US producers in the Gulf of Mexico shut in about 1.3 million barrels per day of oil production and 1.1 billion cubic feet per day of natural gas as Hurricane Isaias blew through the corridor ahead of an expected landfall somewhere between southern Alabama and the Florida Panhandle later this week.The shut-ins represent roughly 63% and 57% of US oil and natural gas production in the Gulf, respectively…
Oil prices rallied over $2 a barrel on Thursday after more Houthi attacks in Saudi Arabia stoked concerns over a broader escalation of conflict and further disruptions to crude supplies from the world's key exporting region.Brent crude futures LCOc1 climbed$2…
Chevron is exploring the sale of some of its older oil and gas assets in the US Gulf, the company confirmed to Reuters, part of an effort to focus on high-growth developments in the region.The energy producer is in the early stages of a multi…
TechnipFMC and BP have signed a memorandum of understanding (MoU) to explore cooperation on the supply of high-pressure subsea production systems for BP's Paleogene oil developments in the U.S. Gulf.The agreement, announced on October 20, establishes…
Oilfield service companies including Weatherford International, Baker Hughes, Halliburton and SLB are advertising dozens of jobs in Venezuela, according to company websites, an early sign that a Washington-backed plan to rebuild the country's energy industry is gaining traction…
ACCIONA has been selected as development partner for a transmission network designed to connect up to 2 GW of offshore wind capacity to the electricity grid in Australia's Victoria state.Under a concession agreement, ACCIONA will be responsible for developing…
Oil markets initially treated the Iran war as a brief bullish disruption in a long-term bearish trend. But traders are now betting that oil prices will remain elevated through 2028, forcing a rethink of the global inflation outlook.Eight months into the war…
US oil major Chevron is on track to deliver the first gas from its offshore Aseng gas project in Equatorial Guinea in 2028, a senior company executive said on Wednesday.Equatorial Guinea is aiming to bolster its dwindling gas production, which threatened its LNG exports…
Iran is deploying new tactics to target ships sailing through the Strait of Hormuz as it seeks to keep oil prices high and influence the US midterm elections, two senior Iranian officials told Reuters.Tehran has tried to exert control over the…
ExxonMobil has told Guyana it will need more offshore gas to maximize oil production than the government had expected, potentially leaving less for liquefied natural gas production and exports, two people close to the talks said.Guyanese officials…
Energy data company TGS has signed a framework agreement with newly established Galdor Exploration to use artificial intelligence (AI) and integrated subsurface data to identify exploration opportunities on the Norwegian Continental Shelf and across the wider North Sea region…
Several top energy executives were dropped from the schedule of the WPC Energy Congress in Riyadh, as Saudi authorities pressed ahead with the event despite deadly attacks on the capital claimed by Yemen's Iran-aligned Houthis.The chief executives of ExxonMobil…
EnerMech has secured a contract by Subsea7 to provide pipeline and subsea pre-commissioning services for the Ginger offshore development project in Trinidad and Tobago.The contract covers testing, flushing, hydrotesting, water filling, leak…
Shell and Chevron said on Wednesday they were curtailing offshore operations in the Gulf of Mexico as Tropical Storm Isaias approached the region.Shell said it was evacuating all personnel and shutting in production at its Mars, Olympus, Ursa…
Oil prices climbed on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude.Brent futures LCOc1 rose 81 cents…
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