Nigeria's Seplat Energy along with a partner is in talks to buy ExxonMobil's shallow-water oilfields in the African nation, the company said on Monday, cautioning there was no certainty about the outcome.In recent years, Exxon has been exiting…
Chinese oil and gas company CNOOC has started production from the Buzzard Phase II development in the UK North Sea.Buzzard Phase II sits around 100 kilometers northeast of Aberdeen, Scotland, with an average water depth of approximately 96 meters…
The oil and gas industry risks a huge workforce shortage as more than half of workers in the sector seek to move into the renewable energy industry, a survey published on Tuesday showed.The survey conducted as part of a report by recruitment firm Brunel and Oilandgasjobsearch…
Italy's Snam has agreed to buy a stake in pipelines carrying Algerian gas into Italy in a move that could pave the way for hydrogen imports from Africa into Europe.Europe's biggest gas infrastructure group said on Saturday it would pay energy company Eni 385 million euros ($436 million) for a 49…
The U.S. Interior Department said on Wednesday it approved the South Fork offshore wind power project off the coast of Rhode Island, making it the second commercial-scale wind project with federal approval.The decision comes as the administration of President Joe Biden seeks to rapidly expand the U…
Energy group Eni could list more than 30% of its new retail and renewables business in what is likely to be one of Italy's biggest initial public offerings next year, sources said.The company said last month https://www.reuters.com/business/energy/italys…
Colombia will look to add 3 billion barrels of oil equivalent (boe) to its hydrocarbon reserves by 2040, Armando Zamora, president of the national hydrocarbons agency (ANH), said on Friday.The addition of these reserves will guarantee Colombia's energy self-sufficiency said Zamora…
Thailand's state-owned oil firm PTT is set to expand further into pharmaceuticals as part of a consortium acquiring a unit of drugmaker Alvogen, the parent of Taiwan's Lotus Pharmaceutical, PTT said on Friday.A consortium of PTT and Icelandic…
Exxon Mobil Corp's chief executive said on Wednesday the company is confident it will hit a target to double earnings and cash flow from operations, adding that consumers and governments must decide how quickly the world moves to cleaner fuels…
Global asset lifecycle support specialist EnerMech has confirmed a three-year extension deal with Petrofac, taking the two company’s working relationship beyond the 10-year mark.Having held the contract since 2012, the 57-strong Aberdeen and…
Oslo-listed offshore energy investment firm Standard Drilling has agreed to sell Standard Princess platform supply vessel for $10.3 million.'The proceeds from the vessel and any future divestments of the offshore fleet will be directed towards…
The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude…
Norwegian oil and gas company Equinor has with its partners, submitted an amended plan for development and operation (PDO) to the minister of petroleum and energy Marte Mjøs Persen for the further development of the Oseberg field, with an increased focus on gas production…
Viasat agreed to buy British rival Inmarsat on Monday in a $7.3 billion deal to broaden the U.S. based company’s satellite and land-based communications services.The takeover of London-based Inmarsat comes just two years after it was taken private in a $3…
Woodside Petroleum and BHP Group gave their final go-aheads to spend $12 billion to develop the Scarborough gas field off Western Australia and expand the Pluto liquefied natural gas (LNG) plant, with the first cargo expected in 2026.The approval…
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