ExxonMobil Holdings Corp. has told Kazakhstan that the country’s top oil field is already on the cusp of peak output and its production will slump sharply in the coming decade.
The UK government is reportedly considering investment in additional LNG import capacity as domestic North Sea production declines, prompting criticism from industry and business groups over the country’s offshore oil and gas policies.
Iran said it discovered more than 7.5 trillion cubic feet of natural gas, after months of war with the U.S. and Israel seriously disrupted its energy sector.
Tanker traffic via the Strait of Hormuz remained weak over the weekend, with fewer than 20 vessels traversing the chokepoint as Iran and the United States traded threats again.
DNO ASA, the Norwegian oil and gas operator, is selling its entire Côte d’Ivoire business to Panoro Energy ASA, a London-based E&P company. The deal comprises an indirect 9.09% interest in the Ivorian offshore Block CI-27, which DNO ASA holds through its subsidiary, DNO CI LLC.
Venezuela signed oil-related contracts with two US companies as the government of the South American country seeks to attract investment and boost crude production, a report said.
Industry leaders discussed Venezuela’s oil and gas reserves, emphasizing the importance of international partnerships, technology, and infrastructure development to unlock resource potential to help meet future global energy demand. Venezuela used an energy industry gathering in Houston on Aug. 19 to promote investment opportunities for US oil and gas companies, independent operators, service companies, technology […]
Washington, DC – US media reports have revealed a covert US military operation aimed at securing the passage of oil tankers through the Strait of Hormuz. This comes amid ongoing military tensions with Iran and a decline in maritime traffic in one of the world’s most important energy shipping lanes. According to Axios, US forces are managing […]
Latin America’s two biggest oil companies are betting on a high-risk effort to unlock crude from deeply buried Jurassic rocks offshore Mexico. Petroleo Brasileiro SA and Petroleos Mexicanos have teamed up to evaluate a pre-salt play beneath the Gulf of Mexico that is older, deeper and potentially richer in oil than many existing fields. The […]
Transocean has secured a two-year binding Letter of Award with India’s Oil and Natural Gas Corporation (ONGC) for the Dhirubhai Deepwater KG2 ultra-deepwater drillship. The drilling campaign is expected to begin in the first quarter of 2027 and contribute approximately $300 million in contract value, including additional services and mobilization fees. The award also includes two […]