Unlike most governments in the economically developed Western world, Indonesia’s leaders are crying out for more upstream oil and gas investment. However, even as demand is projected to rise up to four times by 2050, Southeast Asia’s biggest economy is struggling to convince energy investors to come.
Chevron (NYSE:CVX) confirmed that its wholly owned subsidiary, Chevron New Ventures, has entered into a memorandum of understanding (MOU) with India’s Oil and Natural Gas Corporation (ONGC) to assess the exploration potential across a number of basins in India, the company told Energy Voice.
Hydrogen UK is eyeing further growth after adding a baker’s dozen to its membership in recent months.
US giant ExxonMobil (NYSE:XOM) has met with Indonesia’s President Joko Widodo to talk about the importance of a lower carbon future and ways that Indonesia can continue to access reliable and cost effective sources of energy.
Shell, ExxonMobil, Chevron and Equinor plan to withdraw multibillion-dollar lawsuits against Nigeria’s state energy company after finalizing new terms for deep-water oil production in Africa’s largest crude producer.
ExxonMobil (NYSE:XOM) has denied rumours about the US major seeking to divest its Indonesia assets.
Keppel Shipyard today confirmed the death of a worker who fell into the sea after a crane collapsed at its Tuas yard in Singapore on Monday. It is the third fatality at the yard this year.
Rumours have surfaced again about ExxonMobil (NYSE:XOM) potentially seeking to divest its Indonesia assets. ExxonMobil operates the giant Cepu Block, which is Indonesia’s largest producing oil project.
A consortium of Technip Energies and Clough will provide front-end engineering and design (FEED) services for the upstream facilities at the TotalEnergies-led Papua LNG project in Papua New Guinea.
ExxonMobil (NYSE:XOM) and India’s Oil & Natural Gas Corporation (ONGC) have signed a heads of agreement covering deepwater exploration off the east and west coasts of India. The news bodes well for ONGC, which recently pledged to boost exploration investment by 150% to $4 billion.
Nigerian National Petroleum Corp. (NNPC) has renewed licences with leading international companies in the deepwater in a move expected to unlock new investments.
A longstanding US lawsuit filed against ExxonMobil (NYSE:XOM) that alleges the oil and gas giant was responsible for human rights violations, including sexual assault, battery and wrongful death, that was committed by members of the Indonesian military, looks set to be heard after 20 years, as the company’s repeated attempts to block the trials have been overturned.
The energy supermajors have released second quarter results and high commodity prices have pushed business' profits to new heights as we head into the second half of the year.
Seplat Energy has boost profits among higher production, with the company staying confident on its planned purchase of ExxonMobil’s local Nigerian unit.
NextDecade has struck a deal to supply 1 million tonnes per year of LNG from its planned Rio Grande project to ExxonMobil.
ExxonMobil has made another two discoveries in the Stabroek block, bringing the total number of its finds offshore Guyana to more than 25.
Big Oil is poised for a record-breaking $50 billion profit in the second quarter, but the industry’s stellar performance could contain the seeds of its own decline.
TotalEnergies said it will launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities in Papua New Guinea (PNG).
The Energy Industries Council (EIC) trade association has appointed a quartet of new board members.
Nigerian National Petroleum Corp. (NNPC) launched a legal case against ExxonMobil and Seplat Energy over the proposed sale.
ExxonMobil (NYSE:XOM) has launched a commercial technical tender process for decommissioning several of its facilities in Australia’s Bass Strait.
ExxonMobil, Shell, CNOOC, and Guangdong Provincial Development & Reform Commission have signed a memorandum of understanding to evaluate the potential for a world-scale carbon capture and storage (CCS) project to reduce greenhouse gas emissions at the Dayawan Petrochemical Industrial Park in Huizhou, Guangdong Province, China.
Oil giant ExxonMobil (NYSE: XOM) is to study the potential for repurposing an oil and gas terminal for use in producing and distributing green hydrogen.
ExxonMobil is investing in a $29 billion project to boost Qatar’s gas exports, joining others including ConocoPhillips, TotalEnergies and Eni.
Exxon Mobil and Neptune Energy are among those who have today signed an agreement to progress a large-scale CCS project in the North Sea.