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.
Halliburton has secured lump-sum turnkey contracts from Aramco for well delivery across multiple Saudi fields, Halliburton announced on Thursday
The U.S. Energy Information Administration (EIA) raised its U.S. crude oil production forecast for 2026 in its latest short term energy outlook (STEO), which was released earlier this month.
BP Plc said ConocoPhillips will acquire 42% of its stake in a venture that’s redeveloping Iraq’s giant Kirkuk oil fields, a major revival target for the OPEC heavyweight that has experienced output decline since the Iran war began.
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. Burnham’s team has asked the civil service to draw up plans for new energy and water policies that can be revealed as […]
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. The MoUs cover the West Qurna 2 and Nassiriya fields, with the West Qurna 2 preliminary agreement aimed at advancing commercial terms toward a final takeover deal, […]
Halliburton has secured multi-year lump sum turnkey (LSTK) contracts from Aramco to support an onshore oil re-entry program across multiple fields in Saudi Arabia, further expanding the company’s integrated well delivery portfolio in the Kingdom. The award follows Halliburton’s announcement earlier this week of a separate multi-year contract supporting Aramco’s unconventional gas development program, reinforcing the company’s growing role across […]