Guyana's coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell, Petrobras, and Chevron, to consider the decade's hottest oil region, people close to the matter said.The South American country is offering 14 offshore blocks…
Norwegian state energy firm Petoro reported on Tuesday more than a doubling of its annual earnings thanks to soaring gas prices and said it expected the world to need petroleum supplies 'for a long time to come.'The oil and gas company's net profit rose to a record 539 billion Norwegian crowns ($50…
The Kremlin said on Monday that it was for all shareholders to decide whether Nord Stream gas pipelines damaged in blasts last year should be mothballed. Sources familiar with the plans told Reuters last week that the ruptured Nord Stream 1 and Nord Stream 2 pipelines…
Malaysia's state oil firm Petroliam Nasional Berhad on Monday posted a 55% jump in quarterly profit on higher energy prices and bigger sales volume, but warned of moderating prices for this year due to an expected slowdown in the global economy…
Western allies on Wednesday warned against reaching premature conclusions on who was responsible for blowing up the Nord Stream pipelines, with Germany suggesting the attack could also have been a 'false flag' operation to blame Ukraine.A New York Times report…
Danish offshore support vessel owner Maersk Supply Services has secured three-year contracts for three of its L-class anchor handlers with Petrobras in Brazil.Petrobras will use the vessels for a broad scope of anchor handling activities and offshore drilling rig movements…
Valery Limarenko, the governor of Russia's far eastern Sakhalin island, told President Vladimir Putin on Monday that oil and gas production at the Sakhalin-1 project was less than half of that planned in 2022. The project saw a sharp decline in output following the departure of U…
Russian President Vladimir Putin said on Tuesday that last year's blasts on the Nord Stream gas pipelines had been carried out on a 'state level', dismissing the idea an autonomous pro-Ukraine group was responsible as 'complete nonsense.'The…
The European Commission presented the centerpieces of a strategy on Thursday to ensure its industry can compete with the United States and China in making clean tech products and accessing raw materials required for the green transition.The…
Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after Russia's invasion of Ukraine allowed it to hand shareholders unprecedented returns. The British company's record earnings…
Colombia can go without Venezuelan natural gas because of promising offshore developments of its own, Felipe Bayon, chief executive of state-controlled oil company Ecopetrol, told Reuters.Companies have proposed reactivating a dormant gas pipeline…
The Australian oil and gas company Woodside Energy has entered into an agreement for an option to acquire a 56% Participating Interest in Petroleum Exploration License 87 (“PEL 87”) offshore Namibia.This is according to the Canadian company Sintana…
PGS has signed a 3D exploration acquisition contract for work offshore Namibia. The Norwegian company said in a stock exchange announcement that it was mobilizing its Ramform Titan vessel for the survey. The acquisition is expected to be completed in late May 2023…
Russia renewed its calls on Sweden late on Monday to share its findings from the ongoing investigation into the explosions that damaged the Nord Stream gas pipelines last year. The U.N. Security Council will meet on Tuesday to discuss 'sabotage'…
Oil and gas company Wintershall Dea said Thursday it had invested in Norway-based smart well flow diagnostics provider Wellstarter. 'The Norwegian based company has developed an innovative solution, offering cost effective and real time wireless downhole flow monitoring…
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