BP's profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and said it was accelerating plans to cut emissions with increased spending on low carbon energy.BP's rebound to an annual profit of $12…
Malaysian FPSO supplier Yinson has won a contract with Brazil's Petrobras for the delivery of an FPSO for the deployment at the Parque das Baleias Integrated Project, to be installed in the Jubarte Field, located in the north of Campos Basin…
At least three people died in Nigeria when the oil storage and production vessel, FPSO Trinity Spirit, exploded last week and four crew are still missing, the operating company said on Monday.The vessel had 10 crew on board when it exploded on Wednesday…
U.S. Bureau of Safety and Environmental Enforcement (BSEE) inspectors and engineers last week carried out an offshore regulatory pre-production inspection of Murphy Oil’s King’s Quay floating production system (FPS) platform. The facility, a semi-submersible FPS…
Oil major Shell expects its Prelude FLNG unit in Australia, the world's largest unit of the type, will remain shut for most of the first quarter of 2022.The world's largest FLNG facility had in January 2021 resumed LNG cargo shipments, almost one year after a shutdown caused by an electrical trip…
The British government believes the North Sea oil and gas industry should play a role in the country's transition to net zero, finance minister Rishi Sunak said on Thursday.'We believe in the future of the North Sea, we believe in the oil and gas industry…
After 38 years of production, German oil and gas company Wintershall DEA has transferred its stake in the Gulf of Suez Concession to the Egyptian General Petroleum Corporation.“The Gulf of Suez concession will always be a proud part of our history in Egypt…
An oil production and storage vessel exploded off the coast of Nigeria early on Wednesday with 10 crew members on board though it was not yet clear if there were any casualties or how much crude might have spilled into the sea.Nigeria's Shebah…
Scana's PSW Technology has signed an exclusive license agreement with global oil service provider Cameron, a subsidiary of Schlumberger company.The agreement, which is the first in Norway for both Cameron and PSW, allows PSW to carry out recertifications…
Shell boosted its dividend and share repurchases on Thursday after its fourth-quarter profits soared to $6.4 billion on the back of higher oil and gas prices.Shell, which moved its headquarters from The Hague to London last month, said it expected…
OPEC+ agreed on Wednesday to stick to moderate rises in its oil output, two sources from the group said, despite pressure from top consumers for a bigger increase in supply after crude prices hit seven-year highs.The Organization of the Petroleum Exporting Countries and allies led by Russia…
Norway has approved plans to develop several Equinor-operated gas and condensate discoveries in the Norwegian Sea, the ministry for petroleum and energy said on Wednesday.Equinor and its partners plan to invest 6.5 billion Norwegian crowns ($742…
W&T Offshore has completed the acquisition of shallow-water U.S. Gulf of Mexico oil and gas fields from ANKOR E&P Holdings Corporation and KOA Energy LP, ahead of schedule.The oil firm has bought oil and gas producing properties in Federal shallow…
Sweden's Lundin Energy reported on Tuesday a bigger-than-expected rise in operating profit for the final quarter of 2021 amid a surge in the price of crude oil and natural gas.Lundin's earnings before interest and tax (EBIT) for October-December rose to $1…
Exxon Mobil Corp on Tuesday reported a fourth-quarter profit of $8.87 billion, its largest in seven years, as the top U.S. oil producer benefited from strong energy prices.The company slashed spending after fuel demand cratered two years ago and…
Subscribe
