The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after a 6-rig increase in the week prior.
ADNOC Gas has achieved a record-breaking net income of USD 5 billion for 2024, a 13% increase over 2023, the gas-focused ADNOC subsidiary said on Friday.
United Energy (MENA) Limited, a wholly-owned subsidiary of Chinese independent United Energy Group (UEG), has acquired the upstream oil and gas assets held by US independent Apex International Energy in Egypt, UEG announced on Friday.
USEDC said in the statement that its announcement follows a record-breaking year during which USEDC deployed nearly $800 million into operated and non-operated projects.
State-owned CPC Corp. and the economy ministry are in negotiations with an Alaska-based export plant for supplies, Taipei-based Central News Agency said, citing an unidentified ministry official. CPC and the ministry didn’t immediately respond to requests for comment.
Custos Energy announced completion of the previously announced farm-in by Chevron Namibia Exploration II Limited, a subsidiary of Chevron Corporation, into Petroleum Exploration License 82 (PEL 82). The transaction provides for an 80% participating interest and operatorship for Chevron, with each of Custos and the National Petroleum Company of Namibia (NAMCOR) retaining 10% interests.
The project is located in central Bohai Bay, with an average water depth of approximately 20 meters. The main production facilities include a new central processing platform and an unmanned wellhead platform.
New terminal construction, a sure bet in the pre-Covid 19 era, is now plagued with uncertainty after exports of U.S. crude in 2024 expanded at the slowest outside the pandemic years.
The government of Egypt has signed deals with Shell and TotalEnergies for the delivery of 60 LNG cargoes at a cost of around USD 3 billion, Reuters reported on Friday.
President John Mahama and the Chief Executive Officer of Eni, Claudio Descalzi engaged in discussions centered around the oil exploration firm’s ongoing contributions to Ghana’s energy sector and its broader economic diversification goals.