Decision made by partners to study future reservoir management plans as a precautionary measure
Chevron Corporation (NYSE: CVX) is delivering strong financial results and progressing the projects that will drive the next significant growth phase, executives said today at the company's annual security analyst meeting in New York.
Total today signed a comprehensive Memorandum of Understanding (MOU) with Kuwait Petroleum International (KPI)1 and Petrochemicals Industries Company (PIC)2, two wholly owned subsidiaries of Kuwait Petroleum Corporation.
Chevron today renewed its request of authorities in Ecuador to investigate the overwhelming evidence of fraud tainting the Lago Agrio lawsuit after the Associated Press and Ecuador's El Universo newspaper revealed that Nicolás Zambrano, the judge who issued the $18.2 billion judgment against Chevron, has been dismissed from the bench
Total today announces that it has acquired from Oil Search a 40% interest in the Block 3 exploration license in Yemen, which it will operate.
Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Thursday that the company had started pumping oil from the first of two deepwater oil fields in the U.S. Gulf of Mexico in late February.
Aker Solutions announced Tuesday that it has been awarded a contract by Statoil to deliver replacement and upgrading of drilling equipment and systems on the Snorre A platform in the North Sea.
Technip, in partnership with Daewoo Shipbuilding & Marine Engineering (DSME), announced Tuesday that it has been awarded a contract for the Hejre field development project, offshore Denmark, by Dong E&P and Bayerngas.
El Paso Corp. reported late Feb. 24 it had entered into a definitive agreement to sell its exploration and production business, EP Energy Corp., for $7.15 billion to affiliates of Apollo Global Management LLC and Riverstone Holdings LLC, who are joined by Access Industries Inc. and other parties.
A senior Shell executive has called for "decisive action" to recalibrate the Emissions Trading System (ETS), as a key European Parliament committee prepares to vote on a 'set-aside' of EU allowances in a bid to raise the carbon price.
French energy group Total is a partner in two major LNG projects in Australia.
BP Plc investors said progress toward a settlement with the victims of the Deepwater Horizon disaster signals a share-price rebound, closing the $44 billion gap with the company's value before the worst U.S. oil spill.
BP and the Plaintiffs’ Steering Committee (PSC) confirmed that the U.S. District Court has today adjourned the start of the Deepwater Horizon Multi-District Litigation 2179 civil trial by one week, until Monday, March
Statoil (OSE: STL, NYSE:STO) together with operator Repsol Sinopec and partner Petrobras has confirmed a high-impact discovery (*) in the Pão de Açúcar prospect offshore Brazil.
Norway's Statoil and partner ExxonMobil have confirmed that the Zafarani-1 well in Block 2 offshore Tanzania has encountered indications of natural gas in a good quality reservoir, Norway Post reported on 18 February.
Total, operator of Block OML138, announces the start-up of production of the offshore Usan field in Nigeria
Further expanding its presence in Australia's liquefied natural gas (LNG) sector, GE Oil & Gas has received a contract of more than $150 million from Apache in Australia to supply subsea equipment for the Julimar Development Project, located offshore near Dampier in Western Australia
Statoil (OSE: STL) (NYSE: STO) and partner ExxonMobil have made a large gas discovery offshore Tanzania in the first exploration well in Block 2.
Further expanding its presence in Australia's liquefied natural gas (LNG) sector, GE Oil & Gas (NYSE: GE) has received a contract of more than USD$150 million from Apache in Australia
it has successfully drilled a second well in a field off of the U.S. coast in the Gulf of Mexico.