Oil major Shell has made a significant discovery at the Leopard prospect in the deepwater U.S. Gulf of Mexico, some 245 miles (394 km) south-southeast of Houston.According to Shell, the Leopard well encountered more than 600 feet (183 meters) net oil pay at multiple levels…
Serica Energy, a UK-based oil and gas company focusing on the North Sea, has hit a snag with its Columbus development well and will have to re-drill it, which will cost an extra £3 million (USD 4.23 million).The company spudded the well in mid-March…
Oil and gas group Total won more than 90% backing for its climate plan to gradually reduce its emissions on Friday, when shareholders also voted overwhelmingly in favor of its rebrand as TotalEnergies to mark its shift to renewable energy.Some…
Russian vessel Fortuna has started laying pipes for the Nord Stream 2 gas pipeline in German waters, the gas project said on Sunday, citing Germany's Waterway and Shipping Authority.Nord Stream 2, which runs on the bed of the Baltic Sea from Russia to Germany…
Liquefied natural gas (LNG) demand growth in Asia will slow down next year as the economic recovery stagnates and the capacity of competing fuels nuclear and coal expand in Japan and South Korea, research consultancy Wood Mackenzie said on Thursday…
U.S. oil majors Exxon Mobil Corp and Chevron Corp on Thursday branded Australia's proposed industry-wide levy to cover the cost of decommissioning an offshore oil field, which neither has had any stake in, as 'arbitrary' and 'disappointing'…
UK-focused Tailwind Energy said Monday it had agreed to acquire BP's interest in the Shearwater offshore field for an undisclosed fee.BP holds a 27.5% non-operated interest in Shearwater, and Tailwind will acquire the whole stake owned by the British oil major…
Brazilian oil company Petrobras has awarded offshore services provider Subsea 7 a 'very large' contract for the delivery of subsea equipment for the Mero 3 deepwater field development, offshore Brazil.A very large contract, according to Subsea 7…
Oil major Shell has this week sent an environmental impact statement for the development of its Jackdaw field in the North Sea to the UK Government.The Jackdaw is an ultra-high pressure/high-temperature gas condensate field in the Central North Sea…
Russia's largest oil producer Rosneft on Friday reported first-quarter net income of 149 billion roubles ($2 billion), buoyed by a recovery in oil prices, after a $2.1 billion loss a year earlier.Earnings at the group, which is around one-fifth owned by BP…
Carbon Trust said Monday that a joint project was underway to examine the impact of increased monopile size on structural stability.The project, called the Verification of Buckling Assessment and Behaviour in Large Monopiles (VERBATIM) project is a €3 million joint industry initiative…
The Shell Robert Training and Conference Center in Louisiana has established a new partnership with Maersk Training, to deliver 'enhanced ' training to the Gulf of Mexico offshore workforce.The agreement will combine the infrastructure and training…
The Dutch government has granted a consortium that includes oil majors Royal Dutch Shell and ExxonMobil around 2 billion euros ($2.4 billion) in subsidies for what is set to become one of the largest carbon capture and storage (CCS) projects in the world…
Danish offshore drilling company Maersk Drilling on Wednesday upgraded its financial guidance for the year 2021, on the back of improved contracting performance.'Maersk Drilling continues to demonstrate strong commercial and operational performance…
Royal Dutch Shell's profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned that the outlook remained uncertain due to the coronavirus pandemic.Shell's adjusted earnings were above an average analyst forecast of $3…
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