U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess's Guyana assets.Exxon on Wednesday filed a contract arbitration…
Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets.The arbitration case seeks to…
Oil and gas company Energean has brought the Karish North and second gas export riser online at the Karish field in the Mediterranean Sea, offshore Israel.Karish North first gas was safely achieved on February 22, 2024, Energean informed. The…
Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals…
Valeura Energy has bought the Nong Yao field’s FSO Aurora for $19 million, and expanded the drilling program at its Wassana field in light of favorable initial results.In a February 13 update shared by the company, Valeura said it had exercised…
Petrogas E&P Netherlands, part of Oman-based Petrogas E&P, has started producing gas from the A15 platform installed in the Dutch North Sea.Petrogas E&P Netherlands, along with its partners EBN, Rockrose, and TAQA, produced first gas from the A15 project on February 12…
Offshore drilling contractor Noble Corporation has secured contract extension for its harsh-environment jack-up rig Noble Resolute in the North Sea.The contract extension for Noble Resolute comes from Petrogas E&P Netherlands, part of Oman-based Petrogas E&P…
Oilfield services provider Expro has entered into a definitive agreement to acquire well integrity and production optimization company Coretrax from an investment group led by Buckthorn Partners for $210 million.Subject to customary closing conditions and working capital adjustments…
The Norwegian Offshore Directorate has granted Neptune Energy Norge a drilling permit for the new exploration well at Duva field in the North Sea.The permit is for the 36/7-5 S wildcat well at Duva field (production license 636) which will be done using Deepsea Yantai semi-submersible drilling rig…
Chevron on Friday beat analysts' earnings estimates and increased dividends on higher oil and gas production, after a year of sharply lower profits on missteps and charges.Shares were up 2% in morning trading after the company beat analysts'…
Exxon Mobil on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production.Oil majors are expected to report 2023 profits down by about a third from record levels in 2022, as oil…
Dutch company Huisman has secured a contract from Subsea 7 for the delivery of its 500MT offshore mast crane for one of pipelay vessels for deep water installations.The 500mt Offshore Mast Crane will be equipped with a passive and active heave…
U.S. Gulf of Mexico-focused oil and gas company W&T Offshore has completed the accretive acquisition of six oil fields in shallow waters of the Gulf of Mexico for $72 million.W&T Offshore was the successful bidder for certain synergistic assets in the Gulf of Mexico offered by MLCJR…
Offshore drilling contractor Stena Drilling has taken delivery of its 7th generation Stena Evolution ultra-deepwater drillship from Samsung Heavy Industries.After a decade in the making, Stena Evolution drillship has finally been completed and is ready for its first job…
Brazilian oil and gas company Enauta has bought FPSO Cidade de Santos platform from MODEC, following the acquisition of the Uruguá and Tambaú fields in Santos Basin.The transaction for the FPSO, capable of processing 350 million cubic feet per day of gas…
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