Venezuela is preparing to boost its crude oil production using diluents imported from Iran, Reuters reports, citing unnamed sources and company documents.
U.S.-based oil and gas company Kosmos Energy said on Wednesday that it agreed to sell some of its exploration assets in Africa and South America to a unit of Royal Dutch Shell for up to $200 million.
The U.S. President, Donald Trump on Tuesday announced an expanded ban on offshore oil development near the coasts of Florida and the southeast U.S. as he made a case for his environmental record in the must-win Sunshine State.
French energy group Total has resigned from Brazil offshore oil project. Total on Monday said it resigned from its role as operator of five exploration blocks in the Foz do Amazonas Basin, 120 kilometres offshore Brazil.
OPEC’s current third-largest producer, the United Arab Emirates (UAE), increased its oil production in August to above its quota as per the OPEC+ deal as electricity demand soared in the summer.
Neptune Energy has extended the contract for the Deepsea Yantai semi-submersible offshore drilling rig until late 2021. The Deepsea Yantai rig is owned by China’s CIMC and managed by the Norwegian drilling contractor Odfjell Drilling.
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud said on Sunday that Saudi Aramco has discovered two new oil and gas fields in the northern regions.
After facing a disappointing seismic campaign, Norway's Equinor has decided to drop its extensive exploration acreage offshore South Africa to focus on more attractive upstream assets.
The European oil major Shell has decided to drop out of multibillion Energy Transfer's Lake Charles LNG project with Dallas pipeline operator Energy Transfer. The announcement comes a week after Shell cut $5 billion from its...
The world’s biggest oil producer Saudi Aramco reshuffled its senior management and created a division focused on “portfolio optimization,” as it adapts to low crude prices and seeks new ways to raise cash.