Oil & gas news
Pharos Energy confirms interest in Shell's Egypt assets
Pharos Energy has confirmed that it is participating in the process for the purchase of Shell's upstream portfolio in the Western Desert in Egypt as part of a consortium.
Hurricane Energy and Spirit Energy amend Greater Warwick Area agreement
The Greater Warwick JV between the two companies has now agreed a new cost allocation agreement.
Equinor granted permission to use mobile drilling facility
Norway's Petroleum Safety Authority (PSA) has given Equinor consent to use the Deepsea Atlantic mobile drilling facility for drilling and completion on the Tordis and Vigdis fields.
ExxonMobil planning CAPEX of US$30 – US$35 billion annually through 2025
Darren W. Woods, the company's chairman and CEO, made the announcement at the company’s annual investor day at the New York Stock Exchange.
Premier Oil releases 2019 full year results
The company recorded an increased profit after tax of US$164 million, compared to US$133 million in 2018.
Empire Energy given go-ahead for drilling in Australia's Northern Territory
Empire Energy Group Ltd. has received Northern Territory Government approvals for the drilling of Carpentaria-1.
Rystad Energy: coronavirus poised to wipe out majority of 2020 oil demand growth
Rystad Energy now expects more than half of global oil demand growth to be lost in 2020.
Aker BP and Framo sign offshore maintenance contract
The two companies have entered a long-term maintenance contract for seawater lift pumps.
Equinor, Shell and Total complete Northern Lights drilling
Drilling of confirmation well 31/5-7 Eos south of the Troll field in the North Sea took place to determine the suitability of the reservoir in the Johansen formation for CO2 storage.
WFS Technologies enters new era to support growth plans
WFS has appointed Peter Sharpe as interim CEO, taking over from Brendan Hyland who is stepping down after founding the firm more than 17 years ago in 2003.