Statoil has let a contract to KBR Inc. for the concept and front-end engineering design of its Northern Lights onshore carbon dioxide storage terminal in Norway. The terminal is a key component of the carbon capture and storage demonstration project be…
Beach Energy Ltd., Adelaide, has signed a binding agreement with Cue Energy Resources Ltd. of Melbourne to farm into two exploration permits in the Carnarvon basin offshore Western Australia that contain the large Ironbark gas and condensate prospect.
Asdrubal Chavez, a cousin of the late former president of Venezuela, has been named acting president and chief executive officer of Citgo Petroleum Corp. a week after the arrests of his predecessor and five other company executives on charges of corrup…
The light, sweet crude oil contract for January delivery settled above $57/bbl Nov. 29, dropping modestly before members of the Organization of Petroleum Exporting Countries met Nov. 30 in Vienna. Brent crude oil for January also fell but still settled…
Coincidence underscores lessons too easily overlooked in the Nov. 19 collapse of government-forming discussions in Germany.
AWE Ltd.’s final well in the current appraisal and development program in Waitsia natural gas field in Western Australia’s onshore Perth basin has tested at one of the highest flow rates in Australian history.
Rosneft and Pertamina have formed PT Pertamina Rosneft Pengolahan dan Petrokimia to develop their joint venture refinery and petrochemical project in East Java, Indonesia.
David Lamp will become co-chief executive officer of CVR Energy Inc., Sugar Land, Tex., on Dec. 1 and chief executive officer on Jan. 1, 2018.
Hedging activity surged in this year’s third quarter as oil producers rushed to lock in rising prices for future production, according to Wood Mackenzie’s latest analysis of oil and gas hedging activity.
The US Bureau of Safety and Environmental Enforcement has approved Eni US Operating Co.’s application to drill in the Beaufort Sea off Alaska’s North Slope. The project represents the first fresh exploration on the US Arctic Outer Continental Shelf in more than 2 years, BSEE said.