In line with shifting priorities, Brazil’s Petrobras has axed the divestment of four major assets as it seeks to revise the process. Its sale of the onshore Urucu and Bahia-Terra clusters, the Manati oilfield, and its Argentine subsidiary, Petrobras...

Italian energy giant Eni has declared the signing of an agreement to sell its wholly-owned subsidiary, Nigerian Agip Oil Company Ltd (NAOC Ltd), to Oando PLC. Oando PLC, an energy solutions provider, is prominently listed on both the Nigerian...

HOUSTON--(BUSINESS WIRE)--Flame Acquisition Corp. (“Flame”) today announced the results for the proposal considered and voted upon by its stockholders at its special meeting on August 29, 2023. Flame reported that the proposal to amend Flame’s amended and restated certificate...

Oslo-based BW Energy is set to proceed with its acquisition of the FPSO Cidade de Vitória, located on the Golfinho field in Brazil, following an agreement reached with the vessel's Italian owner, Saipem. This development comes more than a...

HAMILTON, Bermuda--(BUSINESS WIRE)--This release includes business updates and unaudited interim financial results for the three ("Q2", "Q2 2023" or the "Quarter") and six months ("1H 2023") ended June 30, 2023 of Cool Company Ltd. ("CoolCo" or the "Company") (NYSE:CLCO...

With less than two weeks left for companies to participate, anticipation remains high on the outcome of Guyana's first bid round. At stake is a potential 25 billion barrels of oil equivalent up for grabs. It is clear that...

By Dr. Ulric Trotz - OilNOW Guyana, together with other developing countries have been pressing for the prioritisation of climate change adaptation at international climate change meetings, and also, for the provision of financial resources to support adaptation action. While...

Sarawak Shell Berhad (SSB), a subsidiary of global energy giant Shell plc, announced the commencement of gas production at the Timi platform in Malaysia. Under the SK318 production sharing contract (PSC), Timi represents a groundbreaking endeavour, combining cutting-edge technology...

In a bold move, Nigeria's newly elected president Bola Ahmed Tinubu has publicly unveiled his administration's ambitious plan to nearly double the country's crude oil production. The goal is to escalate production from the 1.3 million barrels per day...

Touchstone Exploration Inc, the Calgary-based oil and gas company with a primary focus on Trinidad and Tobago, has successfully completed its program of five production test intervals at the Royston-1X well.  The Royston-1X well, in which Touchstone holds an 80%...