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.