Eco (Atlantic) Oil & Gas and Navitas Petroleum estimate that Block 1 CBK offshore South Africa contains more than 3.6 Bbbl of unrisked prospective oil resources and approximately 4.5 Tcf of prospective natural gas resources.
SLB has launched two artificial lift technologies for U.S. land operations aimed at improving equipment life and production performance in mature and challenging well environments.
Aker BP has started production from the Alve Nord, Idun Nord and Ørn fields in the Norwegian Sea, bringing approximately 120 MMboe of recoverable resources online one year ahead of the original schedule.
The world’s biggest oil refiner, China’s state-held Sinopec, is looking to transform its business as domestic fuel sales crumble amid the electric vehicle boom.
Ehab Mukhtar, CEO of PetroGas, talks to The Energy Year about the company’s technology-focused portfolio and opportunities emerging from Libya’s new energy investment cycle.
Jacky Massaglia, senior vice president for North America at Vallourec, talks to The Energy Year about domestic tubular manufacturing, the expansion of premium threading capacity in Ohio and Vallourec’s role in supplying next-generation geothermal projects.
Norwegian companies Equinor ASA, Aker BP ASA and Vår Energi ASA on Monday announced a collaboration to explore the largest remaining reserves in the country’s waters to sustain production as existing developments become depleted.
North America dropped eight rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on August 21.
Australia’s biggest oil and gas producer Woodside Energy Group Ltd. is scaling back its clean energy ambitions to double down on fossil fuels, saying all its investments must compete equally for capital.
Equinor is targeting 950,000 boed of equity production outside Norway by 2030, up from 750,000 boed in second-quarter 2026, as the company concentrates investment in a smaller international portfolio led by the U.S., Brazil and Angola.