Indonesian energy company Medco Energi Internasional MEDC.JK (MedcoEnergi) will raise its capital expenditure by nearly 50% to about $370 million this year, with a bigger portion allocated to oil and gas development, a company director said on Thursday…
Japan's Inpex on Thursday forecast a 38% fall in net income to 270 billion yen ($2 billion) and a 19% fall in sales to 1.9 trillion yen this year, hit by lower oil prices and a stronger yen. The country's top exploration and production company…
Australia's Santos Ltd said on Thursday that gas production from its John Brookes platform in Western Australia has resumed, following an over two-month long outage, with operations expected to ramp up to full rates in the coming days.Around late November last year…
Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia's invasion of Ukraine reshaped global energy markets and, in some cases, the industry's climate ambitions…
ONGC Videsh (OVL) Ltd, the overseas exploration arm of India's Oil and Natural Gas Corp, is looking for exploration and production investment opportunities in Africa and Latin America, such as in Ghana and Surinam, managing director Rajarshi Gupta said…
Iran signed a $900 million contract on Saturday with Iranian Offshore Engineering and Construction Co (IOEC) to develop the first phase of its Kish offshore gas field in the Gulf, state television reported. Under the contract, IOEC is to launch…
Woodside Energy Group and its partners on Monday formally committed to working rapidly to pick the best option for developing the Greater Sunrise natural gas field, factoring in for the first time the potential benefits for East Timor. The Sunrise Joint Venture…
All 47 offshore wind turbine generators have been installed at the Formosa 2 offshore wind project the 376MW Formosa 2 offshore wind project off the coast of Miaoli in western Taiwan.The last wind turbine was successfully installed on January 31…
The Russian General Prosecutor's Office is asking a court to recover 15.5 billion roubles ($220 million) in allegedly unpaid taxes from U.S. oil major ExxonMobil , local news agencies TASS and Interfax reported on Tuesday citing court documents…
Malaysian oil and gas company Petronas said Friday it had recently signed two agreements with U.S. major ExxonMobil to jointly pursue Carbon Capture and Storage (CCS) projects in Malaysia.Petronas and ExxonMobil have committed to defining the next steps…
Taiya Renewable Energy (TRE), an offshore wind power developer in Taiwan, said Thursday it would bid for the second phase of wind power zonal development and floating demonstration project in 2023.Taiya has invited local and foreign investors…
International Energy Agency (IEA) head Fatih Birol said on Thursday that energy markets could be tighter in 2023, adding he hoped prices would not rise further in order to ease the pressure on energy-importing developing countries.'I wouldn't be too relaxed about the markets…
South Korea's Samsung Heavy Industries said Wednesday it had signed a memorandum of understanding with Malaysia's MISC to jointly develop floating CO2 storage units.The Floating CO2 Storage Unit (FCSU) is a new concept of offshore unit that…
BASF will take a 7.3 billion euro ($7.9 billion) writedown as its Wintershall Dea energy business pulls out of Russia, the German chemicals giant said, triggering a net loss for 2022 and sending its shares lower. Wintershall Dea has deep ties to Russia…
Indonesia's oil and gas lifting last year came in below target due to unplanned shutdowns and maturing blocks, but exploration and production investment is poised to take off, the country's upstream regulator SKK Migas said on Wednesday.Indonesia's crude oil lifting stood at 612…
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