OPEC+ is discussing a further easing of oil output cuts from August as oil prices rise on demand recovery, but no decision had been taken yet on the exact volume to bring back to the market, two OPEC+ sources said on Tuesday.The Organization of the Petroleum Exporting Countries and allies…
Russian liquefied natural gas producer (LNG) Sakhalin Energy said on Monday a planned shutdown on its Piltun-Astokhskaya-B (PA-B) offshore oil and gas production platform had been successfully completed.The PA-B platform was the first this year…
Iran could quickly export millions of barrels of oil it is holding in storage if it reaches a deal with the United States on its nuclear program and has been moving oil into place to prepare for an eventual restart, four traders and industrial sources said…
Countries in the oil-exporting Gulf will remain heavily dependent on hydrocarbon production for at least the next ten years as efforts to diversify economies have made limited progress since the 2014-2015 oil price shock, Moody's said.Reliance…
The first storm to hit oil-producing regions of the U.S. Gulf of Mexico this year sent workers fleeing offshore oil platforms and cut some production.A weather disturbance in the central Gulf of Mexico was expected to become a tropical storm on Friday…
Norway's oil and gas production exceeded official expectations in May, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.Crude oil output declined 4.2% from April to 1.654 million barrels per day (bpd) in May, while the NPD's forecast for the month had stood at 1…
Oil and gas company Taqa has filed plans for the decommissioning of the topsides of the Cormorant Alpha platform in the North Sea.The Cormorant Alpha platform is located in Block 211/26 of the Northern North Sea (NNS), approximately 103 km…
Romanian oil and gas company Romgaz said Friday it had signed an exclusivity agreement with ExxonMobil, in relation to Exxon's planned sale of rights in an offshore block in the Romanian part of the Black Sea.As previously reported, Romgaz in…
A tax package to support Norway’s oil and gas industry as Covid hit looks set to yield “a wave of developments and projects” adding up to investment worth NOK350-400 billion ($41-47 billion) and equivalent to one and a half the size of the Johan Sverdrup field…
Italian oil and gas company Eni said Thursday it had signed an agreement with SKK Migas for cooperation on exploration activities in Indonesia. The memorandum of understanding defines the framework for further cooperation in the processing and…
Norwegian oil firm Equinor and its partners have agreed to extend the life of the Heimdal field platforms in the Norwegian part of the North Sea for longer than previously expected.The Heimdal field was discovered in 1972. It started production in 1985…
Operators have called for greater certification and ‘provenance’ of oil and gas production and encourage competition when it comes to lowest emission barrels as they position their businesses to align with the energy transition.Speaking at the…
Activity on the Norwegian Continental Shelf (NCS) is going to be high in the next few years, but views on the longer-term outlook differ as the balancing act over demand for energy and a need to reduce emissions – at an ever greater pace – is played out…
Offshore installation company McDermott has won a contract with oil firm BHP for a marine installation campaign for the Shenzi Subsea Multiphase Pumping Project (SSMPP) in the U.S. Gulf of Mexico.The project is located around 138 miles (222…
Lundin Energy has sold an oil cargo certified as carbon neutral at the point of production to South Korean refiner GS Caltex in the first such sale of crude from Norway's Johan Sverdrup field, the Swedish company said on Wednesday.Oil companies…
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