A new extension deal has been struck by partners Total, Sonatrach and Repsol to extend the drilling and development of the Tin Fouyé Tabankort (TFT) gas and condensate field in Algeria.
Repsol SA will no longer seek growth for its oil and gas business in preparation for the global transition to cleaner energy, according to a person familiar with the matter.
Spanish oil giant has hired Bank of America-Merrill Lynch to assist with the sale of its North Sea portfolio, a news report said, citing banking sources.
Dutch oil service firm SBM Offshore said today it had reached a settlement with insurers for the Yme platform, which had to be scrapped amid structural concerns.
As Premier Oil and Talos announce a billion barrel find in Mexico's Zama-1 exploration well - the first offshore exploration well drilled by the private sector in Mexico's history - EV decided to compile a list of the five most recent billion barrel hauls worldwide. The numbers alone are staggering.
Major North Sea oil firms will have to cap their global spending by as much as 70% if international climate change targets are to be met, a financial think tank has warned.
Spanish oil company Repsol more than doubled its net income in the first quarter of 2017 with upstream and downstream improvements as well as a new mega-find in the US.