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
Condor Energies has confirmed a 2.3-km northeast extension of the Kumli NW gas field in Uzbekistan following the successful drilling of the K-42 vertical pilot well.
AXP Energy has secured the right to earn a 25% participating interest in the Block 9 Production Sharing Contract (PSC) in Syria’s Palmyride basin, marking the company’s entry into a region reopening to international energy investment.
Innovex International has entered into an agreement to acquire Norway-based TCO Group in a cash-and-stock transaction valued at approximately $95 million, expanding its portfolio of well technologies and strengthening its presence in key international offshore markets.
VAALCO Energy has reported strong initial results from its ongoing offshore Gabon drilling campaign, including production exceeding 8,000 bopd from the Ebouri-5H development well, while also providing an update on drilling activities in Egypt.
Libya’s National Oil Corporation (NOC) has signed production-sharing agreements with several international energy companies following the country’s first licensing round in nearly two decades, Reuters reported on Monday.