Russian oil and gas company Lukoil has agreed to acquire a 15.5% stake in the Shah Deniz offshore gas field in the Azerbaijan sector of the Caspian Sea from Malaysia's Petronas.Lukoil said the value of the transaction was $2.25 billion, with the completion is subject to certain conditions precedent…
Woodside's recent acquisition of BHP's oil and gas business is making its ESG narrative complicated, energy intelligence firm GlobalData said, as BHP's assets it has acquired will boost Woodside's oil production and ultimately lead to a more carbon-intensive product base over the near term…
A Scottish court handed BP a win over Greenpeace on Thursday after the environmental group tried to void the energy company's licence to exploit a North Sea oilfield, saying the climate impact of the end-use of oil should not affect permits…
Hurricane Ida's extensive and unexpectedly lingering disruption to output in the Gulf of Mexico has been the single most important factor contributing to the surge in oil prices over the last month.Damage to offshore installations has cut cumulative…
Energy industry consultancy Xodus has bought Houston-based data interpretation consultancy Ocean Geo Solutions (OGS), adding capabilities in geophysical data processing, interpretation, and reporting.OGS assesses seabed and subsurface conditions…
British oil services group Petrofac said it is looking at refinancing options including debt and fresh equity as it faces a possible $240 million fine from a London court.Petrofac decided to plead guilty to seven charges after a four-year Serious…
Oil major BP on Tuesday announced the start-up of its Thunder Horse South Expansion Phase 2 project in the U.S. Gulf of Mexico.The second phase is expected to increase output at one of the largest fields in the Gulf of Mexico, with peak annual average gross production of 25…
INEOS Energy has completed the $615 million sale of its oil and gas business in Norway to Poland's PGNiG.The deal, first announced in March 2021, includes all INEOS Oil & Gas interests in production, licenses, fields, facilities, and pipelines…
Oslo-listed oil and gas company BW Energy, responding to press speculation, said Monday it had not made any formal decision to buy any of Brazil-based Petrobras' assets.BW Energy said it had noted the press speculation regarding the possibility of BW Energy acquiring the Golfinho field in Brazil…
BP on Wednesday said all four of its offshore facilities in the Gulf of Mexico have resumed operations, having been brought back online and producing as of Sept. 12 post-Hurricane Ida.The company on Sept. 7 said it had resumed operations at its Atlantis and Mad Dog platforms…
The Norwegian offshore vessel owner Solstad Offshore has signed a deal with Inmarsat for its new Fleet LTE service, which will cover the connectivity needs of multiple Solstad Offshore vessels in the North Sea.Mobile satellite communications…
Crude prices have climbed to the upper-$70s, sustained by continued demand growth and the OPEC+ production curtailment agreement. Excess oil inventory has largely been eliminated, natural gas supply shortages have appeared in Europe and LNG prices have soared…
Chinese oil and gas firm CNOOC Ltd wants to exercise an option and acquire an additional 5% stake in production rights for the Buzios oilfield for $2.08 billion, the oilfield's owner, Brazil's Petrobras, said on Wednesday.Petroleo Brasileiro SA…
TotalEnergies plans to buy back $1.5 billion of its shares in the fourth quarter and boost its investment in renewable energy with the help of high oil prices, the French energy major said on Tuesday.'TotalEnergies is confident in its ability to combine energy transition and shareholder return…
UK-based renewables firm SSE Renewables will, together with the Japanese renewable energy developer Pacifico Energy, form a joint venture firm that will explore offshore wind project development in Japan.As part of the agreement, SSE Renewables…
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