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 […]
The appointment brings his rich experience in petroleum distribution, commercial operations and business management to the leadership of the company, which has interests in oil and gas and renewable energy. His membership of the International Society of Petroleum Engineers reflects his professional affiliation with the wider petroleum engineering community and his connection to developments and […]
The Public Interest and Accountability Committee (PIAC) has called for urgent measures to attract investment into the Tweneboa, Enyenra and Ntomme (TEN) oilfields to reverse the country’s declining and underperforming crude oil production. The committee said the TEN fields had yet to realise their full production potential, nearly a decade after they came on stream. […]