Exxon Mobil Corp on Tuesday said it found oil in three new wells drilled off the coast of Guyana, raising recoverable oil and gas potential from its discoveries to nearly 11 billion barrels.The discoveries continue a run of exploration successes that date to 2015…
China's CNOOC Ltd saw its stock surge as much as 44% in its Shanghai debut on Thursday in defiance of overall market weakness, as investors sought safety in the oil giant amid lofty energy prices and quickening inflation.The stock started trade 20% higher than its offering price…
Stockholm-based Maha Energy AB remains interested in purchasing Petrobras' stake in the Tartaruga oil field in northeastern Brazil after the company's first attempt at buying the asset was unsuccessful, Victoria Berg, the company's investor relations officer…
Siemens Gamesa is trying to raise wind turbine prices to cope with lofty raw materials costs and iron out complex internal procedures that have delayed new products and helped trigger a huge quarterly loss, Chief Executive Jochen Eickholt said on Wednesday…
Chinese oil giant CNOOC Ltd said on Monday it will raise 28.08 billion yuan ($4.41 billion) in a share listing in Shanghai, after setting the price for what will be mainland China's 11th-biggest public stock offering.Fundraising will be expanded to 32…
Danish offshore drilling company Maersk Drilling has agreed to sell its jack-up rig drilling rig Maersk Convincer to ADES for $42.5 million in cash.The benign environment offshore drilling rig is expected to be delivered to ADES after the completion…
Wood Plc said on Wednesday its Chief Executive Officer Robin Watson plans to retire and the British oilfield services and engineering firm also posted a drop in full-year revenue, sending its shares down as much as 6% in early trade.The London-listed company's revenue for the year ended Dec…
Brazilian oil company Petrobras has brought online the first two wells of the increased oil recovery (IOR) project at Roncador project offshore Brazil, almost five months ahead of schedule and at half of the planned cost, Equinor, Petrobras' partner in the project…
Dutch marine services and towage company KOTUG has agreed to buy offshore support vessel firm Seaways International, in what is the largest acquisition in KOTUG's history.KOTUG said the move, of an undisclosed value, was part of its strategy…
Brazilian state-run oil company Petrobras on Thursday formally elected Jose Mauro Coelho as its chief executive for a one-year term, ending weeks of turmoil in which the government struggled to fill the top position.Coelho, a government technocrat…
U.S. oil firm Murphy Oil Corporation has started oil production from the Khaleesi, Mormont, and Samurai field development project in the deepwater section of the U.S. Gulf of Mexico.Production has started flowing this month from the Murphy-operated King’s Quay floating production system…
China's top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada, and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said.Ties…
Spanish power utility Iberdrola is seeking buyers for minority stakes in its three offshore wind projects in the German Baltic Sea, two sources with knowledge of the matter said.Iberdrola earns most of its income from renewable energy and power…
Norwegian oil company Aker BP produced 208,200 barrels of oil equivalents per day (boepd) in the first quarter, up from 207,000 boepd in the previous three months, the company said on Wednesday.However, output remains below the company's guidance of 210…
Danish offshore vessel operator Maersk Supply Service has won a call-off contract with Moreld Ross Offshore in Norway for the use of the Maersk Minder AHTS.'Already one of the newest, most fuel-efficient, and eco-friendly vessels in our fleet…
Subscribe
