Chevron has joined the long-term digital subsurface collaboration established by SLB and TotalEnergies
Algeria’s state-controlled energy company Sonatrach and Thailand’s PTT Exploration and Production signed an agreement to explore joint investment opportunities in oil and gas exploration and production
Libya’s oil production has exceeded 1.4 million barrels per day this year
Ghana National Petroleum Corporation (GNPC) has shared its petroleum sector experience with a three-member delegation from the Eswatini National Petroleum Company (ENPC)
MidOcean Energy has concluded its funding round for the year with over $4 billion in closed and pending commitments from new and existing investors.
The oil stockpiles that cushion the world from supply shocks have become “scarily thin,” putting markets at risk of worsening unless the Strait of Hormuz reopens, according to the head of Saudi Arabia’s state producer.
Kuwait is pumping oil at about 75% of the level seen before the Iran war as more tankers take the risk of navigating the Strait of Hormuz.
Cenovus Energy has agreed to acquire Athabasca Oil Corporation in a cash-and-stock transaction valued at approximately C$5.7 billion (US$4.1 billion), expanding its oil sands position and adding about 45,000 boed of production.
Baker Hughes has signed two agreements aimed at supporting oil and gas development and expanding natural gas infrastructure in Venezuela, including a strategic alliance with state-owned PDVSA focused on gas production, processing and potential LNG exports.
Azerbaijan’s parliament has ratified Gran Tierra Energy Inc.’s exploration, development and production sharing agreement (EDPSA) with the State Oil Company of the Republic of Azerbaijan (SOCAR) for the onshore Guba-Khazaryani region.