Iran's foreign minister has invited his Kuwaiti counterpart to Tehran, Kuwait said on Thursday, as tensions simmer over the offshore Durra gas field.Saudi Arabia and Kuwait claim exclusive joint rights to the field while Iran also claims a stake and says a Saudi-Kuwaiti agreement to develop it…
Brazilian national oil company Petrobras posted a nearly 36% drop in its second-quarter profits on Thursday, citing falling crude prices, although earnings surpassed analyst expectations. Latin America's top oil producer posted recurring net profit of 28…
INPEX Operations Australia, an Australian subsidiary of the Japanese firm INPEX, has exercised an option to extend the contract for the ultra-deepwater semi-submersible rig Noble Deliverer for drilling at the Ichthys field in the Browse Basin offshore Western Australia…
Italian firm Saipem has won two new contracts for offshore engineering and construction work in Romania and in Germany, with a total value of approximately 1.8 billion euros (currently around $1,97 billion).The first contract relates to the…
Romanian National Agency for Mineral Resources has endorsed the Development Plan for OMV Petrom's Domino and Pelican South commercial natural gas fields in the Neptun Deep offshore block in the Black Sea.'Consequently, the Neptun Deep project enters the development phase…
GAIL (India) Ltd is close to finalizing a long-term liquefied natural gas (LNG) import deal with Qatar to buy at least 1 million metric tons per year, potentially for more than 20 years, three industry and trade sources said.The deal would be…
Norwegian offshore vessel owner Golden Energy Offshore Services AS (GEOS) has secured a contract extension with Repsol for its Energy Swan platform supply vessel in Norway.The contract is a direct continuation of the current charter contract from 2021…
Today, Eni formalized with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%…
Anasuria Hibiscus UK Limited, a UK-subsidiary of the Malaysian oil firm Hibiscus Petroleum has received a Development and Production Works Consent to a Field Development Plan (“FDP”) for the Teal West field in the UK North Sea.The consent was granted by the UK energy industry regulator…
Greenpeace protesters draped the private home of British Prime Minister Rishi Sunak in black fabric on Thursday, stepping up their campaign against his government's policy on drilling for oil.A picture posted by Greenpeace UK on messaging platform X…
Norway's Aker Solutions has won a 'sizeable' contract from Azule Energy, a BP-Eni JV in Angola, to provide subsea umbilicals for the Ndungu project offshore Angola.Aker Solutions defines a sizeable contract as between NOK 0.5 billion (currently around $48…
Oilfield services and equipment provider TechnipFMC said Wednesday it had received a significant award from Azule Energy to supply flexible pipe for its Ndungu project, offshore Angola.For TechnipFMC, a “significant” award is between $75 million and $250 million…
Saudi Arabia and Kuwait reaffirmed that they jointly own rights to natural resources in the Gulf's Durra gas field, Saudi state news agency SPA reported early on Thursday, citing a statement from the Saudi foreign ministry.The foreign ministry…
British Prime Minister Rishi Sunak defended his government's policies on the environment on Wednesday after campaigners criticized them, saying its record on cutting carbon emissions is better than other major countries.Britain adopted the target…
Norwegian state energy firm Petoro said it was becoming harder to tie oil and gas platforms to the electricity grid as planned, as it reported a 34% drop in profit for the second quarter on Wednesday due to petroleum prices falling sharply.Petoro…