Russia halted supply to Vienna-based energy company OMV over contractual dispute in mid-November, but overall gas exports to Austria have remained stable as other companies have stepped up their purchases.
Oil prices fell on Friday, heading for a weekly drop of more than 3%, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as OPEC+ is expected to extend output cuts.
State-owned Oil and Natural Gas Corporation (ONGC) has made four more discoveries since it first made an oil field near Asokenagar in West Bengal six years back but is still awaiting the state government’s nod for a petroleum mining lease to develop them, Oil Minister Hardeep Singh Puri said on Thursday.
WHI is a U.S. helium gas exploration and production company engaged in the acquisition, exploration, and development of properties to produce helium gas from underground reservoirs.
Springfield Exploration and Production (SEP) Limited, in partnership with the Ghana National Petroleum Corporation (GNPC) and GNPC EXPLORCO, has successfully completed the appraisal well test of the Afina discovery through a re-entry of the well.
The Oil Exploration firm linked the challenge on the jubilee field to “unplanned downtime at the Ghana Gas Company onshore gas processing plant and plants and periods of reduced water injection due to power outages”.
In terms of revenue generation, the state has earned a total of $10.69 billion from the crude oil produced over the years, with the exception of 2011, when no semi-annual report was produced by PIAC.
Ghana’s crude oil output increased by 10.7% year-on-year in the first six months of 2024, reversing an annual production decline that began five years prior, the country’s public interest and accountability committee (PIAC) reported.
TechnipFMC plc has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract from TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname.
Springfield E&P contracted the Deepsea Bollsta rig, a semi-submersible being managed by Odfjell Drilling Limited, to appraise the well following a July 8, 2024 ruling by the International Court of Arbitration that mandated Springfield to conduct additional work to complete the unitisation process.