Australia's Woodside Petroleum Ltd on Thursday posted a 4 percent rise in first-quarter revenue on higher realized prices for its oil and gas.Revenue rose to $1.22 billion for the three-months ended March 31, compared to $1.17 billion a year ago…
Chrysaor has reached a deal to acquire ConocoPhillips’ oil and gas exploration and production assets in the UK for $2.675 billion, the companies announced on Thursday.Full-year 2018 production and year-end 2018 proved reserves associated with the assets being sold were approximately 72…
Equinor said it has added seven offshore exploration blocks to its portfolio, after presenting winning bids in the first open bid round for Argentinean offshore acreage in more than 20 years.The licensing round offered a total of 38 blocks,…
U.S. oil major Exxon Mobil Corp said that its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina.ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments B…
Equinor's Aasta Hansteen gas field in the Norwegian Sea, which was shut on April 8 due to a gas leak, is expected to restart production on Wednesday, gas system operator Gassco said on Tuesday.'The expectation is that they will restart production tomorrow…
Oil held above $71 a barrel on Tuesday, supported by falling Venezuelan and Iranian exports and fighting in Libya that raised concerns of more supply threats, outweighing expectations of higher U.S. inventories.In Libya, fighting between Khalifa…
Norway's oil production dropped 8.2 percent in March year-on-year to 1.396 million barrels per day, lagging the official forecast for the month by 1.5 percent, Norway's Petroleum Directorate (NPD) said on Friday.Technical problems at certain…
The ongoing political turmoil in Algeria threatens to delay even further the planned offshore oil and gas exploration projects that the country is betting on to reverse the declining oil and gas output especially from maturing onshore fields…
Brazil's government and state-controlled oil company Petroleo Brasileiro SA have settled a long-running dispute about one of the world's most promising offshore oil areas, clearing the way for a blockbuster auction later this year.The national…
The operator of the Mariner heavy oil field, one of Britain's largest offshore developments in years, postponed its start-up to summer 2019 on Wednesday for safety checks on the platform's electrical couplings.Originally due to come on stream…
Equinor has exercised three of six available one-month options to extend the Prosafe accommodation vessel Safe Boreas at the Mariner project in the UK sector of the North Sea, after another round of setbacks has pushed back the oil field's start-up date even further…
Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad Energy.Global discoveries of conventional resources in the first quarter reached a robust 3…
Oil prices rose to a five-month high on Monday, driven by expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela.International benchmark Brent futures rose 74 cents…
In times of oil price volatility, operators can take certain actions to reorient their businesses, generate sustainable value and reignite investor interest.According to the “New horizons: Strategic choices for upstream oil and gas companies…
With stabilizing oil prices and lower breakeven points, interest in the US offshore is increasing.Randall Luthi, president of National Ocean Industries Association (NOIA), said the interest extends well beyond the existing regions open for oil…
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