News

bp today announced an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil. bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 km (218 nautical […]

Apus Energy has entered West Africa’s offshore frontier in Guinea-Bissau. With high-impact drilling now underway, the company is set to bring fresh momentum and investor attention to one of the region’s most underexplored hydrocarbon basins.  […]

(Bloomberg) – Exxon Mobil Corp. is looking for opportunities to acquire smaller rivals, a year after buying Pioneer Natural Resources Co. for $60 billion, Chief Executive Officer Darren Woods said.  ExxonMobil CEO Darren […]

(Bloomberg) – Partners in Kazakhstan’s second-largest oil field won a case in a local court over environmental fine that could have exceeded $4 billion, the venture said.  Kazakhstan previously sought to fine the Kashagan oil […]

SLB has acquired Stimline Digital AS, a leading cloud-based software company for the energy sector specializing in well intervention.  Stimline Digital’s IDEX™ platform provides operators with a powerful visualization canvas and collaborative environment […]

(Bloomberg) – Exxon Mobil Corp. and Chevron Corp. posted better-than-expected results after record oil production cushioned the impact of lower crude prices.  Exxon pumped more oil than it has in any second quarter […]