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Wage talks between Norwegian oil firms and two labour unions ended in a deal on Wednesday, industry and union officials said, averting the risk of strike action later this year.
Guyana's government on Friday announced it approved a production license for a consortium led by Exxon Mobil to develop its fifth and most expensive oil project in the country, Uaru, the Natural Resources ministry said.
Norwegian oil and gas firm Vaar Energi , majority owned by Italy's Eni , on Monday maintained its quarterly dividend payment at $270 million after the company's January to March operating profit fell from a year ago.
Guyana's closely watched auction of 14 offshore oil blocks faces a delay with the South American country pushing back the deadline for oil explorers to submit bids to mid-July.
Angola expects its oil production to temporarily increase next year on the back of recent private investments in the sector, but output will remain below 1.5 million barrels per day, its finance minister told Reuters on Thursday.
U.S. oil producer ConocoPhillips on Wednesday said it expects to generate some $115 billion in free cash flow for distribution over the next 10 years and expand oil and gas output by up to 5% a year over the same time.
Efforts to remove carbon dioxide (CO2) emissions from industry and store them underground have gathered pace across Europe over the past few years as countries scramble to meet climate goals.
BP and Abu Dhabi's state oil giant on Tuesday offered to acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion, making their entry into Israel's growing energy sector.
Trinidad and Tobago next year plans to launch bidding rounds for onshore and shallow-water areas on top of last week's launch of an auction of 17 deepwater oil and gas blocks, the nation's energy minister told Reuters.
Brazil's state-run oil company Petrobras is getting ready to drill next year the first of 14 planned wells at South America's new deepwater frontier, the Equatorial Margin at its Northern maritime border, a company executive said on Monday.