Tullow Oil narrowed its annual production forecast range and cut capital investment expenditure estimate on Wednesday, as the West Africa-focused oil producer attempts to bring down costs after two strategic wells returned disappointing results…
The UK North Sea still has a lot to offer when it comes to oil and gas reserves yet to be produced. However, unpredictable fiscal conditions are denting the confidence of offshore energy-producing companies to invest and revitalize oil and gas exploration activity…
The Norwegian oil and gas compan Equinor has recently obtained consent for extended operation of the Mikkel field offshore Norway.Under the consent, granted to Equinor by the Petroleum Safety Authority Norway (PSA), Equinor will continue operations at the Mikkel fielduntil 31 December 2039…
European buyers of Norwegian natural gas should commit to paying a minimum price if they want to obtain long-term supply deals that prevent price spikes like those seen this year, the chair of Norwegian producer Aker BP told Reuters.Gas prices…
India's Prime Minister Narendra Modi has inaugurated ONGC's U-field Onshore facilities of the KG-DWN-98/2 deepwater block, situated in Odalarevu, Andhra Pradesh, India.The event, in which the Prime Minister dedicated the onshore facilities to the nation…
British finance minister Jeremy Hunt is considering a big increase in a windfall tax on oil and gas firms and extending it to power generation firms as he tries to find ways to repair the country's public finances, sources said on Saturday.The…
Dutch FPSO systems provider SBM Offshore said Thursday it had signed a memorandum of understanding with ExxonMobil for the supply of another FPSO in Guyana.'The company recently placed an order for a seventh Fast4Ward MPF hull. The construction…
U.S. oil company ConocoPhillips and China's CNOOC have recently announced the start of the Penglai offshore wind farm pilot project, aimed at harnessing wind power to supply power to the Penglai oil field. This is China’s largest offshore oil…
An ailing worker was medevaced from a Gulf of Mexico oil rig, about 14 miles south of Dauphin Island, Ala., the U.S. Coast Guard said.The Coast Guard said its watchstanders at Sector Mobile received a call at 6:30 p.m. Wednesday from an oil…
Italian gas grid operator Snam confirmed on Thursday its guidance for full-year net profit after reporting a rise of 10% in nine-month revenue to 2.4 billion euros ($2.41 billion). The state-controlled group said it planned to boost Italy's…
Enauta, a Brazilian oil company, has begun drilling the new well 7-ATL-5H-RJS in the Atlanta Field of the Santos Basin, off the coast of Brazil.According to Enauta, the new well will cost $75 million to drill and connect to the FPSO at the field…
Colombian state oil company Ecopetrol on Tuesday reported its third-quarter net profit more than doubled to 9.51 trillion pesos ($1.90 billion), rising 150% from a year earlier, as production returned to levels not seen since before the coronavirus pandemic…
Conrad Asia Energy Ltd said Monday that it had received written approval from the Indonesian Minister of Energy and Mineral Resources for the Plan of Development (POD) Revision for the Mako offshore gas field, dubbed 'currently the largest undeveloped gas field in South Natuna Sea…
Ithaca Energy shares dipped on their London debut on Wednesday after the North Sea oil and gas producer defied volatile markets to deliver Britain's largest initial public offering (IPO) this year, and Europe's fifth biggest. The shares opened…
North Sea oil and gas producer Ithaca Energy's planned initial public offering (IPO) in London is set to be priced at the bottom of the range at 250 pence per share, a bookrunner on the deal said on Tuesday.Ithaca's market debut will be watched…
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