ExxonMobil has increased its estimated recoverable resources in Guyana by two billion barrels after a hot streak of discoveries at the prolific Stabroek block.
Siccar Point Energy Ltd., the North Sea oil producer backed by Blackstone Group Inc., has received final bids from suitors including Chrysaor Holdings Ltd. and Equinor ASA, people with knowledge of the matter said.
Exxon Mobil led the way with new finds off the coasts of Guyana and Cyprus as global oil and gas discoveries in 2019 hit a four-year high, according to a new report.
A government report has revealed CNOOC was the biggest tax spender in the North Sea last year while energy giant Shell paid the least on balance after a reimbursement.
Subsea 7 has announced it has secured a "sizable" contract with Cnooc International in the South China Sea.
Tensions over new tax changes to offshore contractors arose yesterday as Cnooc International became one of the first North Sea firms to roll out its new off-payroll working rules.
Chinese firm Cnooc has taken up an option for a Maersk rig to drill an additional infill well on its huge Buzzard field in the UK North Sea.
China’s CNOOC Ltd has signed up to explore two blocks in Gabon, the 11th contract signed since the country brought in its new hydrocarbon code.
An Aberdeen-based energy consultancy has strengthened its well management team following a number of major contract wins for the firm.
Senegal has launched its licence round the Africa Oil Week conference in South Africa, although it faces criticism from one company for offering a disputed block.
An industry body will warn there is “much more to be done” to prevent major leaks in the North Sea at an Aberdeen conference later.
The UK’s largest-producing oil field has once again been restarted after it was shut down for the second time in a month.
Chinese firm Cnooc has confirmed that its Howick exploration well located west of Shetland was a duster.
The North Sea's largest-producing oil field has been shut down for the second time in a month after a pipework repair was found to be “compromised”.
A new conference has been announced which will focus on the most pressing health and safety issues in the North Sea.
At the end of September there were three active exploration wells and four appraisal wells being drilled in the UK, according to Westwood Global Energy. Two E&A wells were spudded and three were completed during September.
The North Sea’s largest-producing oil field has been shut down after a defect was found during an inspection.
Preparations for the East African Crude Oil Pipeline (EACOP) have ground to a halt in Uganda following the termination of Tullow Oil’s farm-out talks.
The UK upstream oil and gas sector will be a hive of activity over the coming years, two global energy consultancies have said.
A $900 million (£740m) deal, under which Tullow Oil was to sell a major stake in its Ugandan projects to Total and CNOOC, has been scrapped as a result of wranglings with the government.
Babcock Offshore said today that it had won two new contracts for helicopter crew change operations out of its Aberdeen base.
Total has started drilling an appraisal well at its Glendronach discovery in the West of Shetland.
The finalists have been revealed for an awards ceremony celebrating companies and people who have made an outstanding contribution to offshore health and safety.
A sizeable stake in one of the UK North Sea’s largest gas discoveries in years will come on the market once a major acquisition goes through later this year.
Energean’s £600 million acquisition of Italian firm Edison E&P has handed the company stakes in a number of UK North Sea assets, including a major discovery.