bp signs deal to drill five gas wells offshore Egypt
bp has signed a Memorandum of Understanding (MoU) to evaluate opportunities for a five-well program at water depth…
BP’s dash for gas: Five-well drilling campaign on Mediterranean’s horizon
UK-headquartered energy giant BP has taken steps to expand its natural gas arsenal in the Mediterranean Sea by…
Petrobras Moves Closer to Amazon Oil Production
Brazil’s Petrobras has completed an emergency drill in the Foz do Amazonas basin that will be followed by…
North Sea yields ‘significant’ black gold discovery
Aker BP, a Norwegian oil and gas player, has brought its exploration campaign in the North Sea to…
Oil & gas ramp-up: Start-up of African field on track as drilling ops in Benin and Norway continue
Lime Petroleum, a subsidiary of Rex International Holding, is making inroads in its quest to boost hydrocarbon production…
Exxon Will Benefit Most from South America’s Newest Petrostate
The South American country of Guyana has recently emerged as a world-recognized oil-producing nation. This occurred due to…
BP and Eni set their cap on stepping up Mediterranean oil & gas game
Two European energy giants, the UK-headquartered BP and Italy’s Eni, have signed on the dotted line to pursue…
New oil & gas discovery seen as European country’s ‘largest conventional hydrocarbon field’
Keeping the remaining potential for exploration and recovery in mind, a fresh oil and gas discovery, which was…
Big Oil’s Power Couple Heads to Guyana
Following the completion of Chevron’s acquisition of Hess Corporation, the U.S. supermajor will need to overcome a previously…
ExxonMobil’s new gas discovery springs into view offshore Cyprus
Two energy giants, U.S.-headquartered ExxonMobil and Qatar’s QatarEnergy, have made a new gas find off the coast of…
One well down, as Saipem drillship moves to another to unlock more gas at Eni’s field
Italy’s energy giant Eni has completed the drilling of a well at a natural gas field in the…
Brazil seeks $6.2 billion from oil industry in push to boost finances
(Bloomberg) — Brazil’s energy ministry has proposed measures to raise around 35 billion reais ($6.2 billion) from the…