London-based Tullow Oil has unveiled plans to drill for oil and gas in Ghana's offshore Tweneboa Enyenra Ntomme (TEN) oil fields in the deepwater Tano Block as the company embarks on a work program that could see it increase its production in West Africa by 10% in 2019…
Australia's Woodside Petroleum Ltd on Thursday flagged higher-than-expected investment spending for 2019 as it steps up early work on the two big natural gas developments that will drive its growth in the next decade.Australia's largest independent gas and oil producer plans to spend between $1…
Norway's Aker BP will boost dividend payments between now and 2023 and step up investment in developing offshore oil and gas fields next year, the independent oil company said on Thursday.The result of a 2016 merger between the Norwegian operations…
Exxon Mobil subsidiary Esso Australia Pty Ltd. awarded integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts to Subsea Integration Alliance, which comprises OneSubsea, a Schlumberger company…
With the oil and gas market heating up in Brazil, many foreign service providers are looking to set up shop in Brazil with an eye on new opportunities.Although the South American country's main attraction will continue to be exploration and production (E&P) in post-salt and pre-salt acreage…
Austria's OMV and partners plan to invest up to $6 billion initially to develop the Arctic Wisting oil find, Norway's northernmost oil discovery, which could start production within a decade, a senior executive said on Wednesday.OMV owns a 25…
Australian independent oil and gas company Woodside said Wednesday it has awarded four contracts for front-end engineering design (FEED) activities for the proposed US$11 billion Scarborough Project offshore Western Australia.Each contract was…
Petroleo Brasileiro produced an average of 2.03 million barrels per day (bpd) in Brazil last year, the oil company said in a statement on Tuesday, just below the company's target of 2.1 million bpd.Petrobras' total production of oil and natural gas was 2…
Equinor's Statfjord A platform in the North Sea is in operation again following a brief outage on Tuesday, the operator said on Wednesday.A condensate leak led to a shutdown of production at the platform at around 1530 GMT. The situation was…
Exxon Mobil Corp unit Exxon Mobil Cepu Limited is expected to produce 216,000 barrels per day of crude oil in 2019, making it Indonesia's biggest oil producer, the country's upstream oil and gas regulator (SKKMigas) said.In second place Chevron…
Norwegian oil company Equinor announced Wednesday it has proven gas and condensate in the 6406/2-9 S exploration well at Ragnfrid North around 20 kilometers south of the Kristin platform in the Norwegian Sea. Recoverable resources are estimated at 6-25 million barrels of oil equivalent…
U.S. based seabed survey and ocean exploration company Ocean Infinity announced Wednesday that its Brazilian partner has been awarded a contract to provide high-resolution hydrographic mapping services to Brazilian national oil company Petrobras…
BP Canada is scaling back its oil and gas exploration plans off Nova Scotia, as the Canada-Nova Scotia Offshore Petroleum Board (NSOPB) said the company is giving back 50% of the area included in its license.According to NSOPB, half of the area…
The oil exploration and development company focusing petroleum resources on the Norwegian Continental Shelf Aker BP has been offered interests in 21 new production licenses in Norway, of which 11 as operator, through the Awards in pre-defined areas (APA 2018) licensing round…
Total has launched the sale of its offshore gas fields in the Netherlands, a move that would mark the French energy giant's exit from Dutch upstream production after 55 years, industry and banking sources said.The Paris-based company hired investment…