(WO) – Atlas Petroleum International Limited announced the development of the Venus oil discovery in Block P, Equatorial Guinea, jointly with its partners Vaalco as Operator, and Guinea Ecuatorial de Petroleós Co. (GEPetrol) as the state-owned oil company of Equatorial Guinea, representing the interests of the state. This positive result f...

(Bloomberg) — Iraq plans to announce within a month a supplementary bidding round to the last one signed for the development of a number of Baghdad’s eastern fields, most prominent of which is the Mansuriya natural gas field, Iraq’s Oil Minister Hayyan Abdul Ghani told an audience at an event in the country’s capital. Abdul Ghani said...

(WO) — Equinor has entered into an agreement to divest 28% working interest in PL037 (Statfjord area) to OKEA. The total consideration is $220 million plus a contingent payment element based on oil and gas prices over a 3-year period. A 28% working interest in PL037 gives 23.9% in Statfjord Unit, 28% in Statfjord Nord, 14% in Statfjord Øst...

(Bloomberg) – Exxon Mobil Corp. is considering resuming a liquefied natural gas project in Mozambique, but with an even bigger capacity than the one it shelved partly because of an Islamic State-linked insurgency. In a statement published Friday in Mozambican newspaper O Pais, the U.S. energy giant called for expressions of interest to desi...

(Bloomberg) – Closely held gas driller Escondido Resources is working with financial advisers to test the market’s appetite for its assets in South Texas, according to people with knowledge of the situation. The Mountain Capital-backed company is having discussions with some larger peers about a potential deal, said the people, who asked...

(Bloomberg) – Goldman Sachs Group Inc., one of the most bullish banks on its outlook for oil, has nudged its forecasts down as worries over the banking sector and the potential for recession outweigh a surge in demand from China. The bank’s analysts now see Brent reaching $94 a barrel for the 12 months ahead, and $97 a barrel in the secon...

(WO) – Shell plc has published its Energy Transition Progress Report 2022, which shows it has again met its climate targets as part of its energy transition strategy. The report will be put to shareholders for an advisory vote at Shell’s Annual General Meeting on May 23, 2023. “In this report, we show the progress we have made towards b...

(WO) – Kongsberg Digital continues to enhance simulation training by launching its new cloud-based navigation simulation solution. The solution is another advanced simulation technology that Kongsberg Digital offers as an online training application on their digital platform. K-Sim Navigation CLOUD is based on Kongsberg’s well-reputed simulatio...

(Bloomberg) – Oil prices slid and volatility surged as traders fled risk and tried to come to grips with how the biggest U.S. bank collapse since 2008 would reverberate through the economy. Brent, the global benchmark, fell below $80 for the first time since early February as investors fled risk assets and poured into safer bets but recover...

(WO) –Louisiana-based energy services company Danos has acquired Wood’s offshore labor supply Gulf of Mexico operations. “We have been in the people business for 76 years,” said Eric Danos, CEO of Danos Ventures. “Providing highly skilled personnel to build, maintain and operate our customers’ assets safely is what we do. And we�...