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Hess Says Reviewing Timeline for Closing of Chevron Deal

Mar 07, 2024

U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess's Guyana assets.Exxon on Wednesday filed a contract arbitration…

Exxon Signals Potential Counter Offer for Hess's Guyana Assets

Mar 06, 2024

Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets.The arbitration case seeks to…

No Remaining Recoverable Oil Sheen Seen off California

Mar 10, 2024

The U.S. Coast Guard said on Saturday it did not observe any remaining recoverable oil sheen during a morning overflight off the coast of Huntington beach, California.On Friday, the agency said it was trying to identify the source of an oil spill off the coast after the sheen…

Developers Submit EIA for Italian Floating Offshore Wind Farm

Mar 14, 2024

Renantis and BlueFloat Energy have submitted the Environmental Impact Assessment (EIA) for Kailia Energia floating wind farm, the second offshore wind project being developed in Italy by the partners.Kailia Offshore Wind Project will be located off the coastline between Brindisi and San Cataldo…

Eni to Develop Separate Energy Transition Units

Mar 14, 2024

Italy's Eni said on Thursday it would embrace transition by creating separate units specialising in carbon capture and bio chemicals, adding to already existing renewable energy and biofuel subsidiaries.The four units would eventually attract…

Energean Power FPSO Producing at Full Capacity as Karish North Goes Online

Feb 29, 2024

Oil and gas company Energean has brought the Karish North and second gas export riser online at the Karish field in the Mediterranean Sea, offshore Israel.Karish North first gas was safely achieved on February 22, 2024, Energean informed. The…

Viaro Energy Grows North Sea Oil and Gas Portfolio

Feb 29, 2024

UK-based oil and gas company Viaro Energy has acquired full working interest in License P.2593 in the West of Shetland, which includes the Tuck gas discovery and the Boulmer prospect, along with several other prospects and leads in the area…

Oil Rises Almost 2% as Markets Await OPEC+ Decision

Mar 01, 2024

Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the second quarter while weighing fresh U.S., European and Chinese economic data.Brent LCOc1 futures for May were up $1.43…

Qatar's Bigger LNG Expansion to Squeeze US, Other Rivals

Feb 28, 2024

Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals…

Exxon's Curveball Move in Guyana Alters Chevron-Hess Deal Prospects

Feb 28, 2024

ExxonMobil's surprise challenge to Chevron's acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil giant, even if it does not end up enlarging its holdings in the South American country…

Valeura Buys Nong Yao Field’s FSO Aurora and Expands Wassana Drilling Campaign

Feb 13, 2024

Valeura Energy has bought the Nong Yao field’s FSO Aurora for $19 million, and expanded the drilling program at its Wassana field in light of favorable initial results.In a February 13 update shared by the company, Valeura said it had exercised…

Shell Starts Oil Production from Deepwater Project in Gulf of Mexico

Feb 23, 2024

Shell Offshore, a subsidiary of UK-based energy major Shell, has started production at Rydberg, a subsea tie-back to its Appomattox production hub in the Gulf of Mexico.With an estimated peak production of 16,000 barrels of oil equivalent per day (boe/d)…

Brassavola Completes Maiden Ship-to-Ship LNG Bunkering Operation

Feb 19, 2024

Pavilion Energy, the charterer of Singapore’s recently delivered first membrane LNG bunker vessel Brassavola, has concluded its first Ship-to-Ship (STS) LNG bunkering operation.Pavilion Energy said on February 19, 2024, the bunkering operation to Rio Tinto chartered dual-fueled bulk carrier…

Fénix Gas Field Partners Install Production Platform Offshore Argentina

Feb 14, 2024

Wintershall Dea and its partners TotalEnergies and Pan American Energy have completed the installation of the Fénix platform offshore Argentina.The platform was installed around 60 kilometer off the coast of Tierra del Fuego, in 70-meter water depth…

Petrogas E&P Brings Dutch Gas Project On Stream

Feb 14, 2024

Petrogas E&P Netherlands, part of Oman-based Petrogas E&P, has started producing gas from the A15 platform installed in the Dutch North Sea.Petrogas E&P Netherlands, along with its partners EBN, Rockrose, and TAQA, produced first gas from the A15 project on February 12…

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