This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
CNOOC has installed the largest and heaviest offshore platform at a field in the Bohai Sea, the company said today, boasting the facility was 22.8 The platform was installed at the Kenli field, at a depth of some 20 meters, which has proven reserves of some 100 million tons of crude oil. meters high and weighed over 20,000 tons.
Guyana's offshoreoil industry is set to take a major leap forward as the One Guyana floating production, storage, and offloading (FPSO) vessel readies its first export cargo. and China's state-run CNOOC.
Namibia, one of the latest exploration hotspots in the world, is weighing potential further incentives and financing options to offer to international majors preparing plans for oil production offshore the African country. However, without infrastructure in place, costs are higher for production development plans.
Shell has started first oil production from the next development phase of a deepwater oil project offshore Malaysia, the UK-based supermajor said on Friday as Europes largest oil and gas companies are pivoting back to strategies to boost output of fossil fuels.
(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. offshore production accounts for 14% of total U.S. According to the U.S.
Namibia expects Frances TotalEnergies and Norways BW Energy to take final investment decisions on oil projects offshore the African country in late 2026, a senior Namibian official says.
trillion oil fund, will buy 49% in two offshore wind farm developments of RWE for a total of $1.5 The agreed price for 49% of the two offshore wind projects, Nordseecluster in the German North Sea and Thor in the Danish North Sea, values the entire projects at around $3.1 The worlds biggest sovereign wealth fund, Norways $1.8
Newly discovered offshoreoil and gas deposits in Pakistans territorial seas could be brought to surface by Pakistan and Turkey. The two countries this week signed an agreement at the 2025 Pakistan Minerals Investment Forum in Islamabad to jointly bid on 40 offshore blocks.
Five years after an Exxon-led consortium produced the first oiloffshore Guyana, the country is pumping more than 600,000 barrels per day (bpd) of crude and has become South Americas fifth-largest oil exporter. Guyana and ExxonMobil expect oil production to jump to 1.3
XRG, the newly created energy investment firm of Abu Dhabis national oil company ADNOC, has taken a 38% stake in a production sharing contract for an offshore block of gas and condensate fields in Turkmenistan.
(Investing) – Citi analysts said Wednesday that oil prices may continue to benefit from elevated geopolitical risk premiums in the near term, but they warned that oversupply risks in 2026 could limit further upside.
Neighbouring Guyana has attracted attention from numerous international oil majors eyeing Caribbean oil and gas, which has, in turn, garnered greater attention in Trinidad and Tobagos energy sector.
Chevron confirmed Wednesday that a fire has injured at least 17 workers and left one missing on its Benguela Belize Lobito Tomboco (BBLT) offshore platform in Angola. The fire started on Tuesday, with details released to Reuters on Wednesday by Chevron subsidiary Cabinda Gulf Oil Company Ltd. CABGOC), which operates the platform.
(World Oil) – This first-of-its-kind deployment signals a step change in how safety and operational assurance can be managed in offshore wind, with WindSafe introducing real-time visibility, predictive analytics, and intelligent automation to enhance performance and reduce risk at scale.
supermajor Chevron has expressed interest in oil and gas exploration in two additional offshore blocks south of the Greek island of Crete, Greeces Ministry of Energy and Environment said on Wednesday.
Europes oil and gas giants are increasingly scaling back their climate goals as they struggle to deliver on their ambitious clean energy pledges. Equinor has also abandoned plans to invest in Vietnam's offshore wind sector, dealing a significant blow to the country's
supermajors ExxonMobil and Chevron regarding their rights to one of the worlds most lucrative oil projects. Guyanas Stabroek block has an estimated 11 billion barrels of oil in place discovered so far by the consortium of ExxonMobil, U.S. This week, a private arbitration panel in London began hearing the arguments of U.S.
(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation.
Libya will offer production sharing agreements to the successful bidders in its first oil and gas exploration bid round in 18 years, top Libyan oil officials said at an event in London on Monday.
