Norway's oil minister believes energy firms will sanction more projects this year compared to 2016, when five field development plans were presented to authorities for approval, he told Reuters on Monday.
"I don't have an exact number (for the number of development plans), but we must exceed what we had in 2016," said Terje Soeviknes, who was appointed as oil minister in December.
Reporting by Ole Petter Skonnord
BP and its partners announced that they will invest $7 billion into a carbon-capture project and the development of gas fields…
Exxon Mobil, a U.S. oil company and its partners pulled out of negotiations on Thursday with Guyana’s government over terms…
The CEO of U.S. oil producer Hess John Hess stated on Wednesday that Guyana's fourth floating production, storage and offloading…
The U.S. Department of Energy announced on Wednesday that it had awarded up to $2 billion to centers in the Gulf Coast and…
Cyfrowy Polsat, a Polish media group, reported a 106% increase in net profit to 248.9 millions zlotys (60.35millions) for…
Hess' CEO said that he will consider appealing to the Federal Trade Commission the ban on his taking a Chevron Board seat…
Officials said that a reworked long-term South Africa power plan would be soon presented to the cabinet. The plan is designed…
Malaysian palm futures dropped more than 2% Wednesday due to a weaker Chicago soyoil price and sluggish demand for exports.
Australia and India will work together to increase investment in renewable energies, such as solar manufacturing, batteries, and mineral processing.
Sunshine Oilsands has been ordered by a Canadian regulator to suspend all operations in the oil sands area of northern Alberta…
Companies seeking to claim proceeds from a court auction of shares in a parent of Venezuela-owned Citgo Petroleum are pressing a U.S.
Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power.
World Energy News is the global authority on the international energy industry, delivered to your Email two times per week.
Subscribe to World Energy News Alerts.