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This post was originally published on this siteBP has decided to exit its shareholding in Russia’s Rosneft while Equinor has moved to exit its JVs in Russia. The post BP to get rid of its interest in Russia’s Rosneft and Equinor to exit Russian JVs appeared first on Offshore Energy.

This post was originally published on this siteNorwegian oil and gas company Equinor said Monday it had decided to stop new investments into Russia and to start the process of exiting Equinor’s Russian Joint Ventures…

This post was originally published on this siteOIl and gas company Neptune Energy has started drilling on the Hamlet exploration well in the Norwegian part of the North Sea.The well, formally named well 35/9…

This post was originally published on this site Exxon Mobil Corp on Tuesday said it plans to raise production volumes in the largest U.S. shale basin by 25% this year on top of a similar increase in 2021.

This post was originally published on this site A bankruptcy court has approved Williams' agreement to take ownership of some Chesapeake Energy assets in exchange for accepting lower gas gathering fees.

This post was originally published on this site U.S. oil refiner Phillips 66 on Monday set its 2021 capital budget at $1.7 billion, around 43% lower than forecast for the previous year, as the energy industry struggles to recover from the blow of the COVID-19 pandemic.

This post was originally published on this site Board members of four major oil companies declined to appear at a U.S. House oversight panel hearing scheduled for Feb. 8 to answer questions about their companies' climate change plans, the committee said on Thursday.

This post was originally published on this site Norway approved plans to develop several Equinor-operated gas and condensate discoveries in the Norwegian Sea, with gas to be exported to Europe via an existing offshore pipeline system

This post was originally published on this site New York's state pension fund will sell $238 million worth of stock and debt it holds across 21 shale oil and gas companies including Chesapeake Energy Corp, Hess Corp and Pioneer Natural Resources, saying they have not shown they are ready to move to a low-emissions economy.

This post was originally published on this site A rally in oil prices to over seven-year highs is leading to a flurry of asset sales in Canada as energy companies cash out of low-margin assets, but the rush of deals could turn it into a buyer's market, bankers and company executives said.