The latest oil and gas news from around the world.
Updated: 28 min 8 sec ago
Aker BP's Hanz Field in Norway Starts Production
'It is the first time that production equipment has been re-used in a new field development on the NCS'.
Dryad Says Reports Indicate Iran Intends to Disrupt Strait of Hormuz
'Iran is likely to intensify its operations in more easily controlled territory, such as the Strait of Hormuz,' Dryad said.
Galp Announces 10B Barrel Hydrocarbon in Place Estimate at Namibia Prospect
'In the Mopane complex alone, and before drilling additional exploration and appraisal wells, hydrocarbon in-place estimates are 10 billion barrels of oil equivalent, or higher,' Galp said.
Eni UK, Ithaca Energy Agree to Merge
The merger is expected to potentially give Eni a leading position in the UK continental shelf.
Europa Oil Releases Updated Irish License Emissions Report
The emissions report reaffirms that gas from Inishkea West has the potential to 'eradicate the need for higher emissions intensity gas imports from the UK for up to 3 years'.
Equinor Completes Drilling of Appraisal Well in Wisting Discovery
Well 7324/7-4 showed good reservoir quality.
Investors Insist Woodside Climate Plans Need Revision
Major investors are opposing Woodside's climate plans and the chairman's reelection.
Halliburton Sees Best Profit in 12 Years Amid Smaller Shale
Halliburton posted its best earnings for a first quarter in a dozen years.
Oil Rises Above $83 on Risk On Sentiment
Oil gained as the prospect of looser monetary policy countered a decreasing premium for geopolitical risk.
Rystad Looks at USA Reimposition of Venezuela Oil Sanctions
'It again becomes illegal for U.S.-based companies to deal in Venezuelan oil,' Rystad notes.
Oil Market Sees Iran Sanctions Having Muted Impact on Exports
Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as soon as this week.
TotalEnergies to Acquire Remaining Stake in Malaysia's SapuraOMV
SapuraOMV's main assets are its 40 percent operated interest in block SK408 and 30 percent operated interest in block SK310, both located offshore Sarawak in Malaysia.
SLB Boosts Revenue in First Quarter, Cites OneSubsea JV
The energy technology firm's first-quarter revenue was recorded at $8.71 billion, a 13 percent increase compared to $7.74 billion in the same period last year.
Ten Charged in US Accused of Aiding Venezuela's PDVSA
One of those charged is a colonel in the Venezuelan military.
Are Cyber Attacks a Growing Threat to Oil and Gas Vessels?
'Regarding the threat, we have seen the landscape worsen considerably,' the Chertoff Group warned.
Aramco Eyes 10 Percent Stake in Hengli Petrochemical
Hengli Petrochemical, a subsidiary of Hengli Group, owns and operates a 400,000-barrel-per-day refinery and integrated chemicals complex in Liaoning Province.
Karoon Posts Boost in Production, Lowers 2024 Guidance
Driven by a full period of production from the Who Dat assets in the U.S. Gulf of Mexico (GOM), production rose 18 percent quarter over quarter.
North America Goes Back to Losing Rigs
North America dropped 12 rigs week on week, according to Baker Hughes.
Santos Posts Lower Sales for First Quarter
Santos collected $1.4 billion in sales revenue with 23.2 MMboe sold.
South Korea Puts into Service New Oil and Gas Import Terminal
A new oil and gas import and storage facility in the city of Ulsan received its first shipment of petroleum products, launching into commercial operation.
