Egypt’s petroleum ministry has signed an agreement for UK Petroleum giant British Petroleum (BP) and UAE investment fund Mubadala to buy a 45 percent stake in the country's Noor offshore natural gas concesion in the Mediterannean from Italy’s Eni…
Moroccan focused upstream gas company Sound Energy confirmed that the drilling at TE-10, the second well of a planned three exploration well campaign in Eastern Morocco, has commenced.The TE-10 well will test the North East Lakbir prospect in…
Petroleo Brasileiro SA's next CEO is already working within the Brazilian state-controlled oil firm and is talking with employees about business plans, four sources told Reuters.Roberto Castello Branco, named by president-elect Jair Bolsonaro's economic team to take the helm at Petrobras…
Chevron Corp plans to spend $20 billion next year on oil and natural gas projects, the second-largest U.S. oil producer said on Thursday in a statement, its first increase in four years.Its 2019 capital spending budget is at the high end of…
Polish state-owned power company Polska Grupa Energetyczna (PGE) has invited over a dozen parties to potentially cooperate with the company оn building up to 2.55 GW of offshore wind parks.The Polish power group said in a statement that it was…
MHI Vestas Offshore Wind will supply 100 turbines for the 950-megawatt (MW) Moray East offshore wind farm in waters off the northeast coast of Scotland.Under the contract, MHI Vestas will deliver one hundred of its V164-9.5 MW offshore wind turbines for the project in the Moray Firth…
Britain's Faroe Petroleum has agreed to swap oil and gas fields with Norwegian state firm Equinor as it fights a hostile takeover from Norwegian oil and gas operator DNO.It appears that Faroe in fight-back mode after DNO’s so-called ‘opportunistic’ bid…
EnQuest expects to produce about 20 percent more oil next year as the indebted British North Sea producer strives to recover from a series of minor setbacks at its flagship field.The company said on Wednesday it expected to produce between 63…
Talos Energy has spudded its Zama-2 appraisal well, beginning the Zama discovery appraisal program, which will consist of three reservoir penetrations, including two wells and one sidetrack.The Zama discovery, which is located in Block 7 in the Sureste Basin…
Norway's Equinor is ready to start talks with Tanzania on developing a liquefied natural gas (LNG) project based on a deepwater offshore discovery, the company said on Tuesday.Tanzanian President John Magufuli has asked his government to proceed…
Murphy Oil Corporation announced that it has closed its previously announced deal to form a Gulf of Mexico joint venture with Petrobras.The global independent oil and natural gas exploration and production company said in a press release that its wholly owned subsidiary…
Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) received the order for the 487 MW SeaMade offshore wind power project in Belgium from customer Seamade NV.The wind turbines and services provider said that it includes supply and commissioning of 58 units of the SG 8…
U.S. major ExxonMobil has made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels, reinforcing potential for at least five floating storage…
Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain 25 percent more recoverable oil than previously estimated, the companies said on Monday.Exxon and Hess Corp said more than 5 billion barrels…
A key ally of German Chancellor Angela Merkel on Monday raised questions about the future of the Nord Stream 2 gas pipeline amid growing concern about Russia's seizure of three Ukrainian ships and their crew off the coast of Russian-annexed Crimea…
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