always be a proud part of our history in Egypt…