Fossil Energy
Eni and Santos to collaborate on projects in Australia and Timor-Leste
Italy’s Eni and Australia’s Santos have agreed to cooperate on projects in northern Australia and Timor-Leste.
Petrobras kicks off bidding process for ninth Búzios FPSO
Petrobras has started the bidding process for the acquisition of a new FPSO for the Búzios field, in the Santos Basin pre-salt area.
U.S. weekly offshore rig count up by two units
The number of offshore rigs in the U.S. increased by two units over the last week, according to a Friday rig report by Baker Hughes.
In focus: In pursuit of carbon-neutrality – the holy grail of energy transition
In this week’s edition of our In Focus article, we take a deep dive into the most relevant developments from the energy world targeting emission cuts. In the Fossil Fuels market, oil and gas company Lundin Energy sold what has been described as the world’s first-ever certified carbon neutrally produ
Chevron profit shrinks due to effects of pandemic, storm Uri
U.S. oil major Chevron booked a smaller profit in the first quarter of 2021 compared to the same period last year because of ongoing downstream margin and volume effects resulting from the pandemic and the impacts of winter storm Uri.
ExxonMobil earns $2.7 billion in first quarter of 2021
U.S. supermajor ExxonMobil booked a quarterly profit due to benefits of higher commodity prices and structural cost reductions.
Stronger price environment pushes Eni 1Q profit past $1 billion
Italian oil and gas company Eni booked a net profit of over $1 billion in the first quarter of the year due to a strengthened upstream price environment.
An Industry First: Dutch Gas Platform to Run Entirely on Offshore Wind Power
Dutch oil & gas exploration and production operating company ONE-Dyas plans to power a platform at a North Sea gas extraction field solely by the electricity from the Riffgat offshore wind farm in the German part of the North Sea. ONE-Dyas, together with partners Hansa Hydrocarbons and EBN, aims to
Total’s profit back to pre-pandemic levels
French major Total reported a jump in profit for the first quarter of 2021, benefiting from the rising oil and gas prices.
Enauta resolves Atlanta field dispute with Dommo Energia
Brazilian oil and gas company Enauta has come to an agreement with Dommo Energia regarding all of the ongoing legal proceedings pertaining to the Atlanta Field offshore Brazil.
SapuraOMV to sell assets off Peninsular Malaysia for $9 million
SapuraOMV, formed through a deal between Malaysia’s Sapura Upstream and Austria’s OMV, has agreed to sell its entire interests in producing assets located offshore Peninsular Malaysia to Jadestone Energy.
Petrobras to bid for Atapu and Sepia oil fields
Brazilian state-owned oil company Petrobras has decided to exercise its rights of first refusal and bid for the deepwater oil fields Sepia and Atapu.
Equinor posts best quarterly results since 2014
Norwegian oil and gas company Equinor recorded a profit of $1.85 billion in the first quarter of the year due to price recovery, sustained cost improvements, and “strict capital discipline”.
Santos completes Bayu-Undan, Darwin LNG stake sale to SK E&S
Australian LNG player Santos has completed the sell-down of a 25 per cent interest in Bayu-Undan and Darwin LNG to SK E&S.