Hurricane Energy has announced first oil at its Lancaster field off Scotland, the first such success for so-called fractured basement reservoirs in Britain and a major milestone for the company within its guided schedule.Hurricane specializes…
Open to all OMSA Members, the Committee Seeks to Further the Domestic Offshore Wind Industry and the Jones Act.New Orleans, LA – Today, the Offshore Marine Service Association (OMSA) announced the formation of the OMSA Wind Committee and announced…
Royal Dutch Shell on Tuesday said it expects to increase its dividend payouts to shareholders once it completes a $25 billion share buyback by the end of 2020.The world's second largest oil and gas company also expects its free cash flow - cash…
Oil and gas producer Occidental Petroleum Corp said on Tuesday the U.S. Federal Trade Commission has granted approval for its proposed $38 billion deal to buy Anadarko Petroleum Corp.The waiting period required for companies under the Hart-Scott…
Shipping of the first liquefied natural gas (LNG) cargo from the long-awaited Prelude floating production project in Australia is 'imminent', Royal Dutch Shell said on Tuesday.Prelude - the world's biggest floating LNG production unit and the…
Medium-sour crudes from the U.S. Gulf of Mexico are being snapped up by overseas buyers, paving way for a record six supertankers to load at the Louisiana Offshore Oil Port (LOOP) in a matter of weeks, according to people familiar with the matter…
Lower oil prices are starting to rebalance the oil market by slowing the rise in U.S. crude output and encouraging Saudi Arabia and its allies to extend production cuts through the end of 2019.U.S. crude production rose 241,000 barrels per day (bpd) to 11…
Australia is all set to become the world’s largest producer of liquefied natural gas (LNG) next year and to retain that position until 2024, when Qatar will reclaim the top spot, said a report by Rystad Energy'“Australia has no intention of relinquishing its hard-earned LNG crown without a fight…
French energy giant Total takes over the liquefied natural gas business of Japanese outfit Toshiba's Freeport LNG train tolling agreement and gains $800 million.The French oil and gas company will is paying $15 million for the shares in the Texan assets…
Chevron Australia and the Gorgon joint venture participants have started the Gorgon Stage 2 drilling campaign off the northwest coast of Western Australia.Gorgon Stage Two is an expansion of the existing subsea gas gathering network on the Chevron…
The National Ocean Industries Association (NOIA) announced that Randall Luthi will leave the organization next month, after serving as the group’s president for nearly 10 years. Luthi will return to his home state of Wyoming to serve as Chief Energy Advisor to Wyoming Governor Mark Gordon…
BP said on Monday it has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dubai-based Dragon Oil, as part of the supermajor’s plan to divest more than $10 billion in global assets over the next two years.Under the terms of the deal…
U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Monday it will build the sixth liquefaction train at its Sabine Pass LNG export terminal in Louisiana.Cheniere also said it expects to make a positive final investment decision as early as 2020 to add about 9…
Norway's oil and gas output could be cut by about 440,000 barrels of oil equivalents per day, or about 11% of total production, if workers go on strike from June 4, industry association Norwegian Oil and Gas (NOG) said on Monday.A government…
Oil production in the US Gulf of Mexico (GoM) is poised to set new records in the imminent future, said Rystad Energy.Royal Dutch Shell started producing oil and gas this month at its Appomattox platform in the deepwater GoM several months ahead of its expected startup in 3Q 2019…
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