Calgary-based Baytex Energy Corp. announced on Tuesday that is has agreed to acquire Eagle Ford Shale pure play Ranger Oil Corp. for $2.5 billion, including net debt of $650 million.
A French court has rejected a demand to suspend a controversial oil and gas project largely owned by energy giant TotalEnergies in East Africa. But a lesson could be drawn from the verdict.
Independent oil and gas exploration and production company Tullow Oil has named Roald Goethe as its new independent non-executive Director.
The United States produces more oil and gas than any other country.
Higher global oil prices have encouraged investments in these fields
European banks are quietly continuing to tighten their oil and gas policies in significant ways, in contrast with the US where debate is raging about the acceptability of limits on fossil fuel financing.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says five petroleum industry regulations have been gazetted.
Energy giant BP has reported record annual profits as it scaled back plans to reduce the amount of oil and gas it produces by 2030.
Oil prices could return to the $100 per barrel mark in the second half of 2023 on the back of rising Chinese demand and expected limited additional supply, Afshin Javan, Iran’s OPEC representative, told Reuters on Wednesday.
Russia logged a nearly 50% drop in oil and gas revenue in January, contributing to a wider budget deficit.