China’s CNOOC sells US assets to INEOS
China's CNOOC Ltd has sold its US subsidiary and upstream oil and gas assets in the Gulf of Mexico to British…
Browsing Tag
Gulf of Mexico
Shell to halt production at Gulf of Mexico facilities
Shell announced on Sunday that it will temporarily shut down production at its Stones and Appomattox facilities in…
Oil prices climb on Tuesday amid Hurricane concerns
Oil prices continued their upward trajectory on Tuesday due to concerns about US production disruptions caused by…
Oil prices rise on US rate cut expectations
Oil prices rose in Asian trade on Monday, driven by expectations of a US interest rate cut this week.
Oil up on Monday
Oil prices rose from their lowest level since 2021 after oversold conditions and weather concerns pushed them…
Mexico’s Pemex agrees to transfer control of gas project to Grupo Carso
Mexican state oil firm Pemex has reached an agreement to transfer control of its Lakach natural gas project in the…
SpaceX rocket explodes minutes following launch
News SpaceX’s rocket designed to go on a round-the-world trip exploded Thursday exploded four minutes following its…
Gulf of Mexico drilling harmful beyond estimations – study
New research found the climate impact of oil and gas production in Gulf of Mexico is twice the stated estimates, as…
BP says posts replacement cost of $2.25 billion
The British energy giant BP PLC reported a second-quarter loss due to a multibillion-dollar charge relating to its…
U.S.: BP to pay $20 billion in fines for 2010 oil spill
BP Plc will pay more than $20 billion in fines to resolve nearly all claims from its deadly Gulf of Mexico oil…
