A survey on Thursday showed that oil firms in Norway are planning to drill 18% less exploration wells next, as they focus on existing fields. This could undermine the government's aim of maintaining production from Europe's biggest petroleum producer…
Equinor has started production from the Verdande subsea field in the Norwegian Sea, a development that is expected to keep the Norne floating production, storage and offloading (FPSO) producing beyond 2030.The field, which holds an estimated 36 million barrels of oil…
Vår Energi has confirmed an oil discovery in the Goliat North exploration well, located close to its operated Goliat field in the Barents Sea. The exploration well located five kilometers north of the Goliat field encountered hydrocarbons in the Realgrunnen and Kobbe formations…
Finder Energy has agreed to acquire the Petrojarl I floating production, storage and offloading (FPSO) vessel from Amplus Energy for $15 million in cash and shares, in a move the company said will accelerate development of its Kuda Tasi and Jahal (KTJ) oil fields project…
Chevron said on Wednesday that capital expenditure for 2026 will be between $18 billion and $19 billion as the oil major focuses on production in the U.S. and investments connected to a recently-acquired oil stake in Guyana.The range is at the…
French oil major TotalEnergies and its fellow partners on the $20 billion Mozambique LNG project have agreed to provide additional equity to replace the previous contributions of British and Dutch export credit agencies, it said on Tuesday.The UK and Dutch agencies represented about 10% of the $15…
Turkey's state energy company BOTAS has signed two separate 10-year LNG supply agreements with Germany's state-owned SEFE and Italy's Eni on the margins of the World LNG Summit in Istanbul, the company said on Wednesday.Under the BOTAS–SEFE deal…
The North Sea Transition Authority (NSTA) has named 13 operators that have fallen behind on their decommissioning obligations for inactive wells, releasing its first public table on North Sea decommissioning arrears.The table lists companies…
PetroNor E&P has set out plans to withdraw from its exploration license for Block A4 offshore Gambia after the initial exploration phase expired in mid-November.The company said it had been in discussions with the Gambian government on future…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production from the Weizhou 11-4 oilfield adjustment and satellite fields development project in South China Sea.The project is located in the Beibu Gulf Basin…
Syrian President Ahmed al-Sharaa met delegations from U.S. oil major Chevron and the Syrian Petroleum Company to discuss cooperation in oil and gas exploration fields on Syrian shores, the Syrian state news agency said on Tuesday.The state news…
The European Council said on Wednesday it reached an agreement with the European Parliament on phasing out Russian gas imports by 2027 as part of an effort to end dependency on Russian energy.The agreement will include a legally binding, stepwise…
ABS issued approval in principle (AIP) to Hanwha Ocean Co. Ltd. for remote control functions for FPSO units.ABS completed design reviews based on the ABS Requirements for Autonomous and Remote-Control Functions.The project is part of the Offshore…
Oil majors operating in Brazil have closed ranks to oppose a proposed merger between energy contractors Subsea7 and Saipem, and antitrust agency Cade has asked the two firms to provide its probe with new data on Friday, public documents seen by Reuters show…
Eni has started up Phase 2 of its Congo LNG project ahead of schedule, following the arrival of the Nguya floating liquefied natural gas (FLNG) unit into Congolese waters and the introduction of gas into the new infrastructure.Eni said it expects the first LNG cargo to be exported in early 2026…
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