Vaalco Energy has resumed production from the Baobab field on the CI-40 block offshore Côte d’Ivoire following the completion of refurbishment work on the Baobab Ivoirien floating production, storage and offloading (FPSO) vessel.Hydrocarbon…
The French energy ministry announced that it will open on Friday the long-awaited tenders for 10 gigawatts worth of offshore wind project, mainly located on France's westcoast.Some companies have scrapped their offshore wind development plans…
Venezuela signed five agreements with British oil major Shell on Thursday to advance oil and gas projects, including the company's participation in the coveted 7-trillion-cubic-feet Loran offshore gas field, the government said.The country had…
BP on Monday said it agreed to sell 5% of its stake in the Browse liquefied natural gas project in Western Australia to South Korea's GS Energy.The sale leaves BP with a 39.33% stake in the Woodside-led WDS.AX project, which is expected to cost A$48…
Oil prices were steady on Wednesday, as renewed U.S.-Iran hostilities muddied direction, though a forecast U.S. stock draw offered support.Brent futures LCOc1 were up 25 cents, or 0.27%, to $91.70 a barrel at 0736 GMT, while U.S. West Texas Intermediate crude CLc1 was up 23 cents…
EnQuest has agreed to acquire interests in four offshore production sharing contracts (PSCs) in Malaysia for up to $833 million, a deal that would significantly increase the independent energy company's production, reserves and cash flow.The…
Oil prices fell on Tuesday, erasing most of the previous session's gains, after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, though both sides warned they could resume hostilities…
Financial institutions and investors have urged the European Union to maintain its opposition to new Arctic oil and gas drilling, as the bloc weighs revising its stance to prioritise energy security.The call highlights investor unease that the energy crisis triggered by the U…
Oil prices jumped more than 2% on Thursday after Iran's Revolutionary Guards said they targeted a U.S. airbase in response to a U.S. attack in the port city of Bandar Abbas.Brent crude futures LCOc1 rose $2.34, or 2.48%, to $96.63 a barrel by 0701 GMT…
Brent crude futures rose more than 2% on Tuesday after the U.S. military carried out strikes in Iran, keeping markets on edge as a deal to end the war and open up the Strait of Hormuz remained elusive.Brent futures LCOc1 were up $2.36, or 2…
Woodside Energy will consider matching an offer from Inpex to buy PetroChina’s stake in the Browse gas fields off the coast of Western Australia, CEO Liz Westcott said on Wednesday.Inpex on Friday said it would take PetroChina’s 10.67% stake…
A unit of Indonesian state utility Perusahaan Listrik Negara said on Friday it had signed heads of agreement with Italy's Eni and Japan's Inpex to buy 830 cargoes of liquefied natural gas, or about 48.5 million metric tons, between 2027 and 2047…
Panoro Energy has reported first-quarter performance to be in line with expectations as the company advanced a series of offshore development and exploration projects across Equatorial Guinea and Gabon while progressing what it dubbed 'a transformational'…
Wood has secured a contract by China Offshore Oil Engineering Company (COOEC) to deliver detailed design work for QatarEnergy’s Bul Hanine EPIC2 offshore oil and gas redevelopment project in Qatar.The scope includes the design of 25 subsea pipelines…
Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. President Donald Trump is expected to discuss military options on Iran…
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