Venezuela is opening more of its oil and gas sector to private investment as the country seeks capital to rehabilitate mature fields, rebuild aging infrastructure and ultimately increase crude production toward 3 MMbpd, government and PDVSA officials said Aug. 19. Speaking at an industry event in Houston, Venezuelan Hydrocarbons Minister Paula Henao said recent regulatory reforms have […]
ConocoPhillips Alaska achieved first oil Aug. 7 from its approximately $800 million Coyote 3SX development in Alaska’s Kuparuk River Unit (KRU), bringing the project online ahead of schedule and under budget. The development, located on state land on Alaska’s North Slope, is expected to reach peak gross oil production of approximately 12,000 bpd. ConocoPhillips approved funding for the […]
CoreMarine has completed the disconnection of Golar LNG’s Hilli Episeyo FLNG after eight years of operations offshore Cameroon, clearing the floating LNG vessel for its planned redeployment to Argentina. CoreMarine provided project management, engineering, procurement and offshore operational services for the campaign, developing a disconnection methodology tailored to the facility. The company said the approach was designed to […]
Permian basin operators are increasingly turning to longer horizontal wells and super-laterals exceeding 15,000 ft to boost oil and natural gas production while limiting well counts and overhead costs, according to new data from the U.S. Energy Information Administration (EIA).
DUG Technology and ACTeQ have formed a strategic partnership to integrate cloud-based 3D seismic modeling capabilities with ACTeQ’s TesserACT survey design platform, targeting more efficient seismic acquisition planning and evaluation. The collaboration, announced during the 2026 SEG AAPG IMAGE conference, will give TesserACT users access to modeling capabilities from DUG Insight, including synthetic generation and wave-equation-based solutions. By incorporating […]
DNO ASA has agreed to sell its Côte d’Ivoire oil and gas business to Panoro Energy ASA for $86.5 million as the Norwegian operator concentrates its portfolio around its expanded North Sea operations. The transaction covers DNO CI LLC, the company through which DNO holds its interests in Côte d’Ivoire. Total consideration consists of $65.1 million in cash and […]
The Petroleum Commission says its regulatory oversight of Ghana’s upstream petroleum sector has generated about US$2.2 billion in savings and potential gains for the state.
The Public Interest and Accountability Committee (PIAC) is set to take inventory of all uncompleted petroleum revenue-funded development projects across the country and push for their completion.
Minister for Energy and Green Transition John Abdulai Jinapor has charged the Petroleum Commission to transform the focus of its next 15 years as Ghana seeks to maximise the benefits of its petroleum resources while preparing for the global energy transition.
Ghana’s crude oil production has increased from about 90,000 barrels per day to 126,000 barrels per day, the Minister of Energy and Green Transition, Dr John Abdulai Jinapor, has disclosed.