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Oil major
Crude Oil
U.S. Weighs Chevron Request to Take Venezuela Oil for Debt Payments
The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt.
Crude Oil
Shell Makes 'Encouraging' Oil Discovery Offshore Namibia
Shell and its partners have made what the oil major described as an "encouraging" discovery in a closely-watched exploration well off the coast of Namibia.
CNOOC
Chinese Oil Major CNOOC Targets Record High Production This Decade
CNOOC set its production target at 600 million to 610 million barrels of oil equivalent (boe) for 2022, up from the 2021 target of 545-555 million boe
Hydrogen Project
BP Announces Major Teesside Green Hydrogen Project
Oil major BP has announced its largest ever green hydrogen project, located in the northeast of England.
Oil Field
BP Brings Field Offshore Angola on Stream
Oil major BP has started production at the Platina field in Block 18, which is located in the Angolan offshore, approximately 140 kilometres northeast of Luanda…
Crude Oil
Brazil’s Oil Major Plans To Invest $68 Billion In Boosting Production
Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for …
Energy Investment
Chevron Invests in Australian Lower-Carbon Projects
The Australian unit of US oil major Chevron, the operator of the Gorgon LNG project, will invest $29 million investment in Western Australian lower-carbon proje…
Oil&Gas Drilling
ExxonMobil makes 20th Discovery on Stabroek as New Liza FPSO Heads to Guyana
U.S. oil major ExxonMobil has revealed a new discovery has been made at the Pinktail well in the Stabroek Block offshore Guyana.
Oil Exploration
Chinese Oil Major Sinopec Announces Oil, Gas Discovery
China’s state-owned oil and gas major Sinopec has struck oil and gas at a field in the northwestern province of Xinjiang, Reuters reports, adding that the rese…
Offshore Wind Power
TotalEnergies Eyes Stake in World’s Largest Offshore Wind Farm
TotalEnergies SE is weighing taking a stake in what will be the world’s largest offshore wind farm, according to people familiar with the matter, as the French…
Natural Gas
Shell Cheers First Gas from Trinidad and Tobago Gas project
Oil major Shell has started production from Block 5C in the East Coast Marine Area, also known as project Barracuda, located in Trinidad and Tobago, marking a m…
Angola
Angola Kicks Oil Privatization Into Overdrive
Angola is seeking buyers for state insurer ENSA as part of a privatization drive that also includes the partial sale of state oil major Sonangol.
Chevron has No Plans to Shrink Conventional Energy Business
U.S. oil major Chevron Corp CVX.N has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals
Offshore Wind Power
Oil Major BP Joins Consortium Seeking Wind Power off Norway
The consortium in which each partner will have a 33.3% stake plans to bid for offshore wind power projects in the Soerlige Nordsjoe II licensing area in the sou…
Oil&Gas Drilling
ExxonMobil Nearly Ready to Start up Guyana FPSO Compressor
Oil major ExxonMobil is preparing to start up a gas compressor on SBM Offshore’s Liza Destiny FPSO, operating offshore Guyana, this week following a technical …
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