Eroton Exploration & Production Company Limited, has announced that it had successfully shut-in CAWC015 Well and contained CAWC047 wild well spill in the Cawthorne Channel field in Rivers State.
Ahead of Russian President Vladimir Putin’s visit to Iran on Tuesday, his second foreign trip since he invaded Ukraine in February, Russian Gazprom and the National Iranian Oil Company have inked a $40-billion agreement for the development of oil and gas fields.
Italy’s Eni, US major Occidental, France’s Total and the Algerian group Sonatrach signed a $4 billion oil and gas production-sharing contract Tuesday for the Berkine field in the country’s southeast.
There remains significant scepticism however over the synergies and completion of the company’s Capricorn Energy merger, but Tullow has maintained that the deal will enable the companies to become a leading player in African energy production.
Democratic Republic of Congo will offer 27 oil blocks and three gas blocks, nearly double as many as previously planned, in a licensing round next week, the hydrocarbons ministry said on Monday.
The United States believes that OPEC’s Middle Eastern producers have room to boost production and will take “a few more steps” to boost supply to the oil market soon, according to Amos Hochstein, the special presidential coordinator for international energy affairs.
A report from the Public Interest and Accountability Committee’s Annual Report on the management and use of Petroleum revenues for the period of 2018 revealed about 99 percent of oil cash was usedfor the payment of school fees in respect of the government’s FreeSHS.
Saudi Arabian officials on Saturday stressed the need for more upstream investment to resolve oil market pressures, saying that the kingdom would add some oil production capacity but has limits.
Indonesia’s oil and gas lifting in the first half was below expectations due to disruption in some facilities and delayed projects, putting it on course to miss full-year 2022 targets, officials at upstream regulator SKK Migas said on Friday.
Pickering Energy Partners (PEP) said Wednesday it is looking to acquire and develop Permian Basin oil and gas interests alongside public and private operators.