PTT Exploration and Production, Thailand’s national upstream company, has acquired the 10% participating interest held by German independent Wintershall Dea in the UAE’s Ghasha Concession, the companies announced on Tuesday.
Saudi Arabia’s oil giant Aramco looks caught between a rock and a hard place. It seeks to win over new investors, especially foreign ones, while at the same time – as the world’s top crude oil exporter and the biggest OPEC producer – not allowing oil prices to crash.
In the June STEO, the US EIA reduced its forecast for OPEC+ oil production for the rest of 2024.
Trinidad and Tobago-based conservation group, Fishermen and Friends of the Sea (FFOS) is expressing concern over the risk of a possible oil spill in the waters near CARICOM member state Guyana, saying such a disaster could negatively affect the entire Caribbean region.
Oil major TotalEnergies intends to develop a US$9Bn deepwater oil project in Suriname using a nexus of subsea infrastructure connected to a newbuild FPSO
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe has stated that the current oil block bid for 2024 is meant for investors with financial capacity and technical competence.
Noble Corp., the world’s biggest offshore oil-rig contractor by market value, agreed to buy its smaller rival Diamond Offshore Drilling Inc. in a deal valued at $1.6 billion.
The Zama field partners have awarded French engineering company Doris a front-end engineering and design contract (FEED) for the development of the field.
Woodside has achieved first oil from the Sangomar field offshore Senegal, marking the safe delivery of the country’s first offshore oil project.
US oil and gas drilling company Noble has signed a definitive agreement to acquire Diamond Offshore Drilling in a cash and stock deal.