Mubadala Petroleum has put its Southeast Asia portfolio up for sale for $2 billion. The Abu Dhabi-based company will be following in the footsteps of ExxonMobil, Chevron, Shell, Murphy Oil, Hess, Repsol and Eni, all of which are looking to sell assets in the Asia region.
An attempt to lift force majeure at the Es Sider port, allowing oil exports to resume, has failed with local armed forces refusing to allow this to go ahead.
Trident Energy has begun a 4D seismic survey offshore Equatorial Guinea on Block G.
DecomWorld – part of Reuters Events- today announced the confirmation of over 30 international E&P delegations to attend their 12th Annual D&A Summit (March 31 – 1 April, Houston).
DecomWorld – part of Reuters Events- today announced the global E&P delegations already confirmed to attend their 2020 Decommissioning and Abandonment Summit along with an international operator speaker faculty
Exxon Mobil and Hess Corp. said they are moving up the start date for first oil production in Guyana to December instead of the previous timeline slated for early 2020.
Petrofac bosses have said Aberdeen is one of the “biggest areas of recruitment growth” for the global energy service group.
Petrofac has been handed a decommissioning contract for wells at two fields in the central North Sea.
Awilco Drilling has reported a set of losses as one of its two rigs has remained unused for nearly four years running.
ExxonMobil said Thursday it made its 13th oil discovery offshore of Guyana, increasing its rapidly rising tally of finds near the tiny South American nation.
ExxonMobil said today that development drilling had kicked off on the Liza Phase 1 development offshore Guyana.
The oil and gas company Hess Corp. said it will lay off about 300 employees or 13 percent of its workforce this year as it labors to sell assets, slim down operations and post its first quarterly profit since 2014.
AkerBP recorded a strong third quarter, raking in a net profit of $112million.
Hess has sold its Norwegian oil and gas assets to Aker BP for $2billion.
A consortium made up of ExxonMobil, Hess and Statoil has reached an agreement with Suriname’s energy agency on a production sharing contract for block 59 in the country.
Hess Corp. has inked a deal to sell its stakes in some oil-producing assets in West Texas and New Mexico for $600 million, the New York oil company said Monday.
Hess has reported a loss of $4.89billion in its fourth quarter.
Hess Corp said it still plans to bring around 80 North Dakota oil wells online this year despite the decline in crude prices.
Hess Corporation said the chairman of its board of directors has retired from the company due to ill health.
US oil giant Hess has sold its Shannon LNG assets, according to reports.
During the next eight days, independent U.S. oil explorers are expected to report 2015 losses totaling almost $14 billion, the result of the steepest price collapse in a generation.
Hess Corp. said it will cut capital spending on exploration and production this year 40 percent from 2015 to $2.4 billion on low oil prices.
A stubborn 16-month crude rout with no end in sight is driving the largest US oil producers away from costly, high-risk mega-projects long touted as the industry’s future and toward safer shale operations that generate the cash needed to satisfy anxious investors.
Hess Corp, which sold off fueling stations and refineries to focus on production, reported its second consecutive quarterly loss after crude prices fell.
Hess Corporation has cut its 2015 exploratory budget by 16%. The company said it would be spending $4.7billion, a reduction from its 2014 spend of $5.6billion. Chief operating officer Greg Hill said the company would increase activity as oil prices began to recover.