Tullow Oil ( LON: TLW ) share price has staged a strong recovery in the past few months as investors watch several important corporate news. The stock’s recovery has also accelerated as the price of crude oil continued rebounding. It was trading at 37.06p on Friday, ~68% above the lowest level this year.
Ades Holding, an oil and gas drilling company backed by Saudi Arabia’s Public Investment Fund, plans to raise up to 4.6 billion Saudi riyals ($1.2 billion) from its initial public offering.
HÀ NỘI — Various proposals were put forth by experts and industry insiders to ensure the oil and gas sector keeps pace with the times, overcomes existing challenges, and establishes specialised policies for sustainable growth at a workshop jointly hosted by the Communist Party of Việt Nam (CPV) Central Committee’s Economic Commission and Vietnam National Oil and Gas Group (Petrovietnam) on September 8.
The total number of active drilling rigs in the United States rose by 1 this week, according to new data from Baker Hughes published Friday.
In a mere four years, Guyana went from first discovery to first oil, a rapid timeframe in an industry where it can take years to bring major energy projects online. The former British colony is now a major South American oil producer and global petroleum exporter.
In a surprise development, there are indications that the economically strife-torn country of Argentina will emerge as a major regional energy player. The exploitation of the 7.5 million Vaca Muerta shale formation has delivered an unconventional hydrocarbon boom for Argentina, a fiscally fragile nation once dependent on oil and gas imports.
In the coming weeks, Kurdistan’s oil and gas sector faces a pivotal moment that could reshape the region’s geopolitical landscape. Since March 25, 2023, the Kurdistan Regional Government (KRG) and the Iraqi federal government have struggled to resume oil exports from Kurdistan, following a ruling by the International Chamber of Commerce (ICC) arbitration court.
The market hasn’t seen the full impact of Saudi Arabia’s extra production cut, which could lead to a drastically tighter market if the world’s top crude oil exporter keeps export levels low, according to Vortexa.
MEXICO CITY, Sept 7 (Reuters) – Energy companies Chevron and Repsol decided to quit offshore oil and gas exploration areas in Mexico, the regulator for the sector said on Thursday, joining more than a dozen other companies after disappointing results.
Expanding oil and gas operations drove state economists to forecast New Mexico’s General Fund would grow by about a billion dollars annually for the next two years, according to the latest economic outlook by the Legislative Finance Committee.