Monday, July 15, 2024

Independent Oil And Gas News

US Energy Firm Payouts to Oil Investors Top Exploration Spending for First Time

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Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested in new oil and gas fields for the first time, according to a report released…

ConocoPhillips CEO Says Surprised by Quick Rebound in Oil Prices

Ryan Lance, Chairman and Chief Executive Officer at ConocoPhillips - Credit: ConocoPhillips

ConocoPhillips Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative territory in April and…

IOG Taps Subsea 7 for North Sea Project SURF

Image Credit: IOG

Offshore installation company Subsea 7 has won a contract by Independent Oil and Gas (IOG) to provide Subsea, Umbilicals, Risers, and Flowlines (SURF) for Phase 1 of IOG's Core…

ConocoPhillips Profit Beats Estimates

(Photo: ConocoPhillips)

US oil and gas company ConocoPhillips' quarterly profit shot ahead of analysts' estimates on Tuesday, as higher shale production offset the impact from lower crude prices and…

Wintershall Dea Deputy CEO Steps Down

Maria Moraeus Hanssen (Photo: Wintershall Dea / Ludwig Schöpfer)

Maria Moraeus Hanssen, COO and Deputy CEO of Wintershall Dea, will leave the company at year end to pursue other opportunities, the independent oil and gas company announced on Wednesday.Until on December 31…

Woodside H1 Profit Slumps

(File photo: Woodside)

Woodside Petroleum flagged a challenging near-term outlook on Thursday as it grapples to win over its partners to back $34 billion worth of new oil and gas projects amid a souring…

Baker Hughes: U.S. Cuts Rigs for Fifth Straight Week

file Image: an offshore oil installation (CREDIT: DNV-GL)

U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row as most independent producers cut spending even though majors were still pushing…

ConocoPhillips Profit Slides

(Photo: ConocoPhillips)

ConocoPhillips missed Wall Street estimates for quarterly profit on Tuesday as it spent more than expected and took a hit from lower crude prices due to fears of a slowing global…

Beach Energy to Boost Drilling Spend

(Photo: Beach Energy)

Beach Energy, Australia's third-largest independent oil and gas producer, ended the 2019 financial year more cashed up than expected and plans to step up spending on drilling…

Oil Majors Rush to Dominate US Shale

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In New Mexico's Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to ride out the industry's notorious boom…

Woodside Invests in Cyber Security

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Australia's largest independent oil and gas company said it has invested in a Western Australian company specializing in the protection and security of critical infrastructure.Woodside…

Woodside Raises Dividend

(Photo: Woodside Petroleum)

Australia's Woodside Petroleum Ltd surprised investors with a fat dividend on Thursday after reporting a 36-percent percent rise in annual profit, underpinned by stronger oil…

Sapura Energy, OMV Partner for E&P

Sapura Energy's Tan Sri Shahril and OMV's Johann Pleininger at the November 2019 signing ceremony (Photo: OMV)

Malaysia’s largest oil and gas services company Sapura Energy Berhad and Austria’s OMV Aktiengesellschaft have agreed to form a new strategic partnership that will see the creation…

Lundin Buys Stakes in Rolvsnes, Goddo

Lundin Petroleum, Europe's independent oil and gas exploration and production company with operations focused on Norway, has increased its stake in the major Rolvsnes oil discovery in the Norwegian North Sea…

Norway Awards 15 Exploration Licences to Lundin Petroleum

Europe’s independent oil and gas exploration and production company Lundin Petroleum announced that its wholly owned subsidiary Lundin Norway has been awarded a total of 15…

Woodside Awards Scarborough FEED Contracts

(Photo: Woodside)

Australian independent oil and gas company Woodside said Wednesday it has awarded four contracts for front-end engineering design (FEED) activities for the proposed US$11 billion…

Woodside Enters FEED for Pluto Train 2

(Photo: Woodside)

Australia's largest independent oil and gas company Woodside said it has awarded a contract to Bechtel (Western Australia) Pty Ltd to undertake front-end engineering design…

Panoro Completes OMV Tunisia Acquisition

OMV's office in Tunisia (Photo: OMV)

London-based international independent oil and gas company Panoro Energy ASA announced Friday it has completed its $65 million acquisition of OMV Tunisia Upstream GmbH from…

CNOOC in Cooperation Pact with Nine Oil Majors

China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, ConocoPhillips, Equinor, Husky…

IOG Delays North Sea Project Financing

UK based oil and gas development & production company Independent Oil and Gas Plc (IOG)cautioned that current oil price volatility and capital market conditions aren’t conducive…