Karoon Energy announced deals worth $720 million on Thursday to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia.The oil and…
Indonesia's state energy company Pertamina and U.S. oil majors Exxon Mobil and Chevron Corp. are moving ahead with their discussions to invest in carbon capture facilities, while Exxon eyes a petrochemical project in the country.Pertamina and…
U.S. oil major ExxonMobil said Tuesday it had started production at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day. The company's third FPSO…
Norwegian offshore drilling firm Odfjell Drilling said Thursday that Equinor had exercised options for seven wells to extend the use of its Deepsea Aberdeen offshore drilling rig on the Breidablikk field in the North Sea, offshore Norway.The…
Norway's state-owned Statkraft could return to the British offshore wind market, but its key focus remains Ireland, Norway and Sweden, its CEO told Reuters on Friday.'We are looking at Britain,' Christian Rynning-Toennesen said after Statkraft's third-quarter earnings presentation…
Carbon dioxide emissions from U.S. liquefied natural gas facilities have jumped to 18 million tons per year, up 81% since 2019, adding a volume of greenhouse gas to the atmosphere equivalent to that produced by several big coal plants, according to United States government data…
Marine Technology Reporter (MTR) has been unveiled as the exclusive video media partner of the Oceanology International exhibition and conference and will be delivering extended broadcast coverage from the 2024 event (Oi24).The collaboration…
Abu Dhabi National Oil Company (ADNOC) has notified some term customers that it will reduce the volume of Upper Zakum crude oil supply in 2024, three sources with direct knowledge of the matter said on Thursday.The move could affect supplies to China…
Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy NFE.O have terminated a deal to develop potentially the country's first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said…
UK-focused oil and gas company Serica Energy said Tuesday its subsidiary Tailwind Energy Chinook Limited had been awarded an offshore license in the UKCS 33rd Offshore Licensing Round. Tailwind Energy has secured a 100% stake in the UK block 29/2a…
Exxon Mobil's $59.5 billion deal to acquire oil and gas producer Pioneer Natural Resources may have been larger than Chevron's $53 billion agreement to buy Hess, but it is Chevron that is paying a loftier price tag.Pioneer generates twice as much annual cash as Hess…
Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that recent multi-billion dollar acquisitions by U.S. oil majors Exxon Mobil and Chevron of smaller rivals showed that hydrocarbons were 'here to stay'.'Exxon, Chevron didn't buy because they want to have stranded assets…
Suriname offered late Monday to exchange $675 million of dollar bonds for new notes, the next step in negotiations after reaching a deal with its bondholders in May.The government offered holders of debt due in 2023 and 2026 to swap their notes for a new 10-year bond due July 15…
Colombia hopes to launch its first-ever tender to license offshore wind blocks in December, Minister of Mines and Energy Andres Camacho said on Tuesday, adding that the ministry was analyzing more than 50 comments on a draft of the rules.In July…
Chevron agreed to buy U.S. rival Hess for $53 billion in stock in a deal that reflects top U.S. energy companies drive for oil and gas assets in a world seeking lower-risk future fossil supplies and higher shareholder returns. The proposed deal amps up competition between Chevron…
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