Egypt's Baltim South West offshore gas field backed by BP and Eni has started production of 100 million cubic feet of gas a day, the oil ministry said on Tuesday.Output will rise to 500 million cubic feet of gas by the second quarter of 2020 when five wells are expected to be online…
Private-equity backed oil and gas firm Neptune Energy plans to be ready for an initial public offering by April next year, Chief Financial Officer Armand Lumens said on Thursday.Neptune, backed by the Carlyle Group and CVC Capital partners and headed by former Centrica boss Sam Laidlaw…
Private-equity backed Neptune Energy reported an operating cash flow of $613 million for the first half of the year, up around 5% from a year earlier, as the potential stock market debutante eyes 2019 output of up to 155,000 barrel of oil equivalent…
Norwegean provider of floating production services to the oil and gas industry BW Offshore has won approval from Brazilian oil regulator ANP for the purchase of the Maromba oilfield, part of the Oslo-listed company's plan to become an operator and not just a supplier of oil services…
Canada has a well-established offshore history within the oil and gas sector, with the first offshore exploration carried out by Mobil in the Stable Island region in 1959. Today, the major areas of activity are within the Jeanne d’Arc Basin…
Chevron Corp reported a 26.3% jump in quarterly profit on Friday, as higher oil and gas production and a one-time breakup fee from its failed bid for a rival more than offset lower energy prices and a rise in expenses.Results benefited from…
Shell has taken the final investment decision (FID) for the PowerNap deepwater project in the US Gulf of Mexico, the supermajor announced on Thursday.PowerNap, a subsea tie-back to the Shell-operated Olympus production hub, is expected to start production in late 2021 and produce up to 35…
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French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus on low breakeven projects that can weather weak oil prices, it said on Thursday.The company…
Spanish energy company Repsol trimmed its full-year earnings outlook on Wednesday as lower oil prices and refining margins weighed on profits, but a share buy-back and better than expected results bolstered its stock.Repsol proposed buying and cancelling 5% of its outstanding shares…
Officials from Eni sought to convince a witness, a former Eni manager, to withdraw some statements he made during investigations into a Nigerian corruption case involving the Italian oil group, a court heard on Wednesday.Prosecutor Fabio De Pasquale made the comment in a trial hearing into the case…
Australia's No 2 independent gas producer Santos Ltd said on Thursday it had clocked record gas production in the second quarter on stronger output across its Western Australia gas assets.Production for the three months to June 30 rose to 18…
A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy industry.The acquisition marks a new direction for the family-owned company…
Dutch offshore contractor Heerema Marine Contractors said on Friday it has been assigned to help build the first and largest commercial offshore wind farm in the United States.Situated 14 miles off the coast of Massachusetts, the 800-megawatt…
Denmark has fined French oil and gas major Total 500,000 Danish crowns ($75,145) for the discharge of chemicals in the North Sea by a company it bought in 2017, Danish broadcaster DR said on Tuesday.Maersk Oil, the former oil unit of shipping giant A…
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