ONGC Videsh Ltd (OVL), the overseas unit of India’s state-owned Oil and Natural Gas Corporation (ONGC), considers reviving operations at its two onshore oil assets in Venezuela as the world’s top crude resource holder is welcoming foreign companies back to its industry.
China’s state-owned oil and gas major and top refiner Sinopec is ramping up exploration in the shale formations of the Sichuan basin with a view to increasing the country’s shale gas production by a third over the next ten years.
Petróleos de Venezuela (PDVSA) and Spain’s Repsol have signed an agreement to increase oil and gas production in Venezuela, including new exploration opportunities around Lake Maracaibo, Reuters reported on Tuesday.
JERA Co Inc has taken delivery of its first cargo of liquefied natural gas (LNG) from the Barossa Gas Project in Australia’s Northern Territory.
Aker BP and DrillDocs are expanding deployment of computer vision technology designed to improve drilling performance and reduce nonproductive time across offshore operations on the Norwegian Continental Shelf.
Equinor has outlined plans to increase production to 2.3 MMboed by 2030, supported by higher investment in oil and gas projects, increased production on the Norwegian Continental Shelf (NCS) and continued growth in its international portfolio.
The U.S.-Iran deal has raised hopes that the oil supply disruption in the Middle East could be nearing its end, but the biggest international tanker operators aren’t rushing to return to the Strait of Hormuz.
The oil market just did something remarkable
Venture Global Inc and Atlantic-See LNG Trade SA, formed last year by Greek companies Aktor Group and DEPA Commercial SMSA, have amended their agreement to allow the delivery of 1 million metric tons per annum (MMtpa) of United States liquefied natural gas (LNG) to Greece.
Four of the world’s biggest oil companies are ready to bid for Ghana blocks but a stalled legal reform process is holding up their commitment