Britain’s bp exits Canadian oil sands and snaps up stake in offshore project

It is divesting its interest in the Sunrise oil sands project while buying a 35% interest in the Bay du Nord oil project from Cenovus Energy

Russian invasion affects Ukraine’s largest state oil and gas firm

Naftogaz said it temporarily suspended gas extraction in one of its production facilities

“North Sea oil and gas production is still vital”

Oil and Gas Authority Chairman said North Sea exploration can ensure a successful energy transition to net zero

Equinor and Sonatrach sign MoU for oil and gas exploration and production

It also includes co-operation within greenhouse gas emissions and carbon management as well as industrial safety management

Equinor buys 49% stake in Russian oil exploration venture from Rosneft

It has bought the shares in KrasGeoNac (KGN), which holds 12 conventional onshore exploration and production licences in Eastern Siberia

UK Government to review offshore oil and gas licensing regime

The review looks to ensure the government has the necessary information to plan for continued oil and gas production in a manner ‘aligned with tackling climate change’

Iran announces 53 billion barrel oil find

The find would boost the country’s existing reserves of 150 billion barrel by a third

BP chief Bob Dudley to step down next year

He helped steer the oil giant back following the 2010 Deepwater Horizon which brought the company close to collapse

EU gives green light for oil and gas joint venture

It will be active in the exploration and development of oil and natural gas projects only in the US

Oil and gas exploration
ExxonMobil signs deal to explore 28,000 sq km in offshore Namibia

The territory extends from the shoreline to around 215 kilometres offshore, with depths of up to 4,000 metres at points