Oil and gas company BW Energy has brought online the fourth well of the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon. 'Well performance is in line with expectations with current production at approximately 6,500 barrels per day…
Thailand's annual gas regasification capacity will nearly double by the end of the decade as liquefied natural gas (LNG) imports are set to rise to replace declining domestic production, a senior executive at energy company PTT said on Tuesday…
Planned work stoppages next week at two of Australia's largest liquefied natural gas (LNG) facilities are scheduled to go ahead unless mediation can produce a deal after workers at Chevron rejected the company's offer on pay and conditions.Australia is the world's biggest LNG exporter…
Global oil major BP said the world must invest in the production of oil and gas to avoid sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions.Global gas prices surged seven-fold last year as 3% of global…
Harbour Energy narrowed its annual production forecast range on Thursday, pulled down by a halt in sub-sea and platform drilling and a delay in some Beryl oilfield production wells coming online.Shares in Britain's largest North Sea oil and gas producer fell by more than 2% in morning trade…
Hunting reported first-half core profit that more than doubled on Thursday and announced plans to slim down its non-core assets as the British oil and gas services firm aims to expand its presence in the energy transition markets.Shares fell by 7% in early trading…
On Wednesday, Japanese oil and gas explorer Inpex raised its full-year net profit forecast by 7% and announced measures to boost the company's value and shareholder returns, including a dividend increase and share buyback.To address the country's number of undervalued stocks…
Chevron and Woodside Energy Group said on Thursday they are holding talks with unions to avert strikes at Australian liquefied natural gas (LNG) facilities that together account for around 10% of global production.Concerns over industrial action…
GAIL (India) Ltd is close to finalizing a long-term liquefied natural gas (LNG) import deal with Qatar to buy at least 1 million metric tons per year, potentially for more than 20 years, three industry and trade sources said.The deal would be…
French energy company TotalEnergies does not believe it overpaid for a record-breaking German offshore seabed lease this month, despite industry criticism, CEO Patrick Pouyanne said on Thursday while presenting second-quarter results.'In Germany…
Oil prices edged lower on Monday but were hovering near three-month highs and were set to post their biggest monthly gains in more than a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply…
Italy's Eni said its second-quarter adjusted net profit dropped 49% from last year, reflecting falling oil and gas prices and weaker refining margins. Adjusted net profit in the period came in at 1.94 billion euros ($2.13 billion), down from a bumper result of 3…
The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America.Baker Hughes, Halliburton…
Exxon Mobil Corp joined its rivals in reporting a 56% slump in second-quarter profit from a year ago, hurt by a drop in energy prices, in line with the midpoint of the company's earnings preview released earlier this month.Oil majors' profits…
Oslo-listed Vaar Energi, majority owned by Italy's Eni, posted on Tuesday a 55% drop in second-quarter operating profit on weaker oil and gas prices, narrowly missing analysts' forecasts. Earnings before interest and tax (EBIT) for the April-June quarter fell to $778 million from $1…
Subscribe
