Brazilian oil company Enauta said Thursday that it has successfully replaced the seabed pump and returned to production a well at its Atlanta field, offshore Brazil.With the well, named well 7-ATL-4HB-RJS, online, the field returned to producing around 12…
High oil and gas prices helped Spain's Repsol REP.MC to post earnings above market expectations on Thursday, giving it more financial firepower to spend on low-carbon operations investors are increasingly demanding of energy companies.Benchmark…
Oil and gas firms in Norway have raised this year's investment forecasts as they seek to benefit from pandemic-era tax incentives intended to boost activity, a national statistics office (SSB) survey showed on Thursday.The biggest business sector in Norway now expects to invest 159…
More Israeli natural gas will flow to Egypt via a new route through Jordan by the end of February, Israel's Energy Ministry said on Wednesday.The ministry said the new route was approved because of growing demand in Egypt, which produces its…
Brazilian oil company Petrobras has started the non-binding phase regarding the sale of its assets in the U.S. Gulf of Mexico.Petrobras is selling its entire 20% stake held in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA…
Guyana's President Irfaan Ali on Tuesday defended his country's right to develop its oil industry for its residents while insisting local goods and services requirements are not meant to block foreign investments.A string of discoveries off…
Shares of Vår Energi, the largest pure-play oil exploration and production (E&P) company to list globally in almost a decade, fell 4.9% as it made its Oslo stock market debut on Wednesday.A spin-off from Italy's Eni, Vår Energi declined to 26…
The Organization of the Petroleum Exporting Countries (OPEC) and their allies, known as OPEC+, needed to narrow the gap between their oil production targets and actual output, the International Energy Agency's (IEA) head Fatih Birol said on Wednesday…
Shell is preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, part of an ongoing retreat of long-time producers from the aging basin, industry sources told Reuters.Shell is planning to offer…
MacGregor, part of Cargotec, has won a contract to supply two FPSO offloading systems for the Liuhua 11-1/4-1 redevelopment project located in the east part of the South China Sea. The contract has been awarded following the successful cooperation…
European banks are providing billions of dollars of funding to expand oil and gas production, a report on Monday showed, despite International Energy Agency guidance against new facilities in order to slow global warming.Last year, 25 of the…
UK-based offshore engineering and maintenance contractor Bilfinger UK has secured a major contract with TotalEnergies that will create 300 fixed-term positions.The contract is for the delivery of fabric maintenance campaign services on TotalEnergies’…
Exxon Mobil Corp has bet billions of dollars on offshore drilling in Brazil, an area it once abandoned and now sees as key to its future.But five years into its comeback, the U.S. oil giant has yet to make a major oil discovery as an operator…
FPSO leasing company BW Offshore has decided to record an impairment to the book value of the FPSOs BW Athena, Espoir Ivoirien, Sendje Berge, Petróleo Nautipa and Umuroa amounting to $66.6 million in the fourth quarter of 2021 as well as $23…
Norwegian offshore vessel owners Solstad Offshore and Siem Offshore said Monday in separate statements they'd secured a contract for their offshore vessels.Solstad Offshore won a contract for its construction support vessel Normand Valiant with Brazil's Petrobras…
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