Arcius Energy, a joint venture between BP and ADNOC, has taken a final investment decision to develop the Harmattan gas field in Egypt’s El Burg Offshore concession.The investment, estimated at approximately $500, marks one of Arcius’ first…
Oil supply disruptions from the Middle East will rise in April and begin to impact Europe's economy as the closure of the Strait of Hormuz severely curbs supplies, International Energy Agency head Fatih Birol said on Wednesday.More than 12 million…
Shell is in advanced talks with Venezuela's government to develop four large areas near Trinidad and Tobago, in two of the South American country's largest offshore natural gas fields, two people familiar with the discussions said.The London…
BW Energy has signed a sale and leaseback agreement with Minsheng Financial Leasing (MSFL) for the Jasmine Alpha jack‑up drilling rig.BW Energy will receive an $80 million cash consideration, strengthening financial flexibility while maintaining continued access to the unit…
Chevron said on Tuesday that downstream assets at its Wheatstone liquefied natural gas plant in Western Australia suffered extensive cyclone damage, leaving both production trains offline.Danny Woodall, Chevron's director of operations and maintenance for Australia…
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