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Oil project
Oil&Gas Drilling
Australia's Red Sky Cleared to Start Up Killanoola Oil
Australian oil and gas explorer Red Sky Energy has received approval from the South Australian state government to start production at its DW-1 well, part of th…
Oil Field
Exxon Expects to Fid Guyana's Sixth Oil Project by Q1 2024
The Exxon logo is displayed above the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York December 21, 2015. REUTERS/Lucas Ja…
Oil&Gas Drilling
Equinor 'More Optimistic' of Building Canada Offshore Oil Project
Equinor logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsThe head of Canadian …
Oil&Gas Drilling
Totalenergies Begins Drilling at Tilenga Oil Project in Uganda
TotalEnergies is the operator of the project. Credit: HJBC via Shutterstock.French energy major TotalEnergies has commenced commercial drilling at the Tilenga o…
Oil&Gas Drilling
Woodside Sanctions $7.2 Billion Deepwater Oil Project
Australia’s energy giant Woodside has made a final investment decision to develop a deepwater oil project in the Perdido basin in the Gulf of Mexico located 30…
Oil&Gas Drilling
Kuwait Oil Company to Invest $43 Billion on New Oil Projects, CEO Says
Kuwait intends to expand production by nearly 200,000 barrels per day
Energy Safety
Exxon, Guyana’s Environmental Agency in Breach of Oil-Spill Insurance
An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil project in Guyana in part due to errors by the environmental regulator, a G…
Energy Investment
U.S. Oil Majors Focus On Cost Discipline in Spending Plans
As Exxon and Chevron focus more on shareholder returns and less on speculative spending, they are both reining in investments in large international oil project…
Crude Oil
Exxon, Chevron to Spend Billions More on Oil Projects Next Year
The two largest U.S. oil companies - Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) - disclosed plans to increase outlays on energy projects next year amid h…
Crude Oil
Aker BP to Invest $19 Billion in Offshore Oil Projects in Norway
Norway’s oil and gas firm Aker BP approved plans to invest $19 billion in developing new projects offshore Norway by 2028, raising its initial capital expendit…
LNG
Australia’s Santos to Proceed With $2.6 Bln Alaska Oil Project
Santos Ltd will proceed with its $2.6 billion Alaskan oil project, the Australian energy producer said on Wednesday after posting a four-fold jump in first-half…
Crude Oil
Japan Intends to Keep Stake in Sakhalin-1 Oil Project - Industry Minister
Japan intends to keep a stake in the Sakhalin-1 oil and gas project in Russia, industry minister Koichi Hagiuda said on Monday, after Russia temporarily banned …
Oil Field
Green Light From TotalEnergies for Oil Project off Angola
France-headquartered energy giant TotalEnergies has taken a final investment decision (FID) to develop an oil development project located offshore Angola.
CNOOC
China's CNOOC to Raise up to $5.08 Billion From Share Issue
Chinese oil giant CNOOC Ltd said on Monday it will raise between 28.08 billion yuan and 32.29 billion yuan ($4.41 billion to $5.08 billion) by issuing new share…
Oil&Gas Drilling
APA, Sinopec to Recover $900MM of “Backlogged Costs” in Egyptian Project
APA Corp. and its Chinese partner in an Egyptian oil project will recover almost $900 million in prior investments under a new drilling contract with the North …
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