Essar Oil and Gas Exploration & Production (EOGEPL) is planning to invest $100m (Rs9.15bn) in a new drilling initiative at its Raniganj East coal bed methane (CBM) block in the Indian state of West Bengal, reported the Economic Times.
Equinor has reached an agreement to sell its onshore assets in Argentina’s Vaca Muerta basin to Vista Energy for approximately $1.1bn (Nkr10.61bn).
Equinor Brasil Energia has opted for a one-year contract extension with Seadrill for the ultra-deep-water drill-ship West Saturn.
Rex International Holding has announced that its indirect subsidiary, Akrake Petroleum, has completed drilling the AK-2H production well in the Sèmè Field, offshore Benin, West Africa.
As Europe accelerates its industrial decarbonisation agenda, offshore carbon capture and storage (CCS) is moving from pilot initiatives to full-scale infrastructure development. The focus is shifting towards integrated transport and storage systems capable of handling millions of tonnes of carbon dioxide (CO₂) annually.
Shell subsidiary ShellBrasil Petróleo has entered into an agreement with the Kuwait Foreign Petroleum Exploration Company (KUFPEC) to divest a 20% interest in the Orca Project.
Italian oil and gas company Eni and Kuwait Petroleum Corporation’s (KPC) Q8 Italy business have announced plans to construct a biorefinery in Priolo, Sicily.
OKLAHOMA CITY & HOUSTON–(BUSINESS WIRE)– Devon Energy (“Devon”) (NYSE: DVN) and Coterra Energy (“Coterra”) (NYSE: CTRA) today announced the signing of a definitive agreement to merge in an all-stock transaction. The combination will create a leading large-cap shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin.
The U.S. government is preparing to issue a general license allowing companies to pump oil in Venezuela, part of the Trump administration’s plan to ease sanctions and rebuild the nation’s moribund energy industry.
One of the biggest U.S. refiners on Tuesday reported fourth-quarter adjusted net income of $1.2 billion, or $4.07 per share, trouncing the analyst consensus estimate of $2.72 earnings per share in The Wall Street Journal.