Exploration Development

Equinor has been granted approval from Norway’s Petroleum Safety Authority (PSA) to begin use of the North Sea Martin Linge platform, associated offshore pipelines,...

BP, Eni consider joint venture to improve oil and gas production in Angola

BP Plc and Eni SpA are considering merging their Angolan oil, gas and liquefied natural gas assets into a joint venture in a bid...

EnQuest signs deal for sole ownership of Bentley heavy-oil discovery

Exploration Development

EnQuest PLC has agreed to purchase Whalsay Energy Holdings Ltd.'s 100% equity interest in the UK North Sea license P1078 containing the Bentley heavy-oil...

Oil production costs reach new lows boosting deepwater prospects

Exploration Development

A Rystad Energy analysis of oil production costs has revealed that the average breakeven price for all unsanctioned projects has dropped to around $50...

BP starts gas production from Qattameya field

Exploration Development

BP has started gas production from its latest development ‎offshore Egypt – the Qattameya gas field in the North Damietta offshore concession. Through BP’s joint...

CGG wins Offshore Malaysia seismic reprocessing contracts from PTTEP

Exploration Development

PARIS - Subsurface Imaging, part of CGG’s Geoscience division, has been awarded two large-scale complex seismic reprocessing contracts by PTTEP. PTTEP is investing in the...

EIA projects $43 oil, flat U.S. production in the first half of 2021

Exploration Development

The U.S. Energy Information Administration reported that a record 12.9 million barrels per day (bpd) of crude oil was produced in the United States...

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