Shipping traffic at the Strait of Hormuz rose slightly even as a standoff persisted between the United States and Iran, data showed on Thursday, while the market monitored Iran-Oman talks about the waterway.Visible commodity vessel transits at Hormuz totalled 10 on Wednesday, up slightly from eight on Tuesday, data from Kpler showed. This was below a 10-day moving average of about 15 vessels.Two medium-range fuel tankers…
Chinese offshore oil and gas major CNOOC posted a record first-half net profit on Wednesday, as higher oil prices driven by the Iran war and rising production boosted earnings.Net profit attributable to shareholders rose 23.4% to 85.8 billion yuan ($12…
BP has completed a planned maintenance program on the Central Azeri platform in Azerbaijan's Azeri-Chirag-Deepwater Gunashli (ACG) field ahead of schedule.The turnaround began on August 19 and was originally scheduled to last 11 days. BP said…
Saudi Arabian drilling contractor Arabian Drilling has signed a contract with Masirah Oil and Northern Offshore to drill two firm wells and two optional wells in Oman, marking the company's entry into a new Gulf Cooperation Council (GCC) market…
China's oil and gas major CNOOC announced on August 9 that its Phase I development project at the Bozhong 19-6 gas field began full production, with daily oil and gas output exceeding 5,200 metric tons of oil equivalent, or 37,960 barrels per day…
Bohai Phase 5 has entered full operation at the Penglai oil field offshore China, expanding production infrastructure through a project delivered by ConocoPhillips and operator CNOOC.The development adds two new wellhead platforms, four platform…
A QatarEnergy-controlled liquefied natural gas tanker exited the Strait of Hormuz overnight, the first such vessel recorded by ship-tracking data leaving the waterway since July 11, data from analytics firms showed on Thursday.The Al Areesh…
The Western Australian government has granted State Significant Project status to the proposed Browse to North West Shelf Project, providing priority government support as the Woodside-led Browse Joint Venture advances the offshore gas development through approvals…
Searah (Malaysia) launched upstream oil and gas operations in Malaysia from July 1, it said on Friday, after completing the transfer of operatorship from Petronas Carigali, a subsidiary of state energy firm Petronas.The oil and gas company is the Malaysian operating entity of Searah Limited…
Sweden's government has granted permission for two new offshore wind farms and one onshore project while rejecting several other proposed developments, three ministers said in an op-ed published in Swedish daily Expressen on Thursday.Fyrskeppet…
ExxonMobil and its partners will invest $1 billion in the Usan Infill Project offshore Nigeria, a development expected to add 40,000 barrels per day (bpd) of oil production, Nigeria's upstream regulator said on Wednesday.The Nigerian Upstream…
BluEnergies and TotalEnergies have advanced a work program across blocks LB-26, LB-30 and LB-31 in the Harper Basin offshore Liberia aimed at confirming and improving drillable prospects.The program includes reprocessing 6,167 square kilometers of 3D seismic data…
Sunda Energy has started evaluating options for the planned Chuditch-2 appraisal well offshore Timor-Leste following discussions with regulators and its joint venture partner, while separately advancing its acquisition of a New Zealand production business…
Norwegian oil and gas company DNO has reduced its estimate of recoverable resources at the Carmen gas-condensate discovery in the North Sea, a field once hailed as Norway's largest hydrocarbon find in a decade, following the results of an appraisal well…
Oil prices fell by more than $2 per barrel on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran's oil, boosting the oil supply outlook.Brent crude futures LCOc1 were down $2…
