Brazilian state-run oil firm Petroleo Brasileiro SA posted a modest production boost in the second quarter, but failed to live up to market expectations, sending shares down over 2% in morning trade.In an early Friday securities filing, Petrobras…
Indonesia's energy ministry offered four new oil and gas blocks including Cendrawasih VIII block off Papua shore which is estimated to have 3.8 trillion cubic feet of gas and 1 billion barrels of oil resources, deputy energy minister Arcandra Tahar told reporters on Friday…
Siemens said it has signed a five-year frame agreement with BP to support the UK supermajor as one of its main electrical contractors for future onshore and offshore upstream projects globally.The deal allows BP access to Siemens technology…
As oil and gas wellbores age, owners need new and better ways to gather – and understand – intelligence about the condition of their assets.Downhole cameras can be useful for finding restrictions in a wellbore during completions, and they can…
Europe added 1.9 GW of new offshore wind was installed in the first half of 2019, up from the 1.1 GW added in the same period in 2018, according to figures released by WindEurope.The UK (931 MW), Denmark (374 MW), Belgium (370 MW) and Germany (252 MW) accounted for these installations…
The world's second largest offshore drilling contractor Transocean has revealed three new contract awards and a pair of extensions for the last quarter in its latest fleet status report.The Switzerland-based offshore driller said in the status…
Chevron Corp, the last U.S. oil company operating in Venezuela, said on Thursday it hopes to be able to remain in the Latin American nation as the Trump administration mulls whether to renew its license, expiring on Saturday, to do business there…
Nigeria's state oil firm said on Wednesday it had suspended cash call repayments to Eni for three months and did not plan to renew some of the Italian firm's asset licences.The Nigerian National Petroleum Corporation (NNPC) owes billions of dollars to international oil companies…
BP has signed an agreement with Gambia's national oil company to jointly operate the disputed deepwater Block A1 License offshore the West African country.In April, Gambia said it awarded BP the A1 block, one of two that the government had taken…
Italy's Eni reported good results in its first appraisal well of the Agogo discovery in Block 15/06, offshore Angola.The Agogo-2 well results confirm 650 million barrels of oil in place at the Agogo field and indicate further upside in its northern…
Brazilian state-controlled oil company Petroleo Brasileiro SA signed on Wednesday two contracts to sell shallow-water oilfields in the basins of Campos and Santos for $1.5 billion plus $200 million in future payments, the company said in a securities filing…
Franco-American oil services company TechnipFMC received a record volume of orders in the second quarter, pushing its backlog of projects to a peak thanks to new liquefied natural gas projects, it said on Wednesday.The records could signal a…
Suncor Energy Inc, Canada's second-largest oil and gas producer, on Wednesday reported a 5% rise in second-quarter operating profit and higher upstream production.Suncor's total production rose to 803,900 barrels of oil equivalent per day (boepd) in the quarter…
French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus on low breakeven projects that can weather weak oil prices, it said on Thursday.The company…
European oil major Equinor said on Thursday it expects less capital expenditure this year, partly due to further cost savings at its Johan Sverdrup oilfield, after reporting quarterly earnings slightly below forecasts.Adjusted earnings before interest and tax (EBIT) fell to $3…
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