Continental Resources remained the largest private oil and gas producer in the United States, according to Enverus‘ latest annual ranking of the nation’s top 100 private E&P operators. The company topped the list with average production of approximately 707,000 boed, followed by Mewbourne Oil at 575,000 boed and Aethon Energy at 443,000 boed. Ascent Resources and Hilcorp rounded out the top five, with no changes […]
Namibia has approved Eco Atlantic’s sale of an 85% stake in offshore exploration license PEL 98 to locally owned Lambda Energy. The transaction is part of Eco Atlantic’s strategy to focus on deeper-water assets with greater exploration potential. The approval reflects faster regulatory processing as Namibia seeks to support investment in its fast-growing offshore oil […]
Tema Oil Refinery (TOR) Managing Director Edmond Kombat disclosed that he has initiated direct conversations with government on mechanisms to recapitalise the company’s balance sheet – including releasing the refinery’s outstanding share of Energy Sector Levy Act (ESLA) receivables, which he says stand at a minimum GH¢1.6billion. Presenting his review at TOR’s 18th annual general […]
A new study has found that Ghana’s local content policies in the upstream petroleum sector have contributed significantly to employment creation, local business participation and supplier engagement, although progress toward deeper industrial transformation and technological independence remains gradual. The research, conducted by Frank Yao Gbadago of the Department of Accounting Studies Education at Akenten Appiah-Menka […]
Shell has struck a deal to sell a 50% stake in the Na Kika oil platform and related assets to Talos Energy and Ridgewood Energy, with the price tag at $1.7 billion, the supermajor said. According to Shell’s partner in Na Kika, BP, the deepwater platform off the Louisiana coast is one of the most prolific production hubs […]
Rhino Resources has confirmed a connected oil-bearing reservoir at the Capricornus discovery offshore Namibia, advancing the appraisal of the field and providing further evidence of reservoir continuity across the accumulation, the company said on Tuesday. The Capricornus-1A appraisal well was drilled on Block 2914 in the Orange Basin and intersected a gross reservoir interval of […]
Matthew Tremblay, senior vice-president of global offshore markets at the American Bureau of Shipping (ABS), talks to The Energy Year about transitioning to goal-based standards to help ensure the safe adoption of innovative equipment. The American Bureau of Shipping is a ship classification society based in the US. Offshore investment is concentrated on assets to […]
Shell has agreed to sell its interests in the Na Kika platform and Coulomb field in the Gulf of America/Mexico to subsidiaries of Talos Energy and Ridgewood Energy in a transaction valued at $1.7 billion. The deal includes Shell’s 50% non-operated working interest in the Na Kika platform and associated fields, along with its 100%-owned Coulomb subsea tieback. The transaction is expected to […]
SLB has been awarded a seven-year contract by Kuwait Oil Company (KOC) under the Ahmadi Innovation Valley (AIV) initiative, supporting the deployment of advanced technologies across the country’s upstream oil and gas sector. The agreement makes SLB the first technology partner selected under KOC’s flagship innovation program, which is designed to accelerate applied research, digital transformation and technology […]
US negotiators Jared Kushner and Steve Witkoff had positive discussions with regional leaders in Qatar and technical talks with Iran are moving ahead, according to a senior administration official, as the countries seek to ease tensions in the wake of recent attacks that imperiled an already fragile ceasefire. The two Americans were in Doha as […]