China's CNOOC records record profit in the first half of this year on higher oil prices and output
CNOOC Ltd, a Chinese offshore oil-and-gas major, posted a record net profit for the first half of 2012 on Wednesday. Higher oil prices resulting from the Iran War?and increased production helped to boost earnings.
US tariffs threaten to halt copper's surplus, as prices reach a new high
Analysts say that the prospect of U.S. tariffs on imports could drive copper prices to record levels, even though there's no shortage of the metal in the world. This is because…
Equinor: Iran war makes Tanzania LNG worth multi-billion dollars more attractive
The disruption of energy flows through the Strait of?Hormuz makes it more attractive to Equinor for them to build a long-stalled liquefied gas?export facility in Tanzania. The U.S.
Woodside Energy's profit for the first half of the year beats expectations due to higher oil prices
Woodside Energy announced a 7% increase?in its half-year profits?on Tuesday, driven by a surge in the price of oil due to the conflict in the Middle East as well as an increase in demand for their products.
Shell cancels Aphrodite offshore project in Trinidad: sources
Three people familiar with this decision have confirmed that British energy producer Shell has cancelled its Aphrodite offshore?gas?project with Trinidad's National Gas Company…
US Judge dismisses legal challenge against Trump's offshore drilling expansion
A federal judge in Alaska on Monday dismissed a lawsuit filed by environmental groups to challenge President Donald Trump’s decision to allow offshore drilling along large swathes of previously protected coast.
Equinor, Aker-BP and Vaar will cooperate in Norway for frontier oil exploration
Equinor Aker BP Vaar Energi? plan to?cooperate in oil and gas exploration on the so-called high impact frontier areas of Norway’s continental shelf. Drilling in areas where…
Exxon aims to increase oil production by automating drilling in the Permian.
ExxonMobil's contractor in rural west Texas, where oil rigs, pump jacks, and sparse, flat terrain are everywhere, sits on a drilling platform, using controls to move steel pipes weighing 2,000 pounds.
Norway asks Supreme Court to reverse environmental verdict against oilfields
The Norwegian government will ask the supreme court on Monday to overturn a lower-court ruling that found three oilfield permits invalid because they did not take climate into consideration.
Energy Minister: Norway will drill in Arctic regardless EU's position
Norway will develop its oil and natural gas resources in Barents Sea despite the European Union’s support for a moratorium of Arctic hydrocarbon supplies. Energy Minister Terje…
Ecopetrol's Colombia Pacific regasification facility faces a delay in startup
The director of the project said that Colombia's Pacific Regasification Plant contracted by the'state energy company Ecopetrol' has delayed its start-up 'by between 22 and 30…
Baker Hughes reports that US energy companies have cut back on drilling for the first time in four-weeks.
Baker Hughes, a 'closely watched' energy services firm, said in its report on Friday that U.S. firms have lowered the number of operating rigs for the first four weeks. The number of oil and gas drilling rigs…
Petrobras begins negotiations to acquire four offshore blocks within Ghana's Keta Basin
Petrobras, the state-run oil company of Brazil, announced on Friday that it had submitted a?expression?of?interest?for exploration blocks in Ghana and started negotiations.
North Dakota oilfield activities expected to increase in the second half of the year, regulator states
The 'Department of Mineral Resources' in North Dakota said that oilfield activity will increase in the second half of the year, as operators speed up completions and add more…
SLB and Formentera executives claim that they are working on activating drilling rigs for Venezuela.
SLB, a private equity firm and oil?service provider, is working with?Formentera?Partners to either reactivate or import more oil rigs into Venezuela in the next few months.
Mining mergers are not hampered by increased regulatory scrutiny, say bosses
Mining executives say regulatory scrutiny is increasing as governments pay more attention to security of supply and critical minerals in the face a volatile geopolitical background.
Moscow's petrol stations restrict sales due to shortages
According to witnesses and fuel suppliers, Moscow's fuel stations have implemented new limits on gasoline purchases due to fuel shortages caused by Ukrainian drone attacks against…
Investors look beyond coal as they consider Glencore's Australian debut
Analysts and investors who attended briefings about the listing said that Glencore's copper appetite could outweigh any concerns regarding thermal coal exposure. Glencore, world's biggest?thermal coke exporter…
Chevron discovers oil and gas condensate off Angola
Chevron'said Monday that it had discovered oil -and-gas condensate in an exploration well offshore Angola. This discovery?adds?to the push -to-increase production -in sub-Saharan…
As aid efforts expand, search teams are combing the rubble of Colombia almost a week after the quake.
On 'Sunday', search teams combed through the rubble left by collapsed buildings in western Colombia, nearly a fortnight after a powerful earthquake ravaged cities and towns throughout the west of the country…
