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Angola’s Sonangol and British supermajor BP on Monday signed an agreement to progress to final investment decision (FID) for the…
Sunday, 16 December 2018 14:38

Qatar Buys Eni's Mexican Oil Stakes

Qatar Petroleum (QP) signed an agreement with Italy’s Eni SpA to acquire a 35% stake in three offshore oil Fields…
Aberdeen, UK-based Verus Petroleum has secured a 12-fold increase in its production – from 1,500 to 18,000 barrels per day…
Monday, 10 December 2018 04:33

Hess, Conoco Raise 2019 Production Outlook

Oil and gas producer Hess Corp and Conocophillips both expect production for 2019 to be higher than this year even…
Monday, 10 December 2018 04:31

Eni Starts Production at Vandumbu Field

Italy's Eni said it has started production from the Vandumbu field in Block 15/06 through West Hub N’Goma floating production,…
Vietnam's Nghi Son oil refinery has officially begun commercial production following months of tests, the owner of the refinery said…
Wednesday, 05 December 2018 03:55

EnQuest Sees 20% Higher Oil Production in 2019

EnQuest expects to produce about 20 percent more oil next year as the indebted British North Sea producer strives to…
Monday, 03 December 2018 18:14

Murphy Oil Closes Gulf of Mexico JV

Murphy Oil Corporation announced  that it has closed its previously announced deal to form a Gulf of Mexico joint venture…
Germany intends to increase energy production from wind and solar farms by a further 8 gigawatts (GW) over the next…
Thursday, 29 November 2018 07:46

Lukoil Sees Production Up 3.5% in 2018

Russian oil producer Lukoil said on Thursday that it was expecting its hydrocarbon production to increase by 3.5 percent this…