Saudi Arabia raised its main oil prices for buyers in Asia amid heightened volatility in the crude market as traders watch developments in the Middle East conflict.
BP has scrapped a previous target to reduce its oil and gas production by the end of the decade as the UK-based supermajor is pivoting back to its core hydrocarbons business to lift investor returns, Reuters reported on Monday, citing sources familiar with the plans.
Aker BP has proven the presence of gas in appraisal well 6507/2-7 S 230 kilometres offshore Sandnessjøen in the Norwegian Sea, the Norwegian Offshore Directorate announced on Thursday.
Brazil’s state-owned oil giant Petrobras has informed that the gas potential of the discoveries in the Gujaira Basin offshore Colombia is around 6 trillion cubic feet (Tcf).
Libya’s eastern-based government and Tripoli-based National Oil Corp (NOC) announced on Thursday the reopening of all oil fields and export terminals after a dispute over leadership of the central bank was resolved.
Equinor and its partners Petrolia Noco and PGNiG have started drilling the exploration well at Løvmeis prospect in the Norwegian Sea, using Transocean Encourage semi-submersible drilling rig.
A Turkish seismic research vessel plans to arrive off the coast of Somalia at the end of October and begin searching for oil and natural gas, after the countries agreed on energy cooperation, Turkey’s energy ministry said on Thursday.
A gas partnership could be on the horizon for Guyana and Suriname, as the two countries continue to deepen their relations.
Ithaca Energy completed a 754 million pound ($993 million) deal to buy nearly all of Eni’s UK oil and gas producing assets, it said on Thursday, an all-share transaction to create one of the biggest independent energy companies in the North Sea.
Mr Herbert Krapa, Minister of State, at the Energy Ministry says the country has reviewed aspects of the existing legal and regulatory framework to
attract new investments for exploration and production activities.