Occidental Petroleum Corp Chief Executive Vicki Hollub said on Tuesday she opposes a carbon tax, an idea that has gained the backing of large rival oil companies and some trade groups.'A carbon tax would be bad for a lot of the industry, a carbon…
U.S. oil and gas major Chevron has signed a deal with Japan's Hokkaido Gas Co., Ltd. for the delivery of liquefied natural gas (LNG) from Chevron’s global LNG portfolio to Japan's Hokkaido area.Under the agreement, Chevron will supply Hokkaido…
Offshore drilling company Maersk Drilling has won a contract with Shell Malaysia for drillship Maersk Viking.Under the contract, the 7th generation drillship will drill four development wells at the Gumusut-Kakap field offshore Malaysia. The contract is expected to start in December 2021…
The move by the OPEC+ group of oil exporters to ease their output restrictions from May onwards is effectively a bet that the current soft demand for crude will improve at the same pace as production returns.If history is a guide, it will be extremely difficult to get that balance correct…
Israel’s Delek Drilling is in talks to sell its stake in the offshore natural gas field for up to $1.1 billion, financial news website Calcalist reported on Monday.Delek owns a 22% stake in Tamar, one of Israel’s main energy sources, which it…
Oil firm Masirah Oil, a subsidiary of Rex International, has said it has completed its program near the Yumna Field, in the Arabian Sea, offshore Oman. The campaign included two development wells and three exploration wells.The first prospect…
BP expects to reach its $35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlier-than-expected proceeds from disposals and a 'very strong' quarter.The company, which had a debt pile of $39 billion at the end of 2020…
Oil fell to below $64 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States and expectations of a wider demand recovery in 2021.The Organization of the Petroleum Exporting Countries and allies…
The conversion of a VLCC into an FPSO bound for Woodside's Sangomar project in Senegal has recently kicked off in China, the Australian oil firm said in a recent report.The 323 meters-long very large crude carrier (VLCC) Astipal in February arrived in China…
French oil and gas group Total said it would not stop producing gas on its Yadana fields in Myanmar as long as operations remained safe, in part to protect employees there who might otherwise risk repercussions from the military junta.Total…
State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday…
U.S. exports of liquefied natural gas (LNG) to China, Japan, and South Korea, the biggest importers of the fuel, have surged to record highs in recent months as the heavily industrialized region recovers from the COVID-19 pandemic, Eikon trade data shows…
Malaysia's state energy firm Petronas said on Friday that its Myanmar unit had declared force majeure on its Yetagun field on Thursday due to depletion of gas production.The decision came after challenges that resulted in the production rate…
Malaysia, through its national oil company Petronas, on Monday today formalized a Unitisation Agreement (UA) with the Government of Brunei Darussalam for the Gumusut-Kakap and Geronggong-Jagus East fields which straddle along the Malaysian-Brunei maritime boundary…
Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports.McCaul bases his assessment on data in a new floating…
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