U.S. oil major ExxonMobil has reportedly started drilling at the Bulletwood-1 well site on the Canje Block, offshore Guyana.The news was shared Tuesday by Westmount Energy, an indirect partner in the Canje Block. Westmount owns an indirect interest in the Canje Block as a result of its circa 7…
Offshore accommodation rig owner Prosafe has won a contract for one of its units in Trinidad and Tobago.The Oslo-listed company said Tuesday it had won a deal to provide accommodation and construction support using the Safe Concordia flotel in Trinidad and Tobago in Q2 2021…
Italian oil and gas group Eni has put on hold the sale of Australian gas assets it values at around $1 billion after they failed to attract satisfactory bids, two sources close to the matter said, confirming a press report.One of the sources said offers had been well below what Eni had expected…
Australian oil and gas company Santos, the operator of the Bayu-Undan field in the Timor Sea, off Timor Leste, has reached a Final Investment Decision for the US$235 million Phase 3C infill drilling program at the offshore field.The program…
Canadian oil firms Cenovus Energy and Husky Energy said Monday their previously announced strategic merger had closed, creating Canada’s third-largest crude oil and natural gas producer.'The transaction creates a resilient integrated energy…
Offshore drilling firm Pacific Drilling has emerged from the Chapter 11 process, completing its balance-sheet restructuring and implementing the reorganization plan under the Chapter 11 of the Bankruptcy Code confirmed by the United States Bankruptcy…
Malaysia's Petronas said on Monday force majeure had been declared at its Miri and Cendor crude oil terminals in the final quarter of 2020.Petronas declared force majeure at its Miri crude oil terminal on Oct. 29 as a result of the MV Dayang Topaz vessel collision on Oct…
Norwegian oil company Equinor has received regulatory consent to keep using the Island Wellserver well intervention vessel in 2021.The consent, granted by the Petroleum Safety Authority Norway, is an extension of an existing consent.The consent…
Exxon Mobil Corp signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth-quarter results, but the gains would be overshadowed by an up to $20 billion asset write down.The largest U.S. oil…
Italy's Edison said on Wednesday it had sold its exploration and production assets in Norway to Norwegian oil and gas group Sval Energi as part of its strategy to focus on clean energy.Edison, owned by France's EDF, said the deal valued Edison Norge AS at $300 million…
Mediterranean Sea-focused oil and gas firm Energean has entered into an agreement to buy Kerogen’s 30% shareholding in Energean Israel, which would result in Energean owning a 100% stake in the company.Energean Israel holds a 100% working interest in the Karish and Tanin leases…
Brazilian state-run oil company Petrobras said that it had received 232.6 million reais ($44.65 million) on Tuesday in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe.Petroleo Brasileiro SA…
A former Malaysian employee of Norway's largest oil services company Aker Solutions has sued the firm, saying it tried to stop her from speaking to authorities about its business practices, an accusation the company denies.Seetha Kumarasamy…
Russian oil giant Lukoil said Tuesday its cumulative production of oil had exceeded 35 million tonnes at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea.'Lukoil carried on with these projects in 2020. In particular…
Romanian oil and gas company OMV Petrom has agreed to sell its onshore oilfields in Kazakhstan, and focus on the Black Sea region.OMV Petrom said Tuesday it had signed the transaction for the sale of its 100% shareholding in Kom-Munai LLP (KOM)…