Oil rallies again mainly on the war on Iran. Afentrra has bought more of offshore Angola and the Angus CEO has resigned. The post Oil price, Angus, Afentra, Star. Finally its the Star AGM satement. And finally… appeared first on Malcy's Blog.
After ExxonMobils swathe of world-class discoveries in Guyanas offshore Stabroek Block, the Guyana-Suriname Basin emerged as the worlds hottest drilling location. Suriname, a small country with a population of less than 700,000, which is among South Americas poorest, is believed to possess petroleum
Chinas state energy company CNOOC said today it had discovered a new oil field in the South China Sea that could contain over 100 million tons of crude oil, equal to around 733 million barrels. Dubbed Huizhou 19-6, the field is located some 100 miles offshore the province of Shenzhen.
The UK could produce about half of the energy it consumes locally, in the North Sea, the energy industry association, Offshore Energies, said this week, as quoted by the Financial Times. For that, however, the industry needs the right business conditions.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
A consortium of UK-based supermajor BP, Azerbaijans state oil and gas firm SOCAR, and Israeli company NewMed Energy on Monday signed a licensing agreement to explore for natural gas offshore Israel, the Energy Ministry of Israel said.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
TotalEnergies adquirió 25% de participación operativa en 40 concesiones offshore de Chevron en EE.UU., TotalEnergies ha anunciado la adquisición del 25% de participación operativa en una cartera de 40 concesiones federales offshore en Estados Unidos , previamente operadas por Chevron.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
New funding for projects in Scotland, Humberside, Teesside and Merseyside The investment in the UK offshore energy industry outlined in today’s Comprehensive Spending Review is progress towards a clearer picture of how the government will support homegrown energy. Domestic production is the path to energy security and economic growth.
Leading trade body Offshore Energies UK (OEUK) has today responded to the opening of a consultation that seeks views on increasing Scotland’s offshore wind ambition by to up to 40 gigawatts (GW) by 2040. Scotland’s current offshore wind capacity ambition is between 8 – 11 GW by 2030.
Chinese state-owned oil and gas giant CNOOC reported on Thursday an 11.4% rise in net profit for 2024, as record oil and gas production offset weaker energy commodity prices. CNOOC, which specializes in offshoreoil and gas developments in China and internationally, booked a net profit of $19 billion (137.9
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5
Guyanas oil output took a dip in March, sliding to 627,000 barrels per day (bpd) from Februarys 648,000 bpd, a new report from Reuters shows. Lets not forget: just five years ago, Guyana didnt even have a spot on the global oil map. Lets not forget: just five years ago, Guyana didnt even have a spot on the global oil map.
Natural Gas $3.98 +3.25% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Perenco Invests in New Offshore Infrastructure in Congo by Paul Anderson | Rigzone Staff | Tuesday, June 17, 2025 | 10:05 AM EST Perenco is building a new platform to recover approximately 7 million cubic feet of gas per day in the Kombi-Likalala-Libondo II permit area.
Chinese state-held oil and gas giant CNOOC booked lower net profit for the first quarter of 2025 as lower oil prices more than offset increased production. CNOOC, which specializes in offshoreoil and gas developments in China and internationally, reported on Tuesday a net profit attributable to equity shareholders of $5 billion (36.56
million barrels of oil equivalent. million barrels of oil equivalent. Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. million standard cubic meters of oil equivalent (approximately 30.8
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
China's state-owned oil and gas firm China National OffshoreOil Corporation (CNOOC) has brought on stream the Weizhou 5-3 oil field development project in Beibu Gulf Basin in the South China Sea…
offshore collaboration with Chevron beyond the existing partnerships in Ballymore (40 percent TotalEnergies) which achieved first production this year, Anchor (37.14 since 2022 to accelerate development in oil, liquefied natural gas and low-carbon power. The leases sit 175-330 kilometers (108.74-205.05
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content