Spanish oil and gas firm Repsol posted a quarterly net loss and wrote down $1.5 billion in assets on Thursday as it revised down unusually high expectations for oil and gas prices over the next 30 years.The demand-sapping COVID-19 crisis has…
UK North Sea-focused oil company Repsol Sinopec Resources UK Limited has appointed Jose Luis Muñoz as its Chief Executive Officer, effective April 1, 2020.Muñoz replaces Bill Dunnett, who had been in the CEO since 2015. Repsol Sinopec said Dunnett…
Angolan state oil company Sonangol will begin in April to sell its stakes in several private firms, chair Sebastiao Gaspar Martins said, as part of a government bid to privatize key state assets including parts of Sonangol itself by 2022. The…
U.S. oilfield equipment supplier National Oilwell Varco on Friday called the coronavirus a 'wildcard' in the oil industry's outlook, with an extended outbreak potentially hurting access to Chinese-make materials and foreign sales.The Houston…
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…
Hokchi Energy, a subsidiary of Argentina's Pan American Energy, has chartered the recently delivered jack-up rig Cantarell III from Grupo R for operations offshore Mexico.As reported previously the Cantarell III jack-up drilling unit arrived…
U.S. oil and gas producer Apache Corp will close its San Antonio, Texas office overseeing its struggling Alpine High project in the Permian basin and 272 jobs will be affected.The closure follows the October resignation of Steven Keenan, the…
Mexico will soon launch a tender for the construction of a pipeline to bring natural gas from the eastern port of Tuxpan to the cities of Merida and Cancun in the Yucatan peninsula, President Andres Manuel Lopez Obrador said on Wednesday.Speaking at a regular news conference…
Woodside Petroleum Ltd, Australia's top independent gas producer, said on Monday it would invest in a pipeline for the Pluto-North West Shelf (NWS) Interconnector, enabling the optimization of gas processing from its offshore fields.The Interconnector…
Angola is hoping sweeping economic reforms will smooth an ambitious plan to sell key state assets, including stakes in oil company Sonangol, a share of Puma Energy and more than 100 other enterprises.Africa's second biggest oil exporter is in…
Alessandro Puliti has been appointed Eni’s new Chief Upstream Officer, effective September 1, 2019.Puliti will replace Antonio Vella, who will leave the company at the end of the year after a career spanning over more than 30 years.Puliti joined Eni’s Reservoir department in 1990…
Seismic data processing and licensing company Fairfield Geotechnologies announced Tuesday that Chris Sugahara will succeed Charles 'Chuck' Davison as CEO of the company.Sugahara, a third-generation family member at Fairfield Maxwell, is a Senior Vice President and the Treasurer of the company…
Australia's Woodside Petroleum Ltd on Thursday posted a 4 percent rise in first-quarter revenue on higher realized prices for its oil and gas.Revenue rose to $1.22 billion for the three-months ended March 31, compared to $1.17 billion a year ago…
Oil rose nearly 2 percent on Tuesday as attention centered on geopolitical factors tightening supplies that are leading to falling exports from Venezuela and declining U.S. inventories.Despite concerns about weaker demand due to an economic slowdown…
Woodside Petroleum Ltd, Australia's biggest listed oil and gas explorer, said on Tuesday it had signed a 20-year gas supply deal with Perdaman Chemicals and Fertilisers Pty Ltd.The agreement is to supply about 125 TJ of gas per day for use in Perdaman's proposed urea plant…
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