Cenovus Energy reports Q4 profit and revenue down from year ago
CALGARY — Cenovus Energy Inc. reported its fourth-quarter profit and revenue fell compared with a year ago as it saw…
International
‘Significant milestone’: Yinson Production acquires Stella Maris
Purchase of CCS player expands FPSO contractor’s presence in the emerging low-carbon market Singapore-headquartered FPSO specialist Yinson Production has successfully…
International
Over 70 blocks picked for oil, gas exploration
Federal Minister for Petroleum Dr Musadik Malik has said that after a decade 40 new offshore and 31 onshore blocks…
International
Noble rig quartet’s drilling gigs contribute to total backlog of $5.8 billion
U.S. offshore drilling contractor Noble Corporation has won drilling assignments for four floaters with Tullow in Ghana, Petronas in Suriname,…
International
CNOOC starts production at Buzios7 project in Brazil’s Santos Basin
The Búzios field is set to become Petrobras’ top producer, with 2mbbl/d by 2030. China National Offshore Oil Corporation (CNOOC)…
International
BP plans new wells for Shah Deniz
Azerbaijan aims to double gas exports to the EU to 20 billion m3/y by 2027 under a 2022 agreement. BP…
International
Validus Energy to acquire 89 Energy III for $850m
The acquisition will solidify Validus Energy’s position as one of the largest private players in the US mid-continent oil region.…
International
Chevron Announces Layoffs Affecting Up to 8,000 Workers: ‘Stronger Long-Term Competitiveness’
Chevron announced internally on Wednesday that it would lay off up to 20% of its workforce in the next few…
International
Brazil’s Petrobras Looks to Africa for Oil Reserves Boost
Brazil’s Petrobras wants to buy stakes in African oil assets, mainly in Angola, Namibia and South Africa, to boost its…
International
Total, Aker BP seek bigger stakes in giant Equinor oilfield
TotalEnergies, opens new tab and Aker BP, opens new tab are seeking an independent review of their stakes in Equinor’s,…
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