African members of OPEC+ producer group Angola and Nigeria are aiming for higher oil output, officials told Reuters on Thursday, as the countries are locked in talks with the group about their production quotas for next year.The comments came…
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…
Oil major BP said Monday that production had started from the Seagull oil and gas field in the UK North Sea.Seagull has been developed by Neptune Energy as a subsea tieback to the BP-operated central processing facility (CPF) of the Eastern Trough Area Project (ETAP) in the central North Sea…
Italy's Eni has temporarily halted arbitration regarding an oilfield dispute with the Nigerian government, buying time to discuss a conversion of the license from prospecting to mining, sources with direct knowledge of the matter told Reuters…
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…
Dutch heave compensation specialist Seaqualize executed the world’s first offshore transfer lifts of wind turbine components from a heaving supply vessel.The company’s newly developed offshore lifting device, the Heave Chief 1100, is being deployed…
Chevron’s deal to buy Hess will unlock $15 billion worth of tax benefits that had once been relegated to the accounting dustbin, as the combined company takes advantage of Hess’s past losses to cut future payments, according to the company and tax experts…
Brazil's state-run oil company Petrobras raised its projection for oil and gas production this year, after posting a 41.5% decrease in third-quarter profit on Thursday.The firm lifted its 2023 oil and gas output to 2.8 million barrels of oil equivalent per day (boed)…
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…
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…
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…
Egypt's natural gas imports fell to zero from 800 million cubic feet (mcf) per day, leading to more power cuts, the Egyptian cabinet said in a statement.The Egyptian government has increased the duration of electricity cuts as a result of a…
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…
Israeli natural gas exports to Egypt have resumed after a disruption last weekend but in small volumes, an official in Egypt's petroleum ministry said on Thursday, without specifying the current flow.Three people with knowledge of the matter also told Reuters on Tuesday the flow had resumed…
U.S. Senate Majority Leader Charles Schumer on Wednesday urged the U.S. Federal Trade Commission to consider possible anti-competitive harms stemming from recent multi-billion dollar acquisitions by oil and gas giants Exxon Mobil and Chevron Corp…
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