Condor Energies has achieved record production from its Uzbekistan operations after the K-42 well at the Kumli Northwest field delivered stronger-than-expected test results, supporting further development of the company’s Central Asian gas project.
The European Union failed to endorse a 21st sanctions package against Russia on Monday, putting the bloc at risk of undermining one of its key tools to restrict the Kremlin’s oil revenue.
Northern Oil and Gas (NOG) reaffirmed its 2026 production and capital expenditure guidance Monday after reporting improving production conditions in the Permian basin, continued acquisition activity and the closing of its previously announced Duvernay joint development transaction.
SLB announced that its OneSubsea joint venture has been awarded a major engineering, procurement and construction (EPC) contract by Eni for Phase 3 of the deepwater Baleine development offshore Côte d’Ivoire.
During President Donald Trump’s first term, the U.S. Bureau of Land Management approved a plan to make 725,500 acres of federal public lands and mineral estate available for oil and gas leasing in the Bay Area and Central Coast. The counties of Monterey and Santa Cruz, alongside environmental groups, argued the decision failed to consider meaningful alternatives and disclose environmental impacts, leading to a lawsuit in 2020.
Chevron Technical Center and ZL Chemicals have signed a technology licensing agreement that will allow ZL Chemicals to commercialise Chevron-developed chemical surfactant technology for EOR applications, Chevron announced on Wednesday.
Kosmos Energy Ltd. (NYSE:KOS) is one of the Best Penny Stocks to Invest In According to Billionaires. Recently, on June 23, Bank of America Securities initiated a Sell rating on Kosmos Energy Ltd. (NYSE:KOS) with a price target of $1.46. Overall, the Street remains bullish on the stock, with analysts’ 12-month price target suggesting more than 60% upside from the current level.
Behind-pipe work at GA-10A and GA-93 increased Vienna Basin production from roughly 150BOEPD to 220BOEPD. With additional output from the Anshof field in Upper Austria, ADX’s net Austrian production now stands at about 285BOEPD.
India’s ONGC plans to build up a strategic national reserve of crude totalling 1.75 million tons, or 12.8 million barrels. The company would also ask the government to allow the commercial use of the stockpile, Reuters reported.
Halliburton has completed what it says is the industry’s first deployment of integrated closed-loop rig automation and managed pressure drilling (MPD) on a deepwater exploration well with Eni offshore Indonesia, marking a milestone for automated drilling operations in the Asia-Pacific region.