Oil traders appear to be preparing for a resumption of hostilities in the Middle East following the U.S. midterm elections on November 3, and if such a resumption does not take place, oil prices are likely to drop, ING commodity strategists wrote today in a note. With President Trump repeatedly hinting at or outright saying […]
Energy Drilling, a subsidiary of SED Energy Holdings, has received a letter of award from Carigali-PTTEPI Operating Company (CPOC) for a 30-month drilling campaign using its tender-assist rig T-16. The award includes options for up to 15 more months. The firm term is worth about $87 million, including mobilization fees. The work covers Phase 7 […]
Sharjah National Oil Corporation (SNOC) has completed the first phase of development at the Hadiba gas and condensate field in the United Arab Emirates, advancing plans to more than double current gas production and support Sharjah’s long-term energy supply. Discovered in May 2024 northeast of the Sajaa gas field, Hadiba reached first gas in less […]
Woodside will exit the long-stalled Greater Sunrise gas fields in the Timor Sea, agreeing to sell its 33.44% unitized participating interest in the Sunrise Joint Venture to Timor-Leste national oil company TIMOR GAP for up to $200 million, most of it contingent on the project reaching first LNG. The deal covers the titles holding the […]
The Independent Petroleum Association of America (IPAA) has welcomed President Trump’s announcement that the Environmental Protection Agency (EPA) will revise its methane regulations for oil and gas producers. IPAA said the rules as written would have placed an outsized burden on independent operators of marginal wells. IPAA President and CEO Edith Naegele said the association […]
ASCO plans to invest £18.3 million (about $24.4 million) over the next six years in digital tools, artificial intelligence and automation for its logistics and materials management operations. The company said the investment will give clients better real-time visibility and control over their supply chains. Much of the spending will go to developing ASCO’s Integrated […]
Edson dos Santos, CEO of Etu Energias, talks to The Energy Year about the company’s transition towards greater operatorship, investment in its upstream portfolio and its long-term ambition to become an integrated energy company. Etu Energias is a 100% Angolan-owned private energy company with operated and non-operated assets across onshore and offshore Angola. Etu Energias […]
TotalEnergies has completed the sale of its 10% non-operated interest in the Renaissance joint venture licenses onshore and in the shallow waters of Nigeria, formerly the Shell-operated SPDC joint venture, to Vaaris for $800 million, while keeping its full economic interest in the venture’s three main gas licenses. The sale was made by TotalEnergies EP […]
North American Blue Energy Partners Inc., which is partnering with the US government to develop Venezuelan oil fields, is deploying a sixth drilling rig as it ramps up production in the South American country, according to a person familiar with the company’s operations. Nabep Chief Executive Officer Alejandro Betancourt hosted a US State Department delegation […]
1947 Oil & Gas has restored production at the Eugene Island 331 field in the U.S. Gulf after an extended shut-in for repairs to a downstream condensate gathering facility. Output resumed in late September at 1,200 boed gross (about 1,000 boed net), 81% oil weighted. At the Ship Shoal 198 field, a workover campaign completed […]