Gross discovered recoverable resource estimate for Stabroek Block increased to approximately 11 billion barrels of oil equivalent Discoveries at Barreleye, Lukanani and Patwa further underpin the development potential of the block NEW YORK–(BUSINESS WIRE)–Hess Corporation […]
McDermott International has joined a group of industry experts on the Bacton Energy Hub (BEH) project which includes hydrogen and CCUS. The UK North Sea Transition Authority (NSTA) is leading the BEH project, which could play a […]
Euronav, Frontline investors to hold 59% and 41% respectively Tanker market is recovering after Russia’s invasion of Ukraine Frontline Ltd. and Euronav NV are considering an all-stock merger that would produce the world’s biggest tanker fleet, just as […]
(Bloomberg) — Cnooc Ltd. is considering a sale of its U.K. North Sea portfolio, in what could be one of the biggest disposals in the aging basin by a foreign firm in recent years, people […]
(Bloomberg) — The Biden administration doesn’t anticipate selling offshore drilling rights in the Gulf of Mexico through at least October 2023, effectively stretching a delay in that activity to a third year, according to economic projections included […]
Oil and gas supermajor BP has announced the start-up of the Herschel Expansion project in the U.S. Gulf of Mexico. Herschel is the first of four major projects scheduled to be delivered globally in 2022. […]
We’re spending more on gasoline this month, and this year. In the first half of February, the price of the U.S. oil benchmark, WTI, climbed to an eight-year high of $95 per barrel, from $88. This rapid […]
Russian President Vladimir Putin reiterated on Feb. 15 after meeting German Chancellor Olaf Scholz that the Nord Stream 2 gas pipeline, which is still awaiting regulatory approval, is a “purely commercial” project which will strengthen […]
U.S. energy company Hess Corporation revealed on Monday that it has allocated a whopping US$2.6B towards its 2022 Exploration and Production budget. Interestingly, the American explorer said the majority of this expenditure will go towards […]
KYIV, Feb 8 (Reuters) – French President Emmanuel Macron, the first leader of a major Western power to meet Vladimir Putin since Russia massed troops near Ukraine, said on Tuesday he believed steps can be […]
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