Zimbabwe's President Emmerson Mnangagwa said on Thursday that Australia's Invictus Energy had found oil and gas deposits in the northern Muzarabani area of the country.Invictus Energy has agreed to enter a production sharing arrangement with Zimbabwe once the project reaches commercial production…
Royal Dutch Shell Chief Financial Officer Jessica Uhl said on Wednesday wages and services costs in the oil and gas industry around the world have started rising following a deep downturn since 2014.'We are seeing wage inflation and inflation…
Suncor Energy Inc , Canada's second-largest energy producer, does not need to reduce crude output as some of its peers are doing to cope with low prices, Chief Executive Steve Williams said on Thursday.Suncor, which has dedicated pipeline space for its crude as well as refineries in Canada…
Nigeria's state oil firm NNPC said it had signed a crude-for-product swap deal with oil major BP.In its brief statement on Twitter late on Wednesday, NNPC said more details would be provided later. BP and NNPC did not immediately respond to requests for comment on Thursday…
Iraq's oil exports from southern ports on the Gulf averaged 3.469 million barrels per day (bpd) in October, lower than the September average, the oil ministry said on Thursday.Iraq exported 3.560 million bpd of crude oil in September.Iraqi oil…
U.S. oil and gas producer Noble Energy Inc reported a better-than-expected quarterly profit on Thursday, as the company boosted oil production and sold at higher prices.Sales volumes from the company's U.S. onshore business, its biggest, rose 17…
State-owned refiner Hindustan Petroleum Corp Ltd posted a 37.1 percent fall in second-quarter profit on Thursday, dented by rising costs amid higher raw material and forex expenses.Net profit came in at 10.92 billion rupees ($148.62 million) in the quarter ended Sept…
U.S. oil refiner Marathon Petroleum's third-quarter profit missed Wall Street estimates on Thursday, as higher costs offset gains from cheaper crude.Marathon said total costs climbed 22 percent to $21.73 billion in the quarter ended September…
Royal Dutch Shell's profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback program.Although the $5.6 billion quarterly profit slightly missed forecasts for a fourth quarter…
London-based BP Plc BP has completed the $10.5-billion acquisition of BHP’s U.S. unconventional assets in a landmark deal that will significantly upgrade BP’s U.S. onshore oil and gas portfolio, in a move that upgrades and repositions its American onshore business…
MHI Vestas Offshore Wind, a joint venture of Mitsubishi Heavy Industries and Vestas Wind Systems, signed a conditional contract with CS Wind/Chin Fong the local manufacture of towers, as wind industry veteran takes the reins at newly formed entity in Taipei…
CorPower and Sustainable Marine Energy join forces for a wave and tidal developer collaboration to develop and demonstrate generic foundation mooring solution to reduce cost and improve O&M methods.The 35-month UMACK (Universal Mooring, Anchor…
Australian oil and gas production and exploration company Triangle Energy (TEG) has entered a farmout deal with fellow oil junior Key Petroleum to acquire a 50% stake in the Mt Horner oilfield in Western Australia’s Perth Basin.'The Board of…
Babcock International is celebrating the completion of its ‘first of its kind’ and the world’s largest liquefied natural gas (LNG) bunker supply vessel, M.V. Kairos, as it is delivered to Babcock Schulte Energy (BSE).BSE is a 50:50 joint venture…
The European Marine Energy Center (Emec) in Orkney, Scotland, will lead a project to support the development of wave and tidal power in coastal areas of north-west Europe.The project has been approved by Interreg Atlantic Area which will support…
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