The North Sea oil and gas firm has reported a fall in profits and revenue for the six months to June 30, hit by impairment charges, lower production and a slump in oil and gas prices.
An Exxon Mobil consortium’s crude output in Guyana has been fully restored at two floating production facilities after workers completed a natural gas pipeline tie-in, a company spokesperson said on Monday.
New Zealand said on Monday it would pass laws by the end of this year to reverse a ban on offshore oil and gas exploration, and take urgent steps to remove regulatory hurdles to import liquefied natural gas (LNG) amid energy shortages.
Indonesian authorities have approved Eni’s plan of development (PoD) for the Geng North and Gehem gasfields in the Kutei Basin, the Italian major announced on Friday.
Two officials revealed on Tuesday that Iraq will split earnings with British Petroleum (BP), a British multinational oil and gas company headquartered in London, and boost the development of oil and gas reserves in the northern Iraqi governorate of Kirkuk.
Norwegian energy giant Equinor has decided to close its Hanoi office and pull out of Vietnam’s offshore wind market.
When the Nigeria National Petroleum Company Limited (NNPC Ltd) began oil exploration in the North about two years ago under former President Muhammadu Buhari’s administration, it not only came as a sigh of relief for the region but a sign of progress for a country whose oil exploration has been in the southern part.
Namibia has ambitions to become one of the largest oil producers in Africa by 2035, with an average output of half a million barrels daily, displacing Egypt in the top five list, a government official has said.
Eni has finalized the divestment of its onshore oil and gas exploration and production subsidiary in Nigeria to local player Oando PLC for nearly $800 million.
In January this year, ONGC had started producing oil, which is converted into fuels like petrol and diesel in refineries, from the KG-DWN-98/2 or KG-D5 block.