Santos is seeking buyers for a 20-30% stake in its large Dorado oil project and Bedout exploration portfolio offshore western Australia estimated to be worth up to $200 million. Significantly, there is expected to be global interest in the sales process, which could be particularly appealing for Asian national oil companies (NOCs).
President Donald Trumpโs top energy official said heโs confident that Russia wonโt be able to complete the Nord Stream 2 gas pipeline in the Baltic Sea -- and signalled that the U.S. will press forward with its opposition to the project.
Wintershallโs local subsidiary has signed two exploration and production-sharing agreements (EPSAs) with Libyaโs National Oil Corp. (NOC) after compromising on licence terms.
Trade body Oil and Gas UK (OGUK) has published a list of 10 โprinciplesโ aimed at helping a "fragile" supply chain whose margins have been squeezed tight by customers in recent years.
The merger between oil and gas firms Wintershall and DEA has been completed, creating the largest independent exploration and production company in Europe.
John Browneโs return to the top of an oil company started with a phone call from a Russian oligarch who had $10 billion burning a hole in his pocket.
Back in 2015, Royal Dutch Shell Plc and BP Plc cast doubt over the future of aging oil fields offshore Norway. A crash in crude prices and high operating costs threatened to shut them early, leaving millions of barrels in the ground.
German exploration firm Wintershall says it will engage with the UK government over a move which would see a Russian billionaire becoming part-owner of a North Sea gas field.