Seascape Energy has signed a letter of agreement with Petronas for a 547-square-kilometre extension of its Temaris Cluster Small Field Asset production sharing contract (PSC) offshore Malaysia, potentially doubling the gas resources identified in the area…
TotalEnergies expects its refining margins to have nearly quadrupled in the third quarter compared to last year, as the Iran war continues to lift energy prices and boost profits for oil majors, the French company said in a trading update on Thursday…
US oil major Chevron is on track to deliver the first gas from its offshore Aseng gas project in Equatorial Guinea in 2028, a senior company executive said on Wednesday.Equatorial Guinea is aiming to bolster its dwindling gas production, which threatened its LNG exports…
Petrobras has signed cost and volume balancing agreements with Shell, TotalEnergies and Petrogal covering the Berbigão and Sururu shared reservoirs in Brazil's offshore Santos Basin, under which it will receive a net payment of approximately $859 million…
Iran is deploying new tactics to target ships sailing through the Strait of Hormuz as it seeks to keep oil prices high and influence the US midterm elections, two senior Iranian officials told Reuters.Tehran has tried to exert control over the…
ExxonMobil has told Guyana it will need more offshore gas to maximize oil production than the government had expected, potentially leaving less for liquefied natural gas production and exports, two people close to the talks said.Guyanese officials…
A Ukrainian ex-military officer goes on trial in Germany on Wednesday, accused of organising the secret operation that blew up the Nord Stream gas pipelines in September 2022, severing western Europe from the biggest source of Russian natural gas…
Equinor and its partners Petoro and TotalEnergies have made an oil and gas discovery near the Oseberg field in the Norwegian North Sea, with preliminary estimates indicating between 19 million and 50 million barrels of recoverable oil equivalent…
Vallourec has been awarded a contract by TotalEnergies to supply more than 16,000 tonnes of tubular products for the development of the Absheron gas field in Azerbaijan's sector of the Caspian Sea.The contract covers oil country tubular goods (OCTG) and line pipe solutions…
Conrad Asia Energy has confirmed the arrival of the Valaris 104 jack-up rig at PaxOcean's shipyard in Batam in Indonesia, where it will be converted into a mobile offshore production unit (MOPU) for the Mako gas project in the West Natuna Sea…
The European Union is examining a bloc-wide windfall profit tax on oil and gas companies, the EU's tax chief told Reuters on Monday, as governments scramble for funds to help citizens with soaring energy bills.Oil and gas companies have reaped bumper profits this year…
Equinor and Dutch energy company Eneco have signed a five-year agreement for natural gas deliveries from the Norwegian continental shelf to the Netherlands, covering approximately 9 TWh of gas annually and including verified greenhouse gas emissions data…
BP estimated on Tuesday its third-quarter refining margins tripled from last year as the Iran war boosts profits for oil majors, but also flagged $3 billion to $4.5 billion in impairments relating to its gas and low-carbon energy segment.This…
The US Interior Department proposed on Friday to hold an offshore oil and gas lease sale in Alaska's Cook Inlet early next year, offering about 1.05 million acres (425,000 hectares) for drilling as part of a congressionally mandated leasing program…
Eni has signed two binding agreements to sell 10% interests in seven production sharing contracts (PSCs) in Indonesia to Pertamina and Medco, covering assets operated by its joint venture with Petronas.Under the first agreement, Eni will sell its 10% interests in the East Sepinggan…
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