Industry News

OneSubsea secured a contract from BP for a subsea boosting system in the greenfield development of the Kaskida project in the deepwater U.S. Gulf of Mexico.

Analysts at BMI, a Fitch Solutions company, flagged an 'upstream gas dilemma' for the Philippines.

Shell Plc kept up the pace of its share buybacks.

Chevron acquired a 60 percent operating stake in Uruguay's offshore AREA OFF-1 block, located in an area deemed to have similar geophysical properties with the Orange Basin in Africa.

MinRes is selling to Hancock Prospecting Pty. Ltd. two exploration permits that include what MinRes says is one of the biggest onshore gas discoveries in Western Australia.

Maria Agustina Patti, a Financial Markets Strategist Consultant to Exness, said oil futures 'stabilized to a certain extent'.

The FSRU is expected to be operational by the end of the decade.

'We think the two months before the presidential inauguration on 20 January 2025 potentially represents a window for an intensification of actions against Iran', Standard Chartered analysts said.

Gas transmission operators in Central and Southeastern Europe signed an agreement to work on harmonizing supply quality requirements as they prepare for the gradual abandonment of Russian gas, Gas TSO of Ukraine said.

The UK government went no further in toughening up the tax regime for North Sea oil and gas producers than measures already announced.

CNOOC Ltd. produced 542.1 MMboe in the first nine months, amid a flurry of startups in the South China Sea.

'This additional discovery at the Harald field will contribute to the Danish energy supply by boosting our existing production in the North Sea in line with the Danish National Compromise'.

Nigeria's upstream oil regulator found some issues with Shell's proposed sale of its onshore assets to a consortium of local companies but they should be resolved soon, said President Tinubu's special adviser on energy.

Europa reported a loss of $8.78 million for the 12 months to July as it recognized $ 6.44 million in exploration impairment.

Oil prices rebounded amid Middle East tensions and a decline in US crude stockpiles, with WTI climbing 2.1% and Brent 2% as traders anticipate OPEC+ production decisions.

The U.S. Energy Information Administration's latest fuel update showed a declining price trend for gasoline.

The $3 billion target is a floor, not a ceiling, according to Phillips 66 executives.

European natural gas fell as Goldman Sachs Group Inc. warned of downside risks to prices.

Europa Oil & Gas reported $8.79 million in negative profit for the 12 months to July as it recognized millions of dollars in impairments.

'This seems to be one of those times that the whole energy group is trading together', the strategist told Rigzone.