China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oilfield in Iraq, which could fetch at least $500 million, according to people familiar with the matter.
The eastern Malaysian state of Sarawak, home to the country’s LNG export complex, will soon open onshore acreage for bidding, as it hopes to revitalise its onshore oil and gas industry after taking regulatory control from the federal government.
Norway, Western Europe’s biggest oil producer, is offering fresh exploration licenses in the far north less than a week after the Supreme Court finished hearing an appeal over earlier Arctic permits.
Energy giant E.On is planning to cut almost 700 jobs over the next two years, mainly in support and management roles, as part of the migration of customers to a new platform.
Industry chiefs today urged governments to start delivering their net-zero objectives at pace and provide the investment frameworks needed to kick-start projects.
The boss of renewables-focused energy firm SSE has urged the Scottish supply chain to invest more if it wants to secure a bigger share of wind farm work.
The oil & gas sector has a vital role to play in transitioning to net zero by 2050, and in mature basins like the UKCS, much can be achieved. Innovation and technology will be key to unlocking many of these opportunities.
Port of Cromarty Firth (PCF) aims to be at the heart of a jobs bonanza after signing a “letter of intent” to bring new renewable energy work to the north.
By Per Arne Jensen, Senior Partner, and Espen Strøm, Investment Director, at EV Private Equity
As a technology-focused energy impact investor, EV Private Equity is committed to building innovative world-class companies. Experience has shown us that achieving that ambition requires global reach, unique insights and a strong mindset that transcends geographical and territorial boundaries.
Neptune Energy fell to a loss in the third-quarter as its figures came under pressure from lower oil and gas prices and “operational issues” in Norway and Algeria.
None of us can predict for certain what the supply chain of the future will look like, yet we all have to plan for future changes to make sure our businesses move forward in step with the world around us.
Cutting-edge green energy technologies in the Yorkshire and Humber region could create thousands of jobs and boost the economy, according to a report for the owner of the UK's largest power station.
Boris Johnson has unveiled a multi-billion pound green industrial plan that could result in an emissions-busting project near Peterhead receiving a huge cash injection.
Sales of new petrol and diesel cars and vans will be phased out by 2030, Boris Johnson has confirmed as he set out his 10-point plan for a "green industrial revolution".
OPEC+ said oil producing countries must be ready to act when the group gathers for its next full ministerial meeting in two weeks, the latest indication the cartel is preparing to delay a production increase.