The planned investment, which will be executed between Q2 2025 and 2027, will focus primarily on revitalising production at the Usan deepwater oil field. The oil major also indicated that a Final ...

NEW YORK, May 5 (Reuters Breakingviews) - Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices.

Production from the Tapti oil fields ceased in March 2016. Contracts were awarded to Indian companies Larsen and Toubro (L&T) for offshore execution and g (CLSPL) for onshore dismantling.

(AP Photo/Seth Wenig, File) FILE - Oil pumps work in the desert oil fields of Sakhir, Bahrain, Sept. 30, 2015. (AP Photo/Hasan Jamali, File) An Indian man fills petrol in a two wheeler at a fuel ...

Crude prices fell to a four-year low Monday after the OPEC+ group of oil-producing nations said it plans to increase output. The S&P 500 slid 0.6%. The Dow Jones Industrial Average fell 0.2%.

NEW YORK (AP) — Stocks closed lower on Wall Street Monday, breaking a nine-day winning streak, as oil prices hit a four-year low after the OPEC+ group announced plans to increase output.

Wall Street pointed toward losses in premarket trading Monday and oil prices fell to a four-year low after OPEC+ said it plans to boost output. Futures for the S&P 500 slid 0.9% before the bell ...

HONG KONG (AP) — Oil prices fell Monday after the OPEC+ group of oil producing nations said it plans to increase output. U.S. futures fell U.S. benchmark crude oil sank $1.72 or 3% to $56.57 per ...

despite Eni’s nearby Cinnamon-1 wildcat failing to find commercial oil and gas in 2023. “We continue to work towards diversifying our production, both through expansion of our footprint in ...