U.S. Gulf of Mexico offshore crude oil production and natural gas output both remained cut by 19% on Thursday because of shutdowns forced by Tropical Storm Barry, the U.S. government said.That equals 335,000 barrels per day of crude oil and…
A new Emergency Response Plan for Greece's offshore hydrocarbon installations has been developed through cooperation between Hellenic Hydrocarbon Resources Management (HHRM) and Lloyd’s Register.The first draft of the plan, which sets the response…
Officials from Eni sought to convince a witness, a former Eni manager, to withdraw some statements he made during investigations into a Nigerian corruption case involving the Italian oil group, a court heard on Wednesday.Prosecutor Fabio De Pasquale made the comment in a trial hearing into the case…
Norwegian investment firm Aker could launch its planned initial public offering (IPO) of Aker Energy in late 2019 or in 2020, depending on when Ghana approves the development plan of its Pecan oilfield, the CEO said.The company, controlled by Norwegian billionaire Kjell Inge Roekke…
Installation of the first turbine has started at the 25MW WindFloat Atlantic floating offshore wind farm off Portugal.The Windfloat Atlantic floating wind wind power project belongs to the Windplus consortium, which is jointly owned by EDP Renováveis (54…
Australia's Woodside Petroleum Ltd reported a 32% drop in second-quarter revenue on Thursday, the first decline in six quarters, as it was hit by an extension of planned maintenance at its Pluto liquefied natural gas facility and weaker prices…
Wednesday's data on offshore oil and gas production losses in the U.S. Gulf of Mexico has been delayed due to an internet outage at the U.S. drilling regulator's offices in New Orleans.The Bureau of Safety and Environmental Enforcement, which regularly compiles and publishes data on storm closings…
Australia's No 2 independent gas producer Santos Ltd said on Thursday it had clocked record gas production in the second quarter on stronger output across its Western Australia gas assets.Production for the three months to June 30 rose to 18…
Britain's Premier Oil on Wednesday reduced its forecast for its 2019 operating costs to $12 per barrel of oil equivalent (boe) from $13 and expects debt reduction to reach the upper end of its $250-$350 million target by year-end.Premier, which had debt of around $2…
Oil firm Okea on Wednesday reported higher core earnings for the second quarter in its first-published quarterly report since its debut on the Oslo Stock Exchange.Company's earnings before interest, tax, debt and amortization (EBITDA) came in at 594 million crowns ($69…
Vietnamese and Chinese ships have been embroiled in a weeks-long standoff near an offshore oil block in disputed waters of the South China Sea, which fall within Vietnam's exclusive economic zone, two Washington-based think-tanks said on Wednesday…
The head of Italian oil group Eni has sued a former legal adviser to the company for defamation after excerpts of the lawyer's written testimony relating to a Nigerian corruption case were published in several newspapers on Wednesday.Eni said…
Italian services company Saipem said it will design and built a 500 megawatt (MW) floating offshore wind farm in Saudi Arabia under a memorandum of understanding and exclusive agreement with Abu Dhabi based renewables solutions firm Plambeck Emirates…
More than half the daily crude production in the U.S. Gulf of Mexico remained offline on Tuesday in the wake of Hurricane Barry, the U.S. drilling regulator said, as most oil companies were re-staffing facilities to resume production.Bureau of Safety and Environmental Enforcement (BSEE) said 1…
Cyprus on Tuesday rejected a Turkish Cypriot proposal that the two communities cooperate in the search for gas off the island, saying it was a diversion technique to real negotiations on ending the division of the country.'The proposal of the Turkish Cypriot leader…
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