Equinor ASA EQNR, the Norwegian energy major, has signed a significant agreement to sell its 60% operated interest in Brazil's Peregrino oil field to PRIO Tigris Ltda., a subsidiary of Brazilian ...

Equinor has operated the Peregrino heavy oil field since 2009, with approximately 300 million barrels produced to date. The field, located in the Campos Basin east of Rio de Janeiro, consists of ...

The field is being developed by China's Geo-Jade Petroleum. The oil-rich area near Khanaqin is located within the disputed territories, claimed by both Baghdad and Erbil. Suzan Mansour ...

LONDON, May 2 (Reuters) - Top oil and gas companies are watching the worsening global economic outlook with trepidation, but they currently appear to be doing little to correct course in the face ...

The heavy oil field produces about 110,000 barrels a day. Peregrino produced 250 million barrels from start-up to 2024, according to information on Equinor’s website. Located in the Campos Basin ...

In this June 2019 file photo, a pump jack operates in an oil field in the Permian Basin in Texas. (Jacob Ford/Odessa American via Associated Press) In a recent letter to shareholders, the head of ...

Oil prices dropped Monday, as the Organization of the Petroleum Exporting Countries and its allies agreed to boost output again in June. OPEC+, a grouping led by Saudi Arabia and Russia, over the ...

The two-part agreement, with Equinor Brasil Energia Ltda., will see Prio Tigris, a subsidiary of Prio SA, acquire 40% and operatorship of Peregrino in the first part, and an additional 20% in part ...

MOSCOW - Oil prices play a crucial role in Russia's budget and the Russian economy overall, but Russian national interests take precedence above all else, Kremlin spokesman Dmitry Peskov said on ...

which recently spent tens of billions of dollars to raise production to one million barrels a day at the Tengiz oil field in the country. “We don’t engage in discussions about OPEC or OPEC ...

Gas prices remain roughly what they were in October despite Trump’s gutting of oil-field environmental rules. The U.S. is no less reliant on foreign oil today than it was when Joe Biden left office.