Baron Oil News

 

Equinor Stops Trading Russian Oil

Mar 15, 2022

Norwegian state oil company Equinor said on Monday it will stop trading in Russian oil as the company shuts down operations in Russia following its invasion of Ukraine.Equinor's official announcement comes four days after Equinor's chief executive…

How AUVS Can Spot Oil Plumes After an Ocean Spill

Feb 14, 2022

On April 20, 2010, the offshore oil rig Deepwater Horizon exploded, burned, sank in the Gulf of Mexico and terrified the world. This horrific accident — recorded as the largest oil spill in history — killed 11 workers and released 210 million gallons of crude oil into the ocean…

Indonesia Oil and Gas Lifting Falls for 5th Year Amid Failure to Tap New Sources

Jan 12, 2022

Indonesia's oil lifting, or ready-to-sell production, narrowly missed its target and fell for a fifth straight year in 2021, after a failure to tap new sources and as older fields matured, energy minister Arifin Tasrif said on Wednesday.The Southeast Asian country's oil lifting came in at 660…

Masirah Oil: Yumna Offshore Oil Field Produced 8,440 stb/d in December

Jan 11, 2022

Masirah Oil, a 91.81 percent subsidiary of Rex International, said Monday that gross oil output from the Yumna Field in offshore Block 50 Oman,  in December 2021 amounted to 8,440 stock tank barrels per day (stb/d).'Production was choked back…

Offshore Oilfield Cluster Bohai Becomes China's Largest Oil Producer

Jan 11, 2022

China's offshore oilfield cluster Bohai, run by state-run CNOOC Ltd, has become the country's largest crude oil producer with output hitting 30.132 million tonnes (602,640 barrels per day) in 2021, state news agency Xinhua reported.Bohai field…

Shrink to Fit: The Year Big Oil Starts to Become Small Oil

Jan 10, 2022

Europe's Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil.Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies, in stark contrast to the previous…

Santos Completes Acquisition of Oil Search

Dec 17, 2021

Australian oil and gas company Santos has informed that the merger of Santos and Oil Search has been implemented.Santos has acquired 100 percent of the issued capital in Oil Search from Oil Search shareholders.  Oil Search shareholders have been issued 0…

UK Court Hears Climate Case Against Tax Regime for Oil Firms

Dec 09, 2021

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…

Santos $6B Takeover of Oil Search Gets Tepid Backing from Independent Expert

Nov 11, 2021

Oil Search shareholders are set to vote on Dec. 7 on a merger with Santos Ltd after gaining approval from a Papua New Guinea court and a mixed endorsement from an independent expert.If it goes ahead, the A$8.8 billion ($6.5 billion) takeover…

Baron Oil Beefs Up Stake in Promising North Sea Block

Oct 11, 2021

Baron Oil has officially increased its stake in a UK North Sea offshore block containing the Dunrobin prospect, dubbed one of the few remaining sizeable undrilled UK North Sea targets.Baron Oil said back in August that oil companies Corallian and Upland…

Petrobras Exits Lapa Offshore Oil Field

Sep 02, 2021

Brazilian oil company Petrobras has sold its remaining stake in the Lapa offshore oil field in Brazil's Santos Basin to the French oil firm TotalEnergies.The Brazilian national oil company said Wednesday said that the deal was concluded with the payment of $49…

Baron Oil Increases Stake in UK Offshore Block Containing Promising Dunrobin Prospect

Aug 20, 2021

Baron Oil has increased its interest in a UK North Sea offshore block containing the Dunrobin prospect, dubbed one of the few remaining sizeable undrilled UK North Sea targets.Baron Oil said this week that Corallian and Upland, its partners…

Oil Search Rejects $6.5B Takeover Offer from Santos

Jul 20, 2021

Oil Search rejected an unsolicited takeover proposal from Santos Ltd that valued the Papua New Guinea-focused oil and gas producer at A$8.8 billion ($6.5 billion), the two companies said on Tuesday.Oil Search said the offer was not in the best interests of shareholders…

Activists Protest Against Norwegian Oil Licenses in the Arctic

Jun 24, 2021

A group of environmental activists chained themselves in front of the Norwegian oil and energy ministry on Thursday to protest against the awarding of new oil exploration licenses in the Arctic.Carrying banners that said 'No to new oil' and…

Aker BP Makes Minor Oil and Gas Discovery in Norwegian Sea

Nov 12, 2020

Norwegian oil and company Aker BP has made a minor oil and gas discovery in the Norwegian Sea.According to the Norwegian Petroleum Directorate, Aker BP ASA, as the operator of the production licence 127 C, has concluded the drilling of wildcat well 6607/12-4 and appraisal well 6607/12-4 A…

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