The Sirius offshore gas project in the Colombian Caribbean, jointly run by Colombia's state oil firm Ecopetrol and its Brazilian counterpart Petrobras, is now due to start operations in 2031 rather than the previous 2030 start date due to consultation 'challenges'…
Australia's Woodside Energy on Thursday unveiled a new payout policy for investors and flagged it would axe around 10% of its workforce globally, as it set out higher targets for cost cutting and return on capital.Favoured by investors for paying…
Harbour Energy upgraded its 2026 production and free cash flow outlook for the third time this year on Thursday, and announced a further $150 million share buyback as record output and higher commodity prices boost returns.Here are some more details:The company…
BP has sold a 5% stake in Norwegian oil and gas producer Aker BP for approximately $1.06 billion (NOK 9.83 billion), reducing its ownership from 15.9% to around 10.9% as it moves to strengthen its balance sheet.The company said proceeds from the sale would be used to strengthen its balance sheet…
New Fortress Energy (NFE) has agreed to lease 10 mobile turbines capable of generating up to 300 MW of power to a US-based company for an initial five-year period, while confirming that its FLNG 1 liquefier remains on track to return to service in the fourth quarter of 2026…
BP has identified hydrocarbons in an exploration well at the deepwater Tupinambá block in Brazil's Santos Basin, where Shell's 50% working interest remains subject to regulatory approval.The company informed Brazil's National Agency for Petroleum…
BP has appointed former Shell executive Emma Lewis as Executive Vice President, Downstream, effective January 4, 2027, when she will also join the company's leadership team.In her new role, Lewis will oversee BP's Downstream segment, which includes refining…
TotalEnergies has signed an agreement with China's Jiangsu Guoxin Group to supply 900,000 tons of liquefied natural gas (LNG) annually for 15 years, with deliveries expected to begin in 2028, subject to the finalisation of sales and purchase agreements…
Mauritania has signed two exploration and production contracts with U.S. oil company Murphy Oil Corporation covering the offshore C10 and Tiof blocks in the country's coastal basin.The Mauritanian government said the agreements were part of…
Canada's integrated oil and gas producer Suncor Energy surpassed analysts' expectations for third-quarter profit on Tuesday, as higher oil prices and strength in refinery margins helped offset lower production and throughput volumes.The Iran war…
Energy technology company Baker Hughes has launched a global Mature Assets Solutions (MAS) hub network aimed at helping oil and gas operators increase production efficiency, improve recovery and extend the life of existing fields.The network…
Dutch-based Jack-Up Barge, backed by the Van Es Group, has expanded its fleet with the three-legged accommodation and services jack-up unit JB 121, following a naming ceremony in Dalian, China.The ceremony took place on November 3 at Dalian Shipbuilding Offshore…
Eni and its Area 4 partners have launched a drilling and completion campaign for the Coral North floating liquefied natural gas (FLNG) project offshore Mozambique, ahead of its planned start-up in 2028.The campaign, expected to last approximately 10 months…
Offshore drilling contractor Valaris has secured approximately $600 million in new contracts and extensions since its previous fleet status report in August 2026, increasing its total contracted backlog to around $4.8 billion.The latest awards cover drillships…
Jadestone Energy's oil and gas production has risen to approximately 19,000 barrels of oil equivalent per day (boepd) following the restart of the Cossack, Wanaea, Lambert and Hermes (CWLH) oil fields offshore Western Australia.Production resumed…
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