India is set to launch its tenth bidding round for oil and gas blocks in August or September, the Directorate General of Hydrocarbons (DGH) has said. The latest round will include 25 blocks across 13 sedimentary basins, which are essential for exploration and production activities.
ConocoPhillips has maintained that its $22.5 billion acquisition of Marathon Oil Corp. can be completed by the fourth quarter (Q4) despite facing an extended anti-trust review by the United States competition regulator.
Italian offshore energy services firm Saipem has secured work two offshore projects in Saudi Arabia, under the existing long-term contract with Saudi state-owned oil and gas giant Saudi Aramco.
Egypt is planning to drill 110 exploratory wells for gas and oil, with a total investment of 1.2 billion U.S. dollars during the current fiscal year 2024/2025, Egyptian Ministry of Petroleum and Mineral Resources quoted Minister Karim Badawi as saying in a statement on Sunday.
Kuwait has discovered a significant amount of oil and gas in the Al-Noukhitha offshore field, estimated at around 3.2 billion barrels of oil equivalent.
The discovery includes 2.1 billion barrels of light oil and 5.1 trillion standard cubic feet of natural gas.
Kuwait plans to develop plans for extracting resources from the field as soon as possible, aiming to increase its oil production capacity to 4 million barrels per day by 2035.
As the world calls for a reduction in the use of fossil fuels, new African players are emerging on the global stage and beginning to produce oil. With Niger creating its own oil and gas school in 2011, the Franco-British oil company Perenco recently made an offshore oil discovery in the Democratic Republic of Congo (DRC). Meanwhile, Ivory Coast plans to triple its oil production by 2027.
Dangote Refinery is upbeat its 650,000 barrel-per-day capacity crude processing plant will commence sales to fuel marketers in August.
Equinor and its partners Petoro, Vår Energi, and TotalEnergies EP Norge started production from the first Lavrans well in the Kristin South area offshore Norway on July 7, 2024.
The federal government announced a $241.5 million settlement with Marathon Oil on Thursday for alleged air quality violations at the company’s oil and gas operations on the Fort Berthold Indian Reservation in North Dakota.
CIMC Raffles, a subsidiary of CIMC Group, has secured engineering, procurement, and construction (EPC) contracts from Seatrium for the supply of the hulls for two floating production storage and offloading (FPSO) units being built for Brazil’s national oil and gas company Petrobras.