Norway's Supreme Court ruled on Friday that three offshore oilfield development permits issued by the government were invalid due to a lack of environmental consideration, but said its decision would not force oil companies to curb output.The case was decided on procedural grounds, and the government must now reconsider each oilfield in accordance with the correct requirements to determine whether permits to the oil companies can be reissued…
Oil prices edged up on Friday but were headed for a second weekly decline as the continued US focus on its blockade and economic pressure on Iran eased fears of renewed fighting in the Middle East, though shipping attacks remained a supply risk…
ExxonMobil has made a final investment decision (FID) for the Longtail gas and condensate development offshore Guyana following government and regulatory approvals, with an additional investment of $12.5 billion planned and production targeted to start in 2030…
Japan's biggest oil and gas explorer Inpex 1605.T on Thursday lifted its 2026 net profit forecast by 7.8% to a record 550 billion yen ($3.4 billion) on higher oil and gas prices and robust output at its Australian Ichthys liquefied natural gas project…
SLB has been selected by Vår Energi as its main integrated drilling services supplier for two offshore rigs on the Norwegian Continental Shelf under an initial four-year arrangement, with extension options that could extend the scope through 2034…
BP is in talks with Petrobras to sell a stake in its Bumerangue oil block off the coast of Brazil, Bloomberg News reported on Thursday, citing people familiar with the matter.Reuters could not independently verify the report. BP and Petrobras…
Amplitude Energy has completed its Annie-2 gas development well, confirming high-quality reservoir characteristics and indicating potential resource upside for its East Coast Supply Project (ECSP) in Australia's Otway Basin.The well, located in permit VIC/L37…
Hokchi Energy, one of Mexico's largest private oil producers, plans to begin drilling two exploratory wells at the Woolis and Tojol prospects in shallow Gulf of Mexico waters, it said in a statement on Wednesday, adding that combined these had…
China's CNOOC has discovered a high-yield oil and gas well in ultra-deep volcanic formations in the Bohai Sea, with testing showing natural gas flow of approximately 800,000 cubic meters (28 million cubic feet) per day.The well, located in central Bohai near the Bozhong Sag…
Dutch floating production specialist SBM Offshore on Thursday raised its full-year revenue and core profit guidance for the third time this year, citing a strong year-to-date performance driven by its turnkey unit.The company lifted its directional revenue outlook for the year to about $7…
Norwegian oil and gas companies have cut their projected investments for 2026 while raising the outlook for 2027 compared with estimates made three months ago, an industry survey by the statistics office (SSB) showed on Thursday.The Nordic country's…
Murphy Oil Corporation has signed four production sharing contracts covering approximately 2.6 million acres offshore Cameroon, expanding its offshore exploration portfolio.The agreements cover the Elombo, Etinde Exploration, Ntem and Tilapia blocks…
Vietnam-Russia joint venture Vietsovpetro has started commercial oil production from the BK-26 platform at the Bach Ho field in Block 09-1, bringing the facility online 36 days ahead of schedule.First oil flowed at 7:15 a.m. on November 9, ahead of the originally planned December 15 start…
Planet One Oil & Gas has discovered hydrocarbons in a carbonate reservoir at its Nya Gyidie-1X exploration well offshore Ghana, marking the country's first successful test of a geological formation that could open new opportunities for oil and gas exploration…
A fire that broke out on a platform at Iran's South Pars gas field, the world's largest offshore natural gas field, was contained on Tuesday, the semi-official Fars news agency reported, citing the deputy oil minister.The cause of the fire was under investigation…
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