IOG Resources III has closed a $125-million joint development partnership to fund an 18-well horizontal drilling program targeting the Niobrara formation in Wyoming’s Powder River basin.
Petrobras has exercised its preemptive right to acquire Petronas’ 50% stake in the Tartaruga Verde field and the Espadarte Module III development in Brazil’s Campos basin, a move that will restore the company’s full ownership of the assets.
bp has started gas production from the Quiluma field offshore Angola as part of the New Gas Consortium (NGC), marking the country’s first non-associated gas development.
Seadrill and Sonangol’s Sonadrill joint venture has secured a contract extension for the Sonangol Quenguela drillship in Angola, Seadrill said on Monday.
The CEO of the National Petroleum Authority (NPA), Godwin Edudzi Tamaklo, has signalled that government may be forced to step in if global crude oil prices rise sharply, drawing a clear line at $120 per barrel. Speaking on PM Express on Joy News, he said authorities are closely monitoring market developments but stopped short of […]
TotalEnergies SE said Friday it was suspending production in Qatar, Iraq and the Emirati offshore but assured growth elsewhere and a surge in oil prices cushion the company from the Middle East war.
United States Energy Secretary Chris Wright has directed Sable Offshore Corp to reactivate the Santa Ynez Unit (SYU) production facility and the associated pipeline system in California, citing security risks amid the disruption of oil shipping in the Strait of Hormuz.
North America dropped six rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on March 13.
The International Energy Agency, which last week announced a record release of oil reserves to ease the impact of the Iran war, said it has more that can be made available if needed.
Monumental Energy has restarted commercial oil production from the Waihapa H1 well in New Zealand’s onshore Taranaki basin following a recent workover targeting bypassed pay in the Mount Messenger formation.