Petrobras PBR, the national oil and gas company of Brazil, successfully began the production of oil at the FPSO P-78 unit in the Búzios field, located in the pre-salt layer of the Santos Basin. This ...

After beginning the year at 217,000, weekly initial unemployment claims hit 250,000 during June and spiked to 264,000 in ...

Shipowner CMM Offshore has won an extension with Brazilian oil major Petrobras for one of its offshore ships. The ...

Chevron has achieved a major operational milestone in Angola, delivering first oil from its South N’dola offshore platform in December, just over two years after construction began. The project ...

Chevron Corp. delivered first oil from the South N’dola platform in Block 0 offshore Angola in December. Chevron Corp. delivered first oil from the South N’dola platform in Block 0 offshore Angola in ...

The wells collectively contributed a gross December production incremental of over 6,500 bo/d resulting in a gross 2025 exit ...

SANTA BARBARA COUNTY, Calif. (KEYT) – Sable Offshore has not completed all necessary steps to restart oil production locally a state regulator confirmed Friday. On Wednesday, the 9th Circuit Court of ...

Operator Philodrill has applied for a new and expanded service contract (SC) with the aim of redeveloping the West Linapacan oil asset offshore the Philippines, by utilising modern technology to ...

Sable Offshore Corp. faces regulatory hurdles in California, but gains crucial federal support to restart offshore oil production. I reiterate a Buy rating on SOC stock with a $27.67/share price ...

First oil production will not happen this year from the Seme shallow-water project in Benin, West Africa, where the operator has reported having “significant technical issues” during the drilling ...

A federal appeals court this week denied a request to stay, or pause, federal approval of Sable Offshore Corp.’s restart plans for Santa Barbara County oil production. Sable Offshore Corp. is the ...

California Attorney General Rob Bonta moves to block the restart of oil pipelines shut down after the 2015 Refugio spill, ...