Suriname's Staatsolie has approved the commercial declaration of the Sloanea gas discovery by Malaysia's Petronas at one of the country's most promising offshore areas, Block 52, the state-run company said on Thursday.The declaration follows…
Dutch oil and gas services company SBM Offshore increased its annual earnings outlook for the second time this year on Thursday, lifting its shares, as operating performance improved.The Amsterdam-listed company reported a 26% increase in its directional revenue to $3…
Ocean services provider DeepOcean has been awarded a contract by Equinor to provide various subsea construction and installation activities as part of the Snorre Export and Import Gas Project (SNEIG) for offshore execution in 2026.The SNEIG project is part of the broader Snorre Expansion Project…
AGR resourcing services business, part of the ABL Group, has entered into a five-year frame agreement to deliver technical personnel and workforce to Vår Energi.Vår Energi is a leading independent upstream oil and gas company on the Norwegian continental shelf (NCS)…
BP is in active negotiations with investment firm Stonepeak over the sale of its Castrol lubricants unit, according to two people with knowledge of the situation, in what would be a major step in meeting the energy company's $20 billion divestment goal…
Petrobras’ P-79 floating production, storage and offloading (FPSO) unit has departed South Korea’s Hanwha Ocean shipyard bound for Brazil’s Búzios field, where it will add 180,000 barrels-per-day production capacity by 2026.The P-79 set sail on November 11 from Hanwha Ocean shipyard in Geoje-Si…
Offshore drilling contractor Northern Ocean and oil and gas firm Rhino Resources have signed a contract extension for Deepsea Mira semi-submersible drilling rig for work offshore Namibia.The contract for Deepsea Mira with Rhino Resources, signed in July 2025…
Nigeria will begin a fresh round of oil licensee auction from next month, the oil regulator said on Tuesday in London, as part of plans to revive idle assets and grow production.'We are announcing that we are ready, following the approval of…
Britain plans to ban companies from providing services such as shipping and insurance for Russian liquefied natural gas exports, in its latest attempt to help Ukraine in its war against Russia by trying to choke off Kremlin revenue.In October…
Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from its previous expectations of a speedy transition to cleaner fuels and predicting that the world will likely fail to achieve climate goals…
Equinor has closed the sale of a 40% operated interest in the Peregrino field in Brazil to PRIO. Following this transaction, PRIO assumes full operatorship of the field.Equinor has received a total payment of $2.33 billion for its 40% operated interest…
Occidental Petroleum beat Wall Street expectations for third-quarter profit on Monday, as higher production helped the U.S. shale producer counter weaker oil prices.U.S. oil and gas output rose to a record in August even as benchmark Brent crude…
NEO NEXT Energy, a joint venture between Repsol and NEO, has exercised its pre-emption rights over BP’s P111 and P2544 licenses, blocking Serica Energy’s proposed $232 million deal for the North Sea assets.Serica Energy said NEO NEXT, a license partner…
Greece agreed on Friday to import 700 million cubic metres of U.S. liquefied natural gas per year starting in 2030 in its first long-term deal with Washington, which seeks to replace Russian supplies to Europe.The 20-year deal aims to boost U…
Global investments in renewable energy aren't bearing fruit and the world should focus on securing reliable supplies of fossil fuels, U.S. energy and interior secretaries said this week as they worked on convincing Europe to buy more U.S. oil and gas…
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