North American Blue Energy Partners Inc., which is partnering with the US government to develop Venezuelan oil fields, is deploying a sixth drilling rig as it ramps up production in the South American country, according to a person familiar with the company’s operations. Nabep Chief Executive Officer Alejandro Betancourt hosted a US State Department delegation […]
1947 Oil & Gas has restored production at the Eugene Island 331 field in the U.S. Gulf after an extended shut-in for repairs to a downstream condensate gathering facility. Output resumed in late September at 1,200 boed gross (about 1,000 boed net), 81% oil weighted. At the Ship Shoal 198 field, a workover campaign completed […]
EQT has agreed to acquire Range Resources in an all-stock transaction that will combine two of the largest natural gas producers in Appalachia. The combined company will have a pro forma enterprise value of more than $50 billion. It will produce more than 9 Bcfed net from nearly 3 million net acres, with more than […]
Eni has signed the main engineering, procurement, construction and drilling contracts for the Cronos gas project in Block 6 offshore Cyprus, moving the development into execution. The execution phase was formally launched on Oct. 26 at a ceremony in Nicosia, attended by Cypriot President Nikos Christodoulides and Energy Minister Michael Damianos. The contracts cover the […]
Aquaterra Energy has finished the first phase of a fast-track offshore platform project in Nigeria for Emadeb Energy, an indigenous Nigerian oil and gas company. Within six months, Aquaterra designed and fabricated a subsea template so drilling can begin while the rest of the platform is still being built. Aquaterra is delivering a conductor-supported platform […]
Mr Edmond Kombat, the Managing Director (MD) of the Tema Oil Refinery (TOR) has underscored the strategic importance of refining Ghanaian crude oil domestically, describing it as a critical step toward retaining value within the national economy and fulfilling the President’s vision for value addition. “Refining Ghanaian crude in Ghana keeps value onshore. It fulfills […]
The Public Interest and Accountability Committee (PIAC) says it has noted the efforts made by the government to attract investors, including the recent Memorandum of Understanding (MoU) with Shell and Chevron. However, PIAC reiterates its call on the government, through the Petroleum Commission, to develop a framework to improve investment in existing producing fields, particularly […]
The Public Interest and Accountabiity Committee (PIAC) has observed in its report a marked reduction in gas flaring across all three producing fields in first half of 2026 (Jubilee: 74.02 percent; TEN: 40.79 percent; SGN: 79.73 percent) compared with first half pf 2025 (Jubilee: 6,155.77 MMSCF; TEN: 2,799.59 MMSCF; SGN: 4,888.19). PIAC says this reflects […]
Canada-based subsurface engineering firm VZFOX is entering India through the Team Canada Trade Mission to support mature oilfield redevelopment, enhanced recovery and reservoir optimisation, as the country seeks to strengthen domestic hydrocarbon production and reduce import dependence. The company plans to establish an office in Bengaluru with an initial team of five members by the […]
Kistos, an independent energy company focused on unlocking value within its existing portfolio and through value-accretive M&A, announces that it has signed a Sales and Purchase Agreement with Vår Energi ASA (Vår Energi) to acquire a 10% working interest in the production licenses PL 169E, PL 956 and PL 956B on the Norwegian Continental Shelf. […]