Israel's Delek Group moved closer to listing its Ithaca Energy subsidiary on Thursday by buying most of Chevron's British North Sea oil and gas fields for $2 billion.Under pressure from a fall in oil prices to near 14-year lows of $26 a barrel in 2016…
Private equity-backed Neptune Energy expects output to slip to 155,000 barrels of oil equivalent per day (boed) this year, it said on Wednesday, as it reported operating cashflow of $362.3 million for the first quarter.It produced 162,000 boed…
French oil firm Total plans to start production at Azerbaijan's Absheron gas field in the Caspian Sea in 2021 after getting positive results from the drilling of a first well, a senior company official told Reuters.The decision to start production at the field…
Petronas has produced its first liquefied natural gas (LNG) from a floating LNG (FLNG) facility at the Kebabangan cluster field, 90 kilometers offshore the eastern state of Sabah, the Malaysian state-owned oil company announced on Tuesday.First…
The Shell-operated Appomattox floating production system in the US Gulf of Mexico has been brought into production several months ahead of schedule, the British-Dutch supermajor announced on Thursday.The ultra-deepwater Appomattox development…
US oil major Chevron has stated that it will not make a counter proposal for Anadarko Petroleum, following Occidental's counter bid. Chevron said that: 'Under the terms of its previously announced merger agreement with Anadarko Petroleum Corporation…
The Norwegian oil and gas operator focused on the Middle East and the North Sea, DNO ASA said it has completed the private placement of USD 400 million of new, five-year senior unsecured bonds with a coupon rate of 8.375 percent.The bond placement…
Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories.Brent crude futures were up $1.03 cents at $72.80 a barrel by 1344 GMT…
Oil and gas procurement specialist, Craig International has won a North Sea contract worth around GBP 20 million with BP.The Aberdeen-based oilfield services firm provide third party procurement services including equipment for maintenance…
Norwegian oil company Okea AS said on Tuesday it was planning an initial public offering by mid-2019, in a bid to raise funds to finance further expansions.The company, which is partly owned by Thailand's Bangchak Corporation and private equity firm Seacrest Capital…
Brazil's national energy council on Thursday published updated parameters for a massive oil auction scheduled for later this year, including minimum levels of profit-sharing with the government, while also urging a shakeup in the refinery sector…
BP is set to go ahead with its Thunder Horse South Expansion Phase 2 project in the deepwater Gulf of Mexico after announcing project sanction. Thunder Horse Expansion Phase 2 will boost output at one of the largest oil fields in the Gulf of Mexico by about 50…
Israel's Delek Group confirmed on Sunday it submitted a proposal through its Ithaca unit to buy Chevron's oil and gas fields in the British North Sea.Last week Reuters reported that Delek was close to clinching Chevron's oil and gas fields in the British North Sea…
Dutch offshore access provider Ampelmann has secured a contract to supply a walk-to-work (W2W) transfer system for US based marine transportation company Harvey Gulf to be used during maintenance work at an oil and gas platform in the Gulf of Mexico…
UK-based underwater vehicle services company Modus Seabed Intervention has agreed with Saab Seaeye to buy its second Sabertooth hybrid autonomous underwater vehicle (HAUV).The 3,000-meter rated Sabertooth will be equipped with extended autonomous…
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