China Petroleum & Chemical Corp swung to a first-quarter profit from a loss a year earlier, with net income reaching 18.54 billion yuan ($2.86 billion), amid a recovery in global oil prices and robust demand for refined oil products.Asia's top oil refiner…
Equinor has selected Fugro to perform a deepwater site investigation in Canada’s Flemish Pass, 500 kilometers off the coast of St John’s, Newfoundland and Labrador, in approximately 1200-meter water depths.The field campaign will run from July until August and entails a seabed survey…
The U.S.-based oil giant Chevron has awarded Worley an engineering and procurement services contract for brownfield modification services for one of its deepwater production facilities located in the Gulf of Mexico.Worley, based in Australia…
Equinor and its partners Petoro, Total, Neptune and Wintershall Dea have decided to develop Askeladd Vest, which is in the southern Barents Sea. The investment is close to NOK 3.2 billion ($384m).“It is important to Equinor and its partners…
Marine consulting and safety company AMS Global Group has won a marine consultancy services contract with the North Sea-focused oil company Ithaca Energy.The contract award is for three years with two additional optional years. Ithaca Energy…
U.S. oil major ExxonMobil said on Tuesday it made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana.Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently…
Oil and gas company BW Energy has started an offshore drilling campaign in Gabon with the spud of the Hibiscus extension appraisal well, using Borr Drilling's Norve jack-up drilling rig.The campaign is a three-well program on the Dussafu license…
Occidental Petroleum Corp Chief Executive Vicki Hollub said on Tuesday she opposes a carbon tax, an idea that has gained the backing of large rival oil companies and some trade groups.'A carbon tax would be bad for a lot of the industry, a carbon…
Italian supermajor Eni said it has commenced gas production from the deepwater Merakes project, located in the East Sepinggan block in the Makassar Strait, offshore East Kalimantan, Indonesia.The development sits in approximately 1,500 meters water depth in the Kutei Basin…
U.S. oil giant Chevron Corp lobbied lawmakers and government officials to protect its energy interests in Myanmar during the first quarter, as the administration of President Joe Biden comes under pressure to impose sanctions against the south Asian country’s military junta…
Private investment fund Remus Horizons which last week launched a conditional takeover offer for the Australian oil company FAR, eyeing its stake in the RSSD offshore area in Senegal, containing the Sangomar offshore oil development, is now backing out from the FAR pursuit…
British oil major BP has suspended production from the Foinaven fields west of Shetland in the UK, as the long-serving FPSO Petrojarl Foinaven through which the fields are producing oil is nearing the end of its 25-year design life, and will be removed from site…
Oilfield services firm TechnipFMC has this week secured 'a significant' subsea contract from Petrobras for the Marlim and Voador fields, located offshore Brazil. For TechnipFMC, a “significant” contract is between $75 million and $250 million…
Aberdeen-based well management company Zenith Energy has won a multi-year contract with Australian oil and gas firm Woodside Energy in Senegal.The agreement is for the provision of drilling and completion engineering and ad-hoc support services…
Norwegian oil firm Equinor, with its partners Vår Energi, Idemitsu Petroleum, and Neptune Energy, said Wednesday it had made the biggest discovery this year offshore Norway.Preliminary estimates place the discovery size between 12 and 19 million standard cubic meters of recoverable oil equivalent…
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