Shell has greenlighted another multi-well development project to enrich oil production from an asset situated at a water depth of about 2,450 meters (8,040 feet) in the U.S. Gulf of Mexico (GoM), said to represent the world’s deepest floating oil platf…
Serica Energy has set the wheels in motion to bring two additional licenses on the UK Continental Shelf (UKCS) under its fold by acquiring a compatriot player, Parkmead (E&P) Limited (PUK) from Parkmead Group.
The post Serica Energy makes a play fo…
Serica Energy makes a play for UK oil & gas firm to expand its portfolio Read More »
Galp has started drilling another well in the Orange Basin, where oil discoveries were also made during its first campaign within license PEL 83 off the coast of Namibia.
The post Drilling ops heat up offshore Namibia as Saipem rig moves to next well w…
Vår Energi has discovered oil resources in an appraisal well near the Goliat field in the Barents Sea off the coast of Norway. As the firm believes the new find has unlocked further potential in the area, it plans to drill 20 more wells in the Barents …
ExxonMobil has unveiled its new corporate plan up to 2030, expecting to deliver a growth potential of $20 billion in earnings and $30 billion in cash flow.
The post ExxonMobil’s 2030 agenda: Fueling decarbonization with $30 billion while ramping up oi…