Tamboran Resources has completed the largest hydraulic fracturing campaign ever conducted in Australia’s Beetaloo basin, successfully stimulating three horizontal wells as the company advances toward first gas production in the Northern Territory.
Lionheart Capital is close to a $400 million deal for a stake in a Venezuelan oil field, in what would be one of the first major private investments in the country’s oil industry since the U.S. began easing sanctions.
Halliburton has been awarded a contract by Basra Oil Company (BOC) to provide integrated field management services (IFMS) and engineering, procurement and construction management (EPCM) for the development of the Bin Umar and Sindbad oil and gas fields in southern Iraq.
Phoenix Energy has surpassed 50,000 bopd of production in the Williston basin, marking a major milestone for the independent exploration and production company as it continues expanding its Bakken operations across North Dakota and Montana.
The Iranian Revolutionary Guard Corps (IRGC) announced on Sunday that two ships were involved in an incident in the Strait of Hormuz, while two others turned back from crossing after warnings were issued to them. The IRGC asserted that not a single drop of oil, gas, or chemical fertilizer will pass through the Strait of Hormuz without permittance.
Andy Burnham, set to become the UK’s new Prime Minister on Monday following Keir Starmer’s resignation, is preparing to signal strong support for new oil and gas activity in the North Sea as part of an early policy push.
China drew 41 million barrels from crude inventories in June, one of the largest monthly draws on record, according to the International Energy Agency.
Canadian company ReconAfrica said on Thursday, July 16, that its Kavango West 1X exploration well produced natural gas and liquids during tests of the Elandshoek formation in northeastern Namibia. It marked the first time hydrocarbons had flowed to the surface from an onshore well in the country.
Chevron is preparing to sign MoUs with Iraq to advance its potential entry into two major oilfields and support studies of alternative crude export routes, Reuters reported on Thursday.
Within days of taking office incoming Prime Minister Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea as well as taking public control of Thames Water.