Proposed new regulations signal that the Indonesian government appears to have recognised the importance of supporting carbon capture and storage (CCS) schemes. Such regulations will be crucial to encourage major companies, such as BP and Repsol, to invest in significant new upstream production in Indonesia.
Petronas MPM has officially introduced Malaysia’s Small Fields Asset (SFA) production-sharing contract framework as part of an effort to revive its domestic upstream sector and lure new money.
Australians love a good yarn, a chinwag, a chat. But it’s not sports or politics that’s making the ‘goss’ in the oil and gas boardrooms of Perth right now.
Chrysaor has agreed to buy US operator ConocoPhillips’ North Sea assets in a £2billion deal.
Chrysaor is near a deal to buy ConocoPhillips’ North Sea assets, according to a news report.
ConocoPhillips said Monday it will keep its 2019 capital spending flat from this year with oil prices down more than 30 percent from the beginning of October.
ConocoPhillips Chairman and Chief Executive Ryan Lance said the Houston oil producer is pressing forward with recouping the $2 billion it is owed by Venezuela.
The next phase of a collaborative industry effort to develop “a better understanding” of subsea equipment has been launched by Wood today.
ConocoPhillips, the largest U.S. shale driller, announced Tuesday plans to sell of some of its acreage in Texas and expand its operations in Louisiana and Canada.
Crude edged lower amid predictions of a steep hike in U.S. crude output this year.
Exxon Mobil Corp. has asked a Texas federal judge to allow it to depose California municipal government officials who sued it and other oil companies over the threat of rising sea levels to their jurisdictions.
Techfest’s STEM in the Pipeline 2017 competition will bring in students from Aberdeen City and Shire schools to solve the challenges currently facing the oil and gas sector.
The Oil and Gas Authority (OGA) has said that cross-border technology hackathons between the UK and Norway will take place this month.
Oil supermajors including Shell have no plans to return controversial Super Puma helicopters to service in the North Sea.
Oil major BP and the Norwegian defence headquarters were in discussions about whether to use military options including blowing a drifting vessel out of the water near the Valhall field.
Energy producer ConocoPhillips has reported a loss to its income during the second quarter of 2015. The company said its income was $179million in comparison with a profit of $2.08billion a year earlier. ConocoPhillips was the first major oil producer to announce spending cuts after prices began to fall last year.
ConocoPhillips, the third-largest US energy producer, has hired the Bank of Nova Scotia to advise on the sale of about 20% of its production in Western Canada outside of the oil sands, according to the bank’s website. Details on the sale from the Houston-based company will be provided in the second quarter, according to Scotiabank. Production from the properties, located in Alberta, British Columbia and Saskatchewan, is mostly gas and amounts to the equivalent of about 35,000 barrels of oil a day, according to the website.