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Oil major
Carbon Emissions
Chevron Sticks to Lower Budget Plans, Sets New Carbon Reduction Goals
U.S. oil major Chevron has reaffirmed its lower budget plans, doubled its savings estimate from the takeover of Noble Energy, and set new goals for reducing car…
Carbon Emissions
Total Leads Europe’s Oil Majors in Clean Energy Push
Total has had the fastest start in the race between oil supermajors to achieve net-zero carbon emissions.has had the fastest start in the race between oil super…
Oil&Gas Drilling
Oil Major BP Significantly Downsizes Oil Exploration Division
As part of its ambition to reduce oil and gas production and raise investments in clean energy, BP has been cutting staffing levels at its oil and gas explorati…
Oil Field
ConocoPhillips Makes ‘Significant’ Oil Discovery off Norway
Oil major ConocoPhillips has made what it says is a significant oil discovery in production license 891 on the Slagugle prospect located 14 miles north-northeas…
Oil&Gas Drilling
Equinor Drills Dry Well Near Tordis Field
Norwegian oil major Equinor has drilled a dry well near the Tordis field in the North Sea offshore Norway.
Hydrogen Project
Equinor Joins 10GW Shell-led Offshore-Wind-to-Green-Hydrogen Project
Oil major Equinor has joined Europe’s largest green hydrogen project, NortH2, which aims to produce one million tonnes of the zero-carbon gas annually using at…
Oil Field
ExxonMobil in Negotiations to Acquire Stake in India’s Oil and Gas Fields
US oil major ExxonMobil is reportedly in talks to acquire a stake in India’s producing oil and gas fields.
Oil&Gas Drilling
ConocoPhillips Starts Production from First Redevelopment of Shut-in Field in Norway
Oil major ConocoPhillips and its partners in the Tor Unit have started production from the Tor II project, which is located offshore Norway.
Oil Field
BP Starts Drilling Platina Field Offshore Angola
Oil major BP has begun drilling on the Platina field in Block 18 offshore Angola using Valaris’ DS-12 drillship.
BP Sells London HQ for Nearly $332 Million
Following reports that BP is preparing to sell its London headquarters, the oil major has now entered into an agreement for the sale of the HQ for £250.
Oil&Gas Drilling
Shell in Early Termination of Jack-up Rig Contract in Brunei
Oil major Shell has terminated early its contract for the Aban Offshore-owned jack-up drilling rig operating for the company in Brunei.
Shell Acquires Full Control of Chinese Gas Station Joint Venture
Royal Dutch Shell Plc has acquired full control of one of its gas station joint ventures in China as the oil major doubles down on the fuel retailing market in …
Oil&Gas Drilling
Total Boasts Second ‘Significant Discovery’ Offshore South Africa
French oil major Total has made a significant gas condensate discovery on the Luiperd prospect, located on Block 11B/12B in the Outeniqua Basin, 175 kilometres …
Oil Price
ConocoPhillips Becomes First Major U.S. Oil Firm To Pledge Emission Cuts
Unlike European oil majors – who have rushed to pledge various commitments to become net-zero energy companies – U.S. companies, including Exxon and Chevron, …
Oil Field
Petrobras Delays Parque Das Baleias Project to 2024
Brazilian oil major Petrobras has postponed the Parque das Baleias integrated project in the Campos basin by about one year.
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