Petrobras and BP have signed Memorandum of Understanding (MoU) to promote cooperation and business opportunities between the companies.Petrobras and BP are partners in exploration blocks in the Exploration & Production segment, including Alto de Cabo Frio Central鈥
Woodside Energy posted a fall in first-quarter revenue on Friday compared with the previous three-month period due to lower realised oil and liquefied natural gas prices and flagged declining production volumes at some of its major projects鈥
OMV Petrom has appointed global energy and marine consultancy ABL to provide Marine Warranty Survey (MWS) services for the construction of Romania鈥檚 Neptun Deep gas field project in the Black Sea.ABL鈥檚 London operation has won the contract to provide MWS services to review鈥
Brazil鈥檚 state-run energy company Petrobras signed a memorandum of understanding (MoU) with the China National Chemical Energy Company (CNCEC) covering several areas, especially renewable energies and energy transition.The partnership also provides鈥
SundaGas Banda Unipessoal, a wholly-owned subsidiary of UK oil and gas company Baron Oil, has selected a new location for the Chuditch-2 appraisal well offshore Timor-Leste.SundaGas has been conducting site survey work in the Timor Sea over鈥
MHWirth, a subsidiary of Norwegian oil services investment firm Akastor, has received an arbitration award issued by a tribunal in a dispute with Seatrium鈥檚 subsidiary Jurong Shipyard over the termination of four drilling rig unit contracts鈥
Oil major BP has simplified its organization structure and made executive team changes in an effort to streamline its business operations.BP said it will continue to have three businesses - production and operations, gas and low carbon energy鈥
Oilfield services provider Petrofac has secured a technical services contract from the national oil company of Equatorial Guinea GEPetrol to support the operations of Block B assets.Under the contract, valued at around $350 million over five years鈥
Brazil's state-run oil company Petrobras has agreed the sale of its entire stake in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Brazil's subsidiary of UK-based oil and gas firm Perenco.Production from the two鈥
Petrobras, in a consortium with CNOOC, CNODC, and PPSA, has marked a new milestone with the Búzios field, which has reached 1 billion barrels of oil (bbl) produced since the start of operations in 2018.The milestone was reached on March 31,鈥
BP, as the operator of the Azeri-Chirag-Gunashli (ACG) project, has started oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.The ACE platform is the鈥
Norwegian technology firm Vissim has secured a contract from Indonesian national energy company Pertamina to install a new marine surveillance system at its PAPA ONWJ oil platform in Indonesia.Norwegian technology company Vissim鈥檚 scope of supply is to deliver radar technology鈥
Following a global contract procurement process, the Sunrise joint venture partners including Timor Gap, Woodside Energy and Osaka Gas Australia, have appointed Wood Australia on a Greater Sunrise concept study.The study will be led by Wood鈥
Norwegian oil and gas company Vår Energi has made an oil discovery at Ringhorne Nord in the North Sea, while drilling the exploration well with Odfjell Drilling鈥檚 Deepsea Yantai semi-submersible rig.The discovery was made in wells 25/8-23 S and 25/8-23 B鈥
Britain's EnQuest is looking to sell its 27% stake in the Golden Eagle oilfield in the British North Sea as it seeks to reduce debt levels, two sources told Reuters on Tuesday.It was unclear how much the sale of the non-operated stake would raise鈥
