Brazil's Petroleo Brasileiro SA on Tuesday reported a surge in third-quarter net profit that still lagged forecasts as oil prices rose but spending at the state-owned company jumped.Petrobras made a net profit of 6.644 billion reais ($1.78 billion)…
North Sea operator Serica Energy has struck a deal with commodities giant BHP Billiton to up its stakes in two North Sea fields, taking it above 90 per cent ownership of the assets.Under the a sale and purchase agreement (SPA), Serica UK will acquire a 16…
Norway’s Uptime International has entered into two new contracts with compatriot vessel provider Island Offshore.'Island Clipper has secured a three-year agreement with Equinor as combined PSV and walk to work vessel. The vessel will be equipped with battery package…
Norwegian shipping company GC Rieber Shipping has entered into a time charter agreement with a European offshore client for the CSV Polar Queen for a fixed period of four months with options to extend by up to one month.A press note from the…
Oil and gas exploration and production company Kosmos Energy said that it has entered into a strategic alliance with Shell Exploration Company B.V. to jointly explore in Southern West Africa.Initially, the alliance will focus on Namibia, where…
U.S. oil and natural gas producer Occidental Petroleum Corp beat quarterly profit estimates on Monday, benefiting from a surge in production in the Permian Basin and higher prices.The company, which has been investing heavily to boost production in Permian…
Oil production in Brazil fell 5.9 percent in annual terms to an average of 2.486 million barrels per day, the nation's ANP oil regulator said on Monday.In a statement, the ANP said natural gas production fell 0.9 percent year-over-year to an average of 113 million cubic meters per day…
Algeria's Sonatrach on Monday signed a contract worth $248.5 million with Italy's Maire Tecnimont Spa to build a fourth liquefied petroleum gas (LPG) train at the Hassi Messaoud gas field, Sonatrach's chief executive said.The Italian firm had announced a preliminary deal in September…
Teekay LNG’s first floating storage unit (FSU) has been delivered to charterer Bahrain LNG.The vessel Bahrain Spirit was delivered from the shipyard in South Korea at the end of August, before going on hire on September 19, 2018.The FSU will…
The Government of India, acting through the Directorate General of Hydrocarbons, Ministry of Petroleum and Natural Gas has granted its approval for a 10-year extension of the Production Sharing Contract (PSC) for Vedanta subsidiary Cairn, Oil & Gas at the onshore Rajasthan Block RJ-ON-90/1…
Seven remaining wells are expected to be online at Libya's Bahr Essalam offshore gas field by the end of the year, the Libyan National Oil Corporation (NOC) said in a statement on Sunday.The statement came after a meeting between NOC Chairman Mustafa Sanalla and Eni CEO Claudio Descalzi…
Abu Dhabi state-owned oil producer ADNOC plans to increase oil production capacity to 5 million barrels per day by 2030, the emirate's crown prince said in a tweet.Abu Dhabi's 'Supreme Petroleum Council approved AED 486 billion ($132.33 billion) in capex to support ADNOC's 5-year growth plans…
Israel will tender off 19 new offshore blocks to oil and gas companies, its energy ministry said on Sunday, hoping to rebound from a disappointing bidding round a year ago.Israel discovered in 2009 that it had large reserves of natural gas off its Mediterranean coast…
The United States has granted exemptions to eight countries allowing them to temporarily continue buying Iranian oil, Secretary of State Mike Pompeo said on Monday, as Washington reimposed sanctions on Iran's banking, energy and shipping industries…
French energy group Total and Sempra Energy have signed a memorandum of understanding on the north American liquefied natural gas (LNG) market, which could see Total acquire a further stake in the sector.The deal could see Total take a contract…
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