Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill.The sale comes after a failed bid this year to restart production…
Conrad Asia Energy Ltd said Monday that it had received written approval from the Indonesian Minister of Energy and Mineral Resources for the Plan of Development (POD) Revision for the Mako offshore gas field, dubbed 'currently the largest undeveloped gas field in South Natuna Sea…
Colombian state oil company Ecopetrol on Tuesday reported its third-quarter net profit more than doubled to 9.51 trillion pesos ($1.90 billion), rising 150% from a year earlier, as production returned to levels not seen since before the coronavirus pandemic…
CNOOC Ltd's third-quarter net profit soared by 89% from a year earlier to 36.9 billion yuan ($5.11 billion), driven by stronger oil and gas prices, the Chinese offshore oil and gas major said on Thursday. Third-quarter revenue rose 54% on the year to 89…
A planned initial public offering of North Sea oil and gas producer Ithaca Energy IPO is set to price at the lower end of the previously guided range, bookrunners on the deal said on Monday.The revised price guidance is for between 250 and 270 pence per share…
Italy's Emilia Romagna region has approved a project for a new floating LNG terminal off the coast of Ravenna in the upper Adriatic sea, it said on Monday, part of the country's broader efforts to replace dwindling Russian gas supplies. Almost…
Shares of Arabian Drilling Company , a Saudi oilfield services firm, were up 18% above its listing price on its market debut in Riyadh on Monday, in a sign that investors still have appetite for local flotations despite a gloomy outlook for the world economy…
Norwegian oil company OKEA has completed the acquisition of Wintershall's interests in three offshore fields in the Norwegian part of the North Sea. The companies first announced the agreement in May.OKEA has acquired 35.2% operated stake in the Brage Unit…
Equinor on Friday posted forecast-beating record profits for the third quarter driven by all-time-high European gas prices amid the Ukraine war, and said it would raise its dividend payment while reducing full-year output guidance.The oil and…
LONDON, Nov 1 (Reuters) - BP more than doubled its third-quarter profit from a year earlier to $8.15 billion, lifted by strong natural gas trading, as it expanded its share buybacks by $2.5 billion amid rising calls to increase taxes on the energy sector…
Exxon Mobil Corp on Friday smashed expectations as soaring energy prices fuelled a record-breaking quarterly profit, nearly matching that of tech giant Apple. Its $19.66 billion third-quarter net profit far exceeded recently raised Wall Street…
Singapore's Sembcorp Marine (Sembmarine) scrapped a deal to merge with Keppel Corp's offshore and marine unit and form new company, in favour of directly buying the unit for S$4.50 billion ($3.19 billion), the Temasek-backed oil rig builder said on Thursday…
Specialty chemicals company Evonik has signed a long-term power purchase agreement (PPA) for wind energy with the energy supplier EnBW. The PPA provides Evonik with 100 megawatts (MW) of electricity per year from the new 900-MW He Dreiht wind farm in the German North Sea…
Asia Pacific-focused oil and gas company Jadestone Energy has completed the acquisition of a non-operated 16.67% working interest in the Cossack, Wanaea, Lambert, and Hermes ('CWLH') oil fields development offshore Australia from BP.The fields are part of the North West Shelf Oil Project…
North Sea oil and gas producer Hurricane Energy launched a formal sale process after receiving an unsolicited offer from an unnamed bidder which its board considers too low, it said on Wednesday.Last year, Hurricane effectively gave control…
Subscribe
