Following bp’s decision to market its UK North Sea business, Aberdeen & Grampian Chamber of Commerce is urging the UK government to restore investor confidence through fiscal stability and a more predictable energy policy. SourceContinue Reading
MOL Group has agreed to acquire Shell’s 35% interest in the Aphrodite gas field offshore Cyprus for up to $720 million, joining Chevron and NewMed in one of the Eastern Mediterranean’s largest deepwater gas developments. SourceContinue Reading
bp has launched a process to market its UK North Sea upstream business for a potential sale as part of its ongoing portfolio review, including interests in five production hubs spanning the central North Sea and west of Shetland. SourceContinue Reading
The Texas Railroad Commission has issued its second permit for a deep geopressured geothermal well, highlighting the state’s growing geothermal sector and the agency’s role in regulating emerging energy technologies using oilfield expertise. SourceContinue Reading
Clariant has appointed Gapuma Group as the distributor of its Well Service Additives portfolio across Nigeria, Ghana and Côte d’Ivoire, expanding access to drilling, cementing and stimulation chemicals in West Africa’s upstream oil and gas sector. SourceContinue Reading
Continental Resources plans to bid for additional shale acreage in Argentina’s Vaca Muerta, as Harold Hamm’s company expands its presence in one of the world’s fastest-growing unconventional oil and gas plays. SourceContinue Reading
Shell’s upstream business drove a stronger second quarter, with higher oil and gas prices and record production in Brazil lifting adjusted earnings to $9.8 billion while the company advanced its ARC Resources acquisition. SourceContinue Reading
Petrobras increased second-quarter oil and gas production 14% year over year to a record 3.34 MMboed, driven by the ramp-up of new FPSOs in the Búzios and Mero pre-salt fields and improved operational efficiency. SourceContinue Reading
bp has started production from its Atlantis Major Facility Expansion project in the U.S. Gulf, adding 10,000 boed of gross peak production while extending the life of one of its flagship deepwater assets through new subsea water injection infrastructure. SourceContinue Reading
