Norwegian firm Aker Solutions has won a contract with Equinor to deliver engineering, procurement, and construction (EPC) of a subsea compression module to be installed subsea at the Åsgard gas field, offshore Norway. The scope covers EPC of…
Gazprom Neft, the oil arm of Russian gas giant Gazprom, expects its hydrocarbon production to exceed 100 million tonnes of oil equivalent this year, reaching a record high, it said on Thursday.Gazprom Neft had aimed to reach the 100 million…
Climate activists, including a former oil refinery worker, accused the UK government in the high court on Wednesday of illegally subsidizing fossil fuel producers through tax incentives which undermine its climate goals.Climate activists are…
Offshore accommodation rig owner Prosafe said Thursday it had secured a contract extension in Trinidad and Tobago for its Safe Concordia flotel.The charter takes the firm operational period for the rig through to end-January 2022. The total value of the contract extension…
HitecVision-backed Norwegian oil firm Sval Energi has signed an agreement with Spirit Energy to acquire the majority of Spirit Energy’s Norwegian operations and assets in a transaction valued at $1,026 million.According to Sval Energi, the transaction…
Trinidad and Tobago next year plans to launch bidding rounds for onshore and shallow-water areas on top of last week's launch of an auction of 17 deepwater oil and gas blocks, the nation's energy minister told Reuters.The Caribbean country, which is among the region's top producers of natural gas…
U.S. oil major Chevron said Monday its Angolan affiliate Cabinda Gulf Oil Company Limited (CABGOC) had secured an extension of the Block 0 concession, offshore Cabinda province, in Angola.The agreement extends the concession for 20 years, through 2050…
A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for decades to come.The World Petroleum Conference's…
Papua New Guinea-focussed Oil Search Ltd said on Tuesday its A$8.8 billion ($6.21 billion) buyout by Santos Ltd received overwhelming support from its shareholders, getting over 95% votes in favor of the deal.Shares of Oil Search rose as much as 3…
BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have evaporated, according to a document seen by Reuters.Dated Brent…
Oilfield services firm Halliburton on Monday warned the world is headed for a period of energy scarcity following years of underinvestment in bringing more fossil fuels to market.'For the first time in a long time, we will see a buyer looking for a barrel of oil…
The life of the Philippines' Malampaya natural gas field, which had been projected by the government to run dry by 2027, can be extended for several more years, the president of Udenna Corp, which now controls the project, said on Monday.'We…
Up until a few days ago, the leadership of British North Sea producer Siccar Point was negotiating the sale of a stake in the promising Cambo oil development to another private equity-backed company, NEO, sources told Reuters.But on Thursday Royal Dutch Shell…
Oil prices climbed on Friday, extending gains after OPEC+ said it would review supply additions ahead of its next scheduled meeting if the Omicron variant dents demand, but prices were still on course for the sixth week of declines.Brent crude futures rose $1…
French oil major TotalEnergies said Friday it had started production from the CLOV Phase 2 in Angola, a project connected to the existing CLOV FPSO.Sitting approximately 140 kilometers from the Angolan coast, in water depths from 1,100 to 1…