Norway's Equinor reported a smaller-than-expected drop in fourth-quarter core operating profits on Thursday as the startup of a major new oilfield partly mitigated the impact from weak European gas markets. The Oslo-listed company's adjusted earnings before interest and tax (EBIT) fell to $3…
Tullow Oil plans to cut a third of its staff to slash its administration costs by a fifth, or around $20 million, a source with direct knowledge of the matter said, after weak output in Ghana, delays in East Africa and lower-than-hoped-for oil quality in Guyana…
Climate protesters forced BP to temporarily shut down its London headquarters on Wednesday, the first day in office for the oil and gas company's new CEO Bernard Looney. BP said more than 100 Greenpeace activists attempted to place 500 solar…
Royal Dutch Shell said on Tuesday it has temporarily suspended production at its Prelude floating liquefied natural gas (LNG) facility off northwest Australia following an electrical trip on Feb. 2.Work is underway to restore full operations…
Oil output estimated at 1.2 million barrels per day by 2030, Guyana’s total annual oil revenues could approach $30 billion within 10 years and could send the country's GDP 'skyrocketing,' according to research by Rystad Energy, a Norwegian energy intelligence company…
US-based seabed survey and ocean exploration company Ocean Infinity said it has launched a new marine technology and data company boasting the industry's largest fleet of unmanned surface vehicles (USV).Armada, with a focus on combining technology and environmental sustainability…
Singapore based offshore service provider Kim Heng Offshore & Marine has won a contract for the installation of horizontal directional drilling (“HDD”) conduits for an offshore wind project in Taiwan.Kim Heng said Tuesday that the contract was…
UK-based marine technology company Sonardyne International announced it has acquired Canadian underwater imaging and inspection specialist 2G Robotics.2G Robotics will join the Sonardyne group of companies, while remaining an independent business and brand…
Exxon Mobil's second lift of Guyanese crude from the offshore Liza Destiny platform is underway and has been sold on the open market, the company said on Monday. The U.S. oil major, in a consortium with Hess Corp and China's CNOOC Ltd, has discovered…
Malaysian offshore services company Dayang Enterprise has won a contract to provide modification works at CARIGALI-PTTEPI OPERATING COMPANY's (CPOC) offshore blocks.Dayang said on Tuesday that the contract was for modification works for Block B-17 & C-19 and B-17-01…
BP on Tuesday boosted its dividend payout after a 26% drop in fourth-quarter profit on lower oil and gas prices which still beat forecasts.On Chief Executive's Bob Dudley last day in office, London-based BP increased its dividend by 2.4% to 10…
India's D1 D3 offshore gas field, the country's first deepwater gas development to be brought online, has ceased production, Reliance and BP joint venture said Monday.The field, in Block KG D6 (KG-DWN-98/3), off the east coast of India, started producing gas in April 2009…
Trinidad and Tobago has canceled an agreement with Venezuela for the joint development of a natural gas field straddling their maritime border because of U.S. sanctions on Venezuela's state energy company PDVSA. The Caribbean island nation is a major exporter of liquefied natural gas (LNG)…
RockRose Energy has signed a deal to buy Speedwell Energy, a company owning a 100% stake in the Cotton gas field in the UK sector of the Southern North Sea. RockRose said Tuesday that the deal was 'for a limited initial consideration,' with…
Brazil's Petrobras has launched a teaser for the sale of its entire share in the Papa Terra field, 110 kilometers from the coast offshore Brazil.The Brazilian oil company said that the planned sale of the field was in line with its portfolio optimization and improvement of capital allocation…
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