Delays at the Rosebank oilfield, now expected to push first production to at least 2027, have put a spotlight on stocks tied to North Sea projects.
MODEC said it will supply a SOFEC internal turret mooring system for the Coral Norte floating liquefied natural gas (FLNG) project offshore Mozambique.
A floating storage and offloading (FSO) unit has left a shipyard where it was undergoing construction and set sail toward an oil field off the coast of Vietnam, Southeast Asia.
South African upstream oil and gas company PetroSA is investigating the possibility of restarting operations at a Mossel Bay gas-to-liquid fuel plant.
Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) is pleased to provide the following update on activities across its portfolio:
Tullow Oil plc (Tullow) is pleased to announce that its wholly owned subsidiary, Tullow Overseas Holdings BV (TOHBV), has agreed to increase the consideration for the shares in Tullow Kenya B.V. sold to Auron Energy E&P Limited by a further $9 million.
A Greek-owned liquefied natural gas carrier was involved in an “incident” in the Strait of Hormuz at the end of last week while exiting the waterway, the owner company said in a statement, as quoted by Reuters.
Kuwait produced 1.971 million barrels of crude oil daily in July, Reuters has reported, citing unnamed sources. That was up from 1.65 million barrels daily in June, the report noted, which in turn was up from just 580,000 barrels daily in May.
Abu Dhabi National Oil Co., the UAE’s state oil company, said it would change how it prices its crude oil grades, months after wild swings in the benchmark it has been using to underpin its sales.
Oil prices fell sharply in early Asian trade on Monday after President Trump called off another round of military strikes on Iran, raising hopes that a diplomatic route to reopening the Strait of Hormuz and averting a broader regional conflict could be found.