Oilfield services company Archer is set to complete the previously announced acquisition of rival DeepWell.'The completion of the acquisition [of DeepWell ] was conditional on obtaining necessary regulatory approval. Such approval was granted today by the Norwegian Competition Authority…
Japanese refiners will need at least three months to resume Iranian oil imports even if Tehran's nuclear talks with world powers lead to an agreement and a lifting of sanctions, the head of the Petroleum Association of Japan (PAJ) said on Thursday…
Exxon Mobil's newly elected board member Kaisa Hietala says her work at Finnish refiner and biofuel producer Neste makes her more than just a champion of biofuels, she also has experience transforming a business.Tiny hedge fund Engine No. 1…
Offshore drilling rig owner Valaris said Tuesday it had won a drillship contract with TotalEnergies in Ivory Coast.The contract is for the ultra-deepwater drillship Valaris DS-12. Total E&P Côte d'Ivoire B.V, an Ivory Coast subsidiary of the…
Norwegian oil company OKEA has with partners Petoro and Neptune Energy decided to develop the Hasselmus offshore gas discovery in the Norwegian Sea as a tie-back to the Draugen platform.The Hasselmus gas discovery is located on the western edge of the Trøndelag platform in the Norwegian Sea…
Subsea Integration Alliance, a partnership between Subsea 7 and Schlumberger's OneSubsea, has officially received the contract for the delivery of subsea equipment and flowlines for Equinor's recently sanctioned Bacalhau field development offshore Brazil…
Oil prices rose on Tuesday, with Brent topping $70 and trading at its highest since March, as optimism grew over the fuel demand outlook during the summer driving season of the United States, the world's top oil consumer.Prices were also boosted…
U.S. President Joe Biden on Tuesday said he decided to waive sanctions against the company behind the Nord Stream 2 gas pipeline because the project was nearly complete, and doing so could have harmed ties with Europe.Biden, who is preparing…
Japan's JX Nippon wants to sell its British North Sea oil and gas assets including stakes in some of the basin's biggest fields in a deal that could fetch up to $1.5 billion, five banking sources [told Reuters this week].The sale is the latest…
As Iran gears up to resume oil exports once the United States lifts trade sanctions, former key clients in Japan, South Korea and Taiwan say they'll wait for the U.S. green light before investigating terms under which they might buy Iran's oil again…
Oil prices jumped 2% on Friday after three days of losses, driven higher as a storm formed in the Gulf of Mexico, but were on track for a weekly fall as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress a nuclear deal…
Energy giant TotalEnergies said on Friday it had gone as far as it could for now to limit the revenues going to the military junta in Myanmar while staying within a legal framework and assuring power supplies.Total and U.S. energy company Chevron…
Indian Oil Corp, the country's top refiner, said on Thursday it would resume purchases of Iranian oil if Washington lifts sanctions against Tehran over its disputed nuclear program.The European Union official leading talks to revive Iran's nuclear…
UK-focused oil company Tailwind has agreed to sell its entire working interest in the Conwy field, offshore the UK, to the Italian oil giant Eni.'Conwy has had an excellent safety and production record under Tailwind ownership but now the asset…
Abu Dhabi National Oil Company (ADNOC) said it raised $1.64 billion by issuing exchangeable bonds and additional shares to investors in its listed retail unit ADNOC Distribution on Wednesday.It issued about $1.2 billion in senior unsecured bonds due in 2024…
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