French specialty chemicals producer SNF has agreed to acquire PfP Industries and Ace Fluid Solutions, two oil and gas fluids firms based in Texas, USA. The strategic acquisitions, SNP said, expands its offerings for the company’s upstream oil and gas customers. Financial terms of the transactions were not disclosed.
Frontera Energy Corporation (TSX: FEC) has released its financial results for the second quarter of 2024, highlighting both operational and financial performance metrics. Frontera reported a net loss of $2.8 million for Q2 2024, improving from a net loss of $8.5 million in Q1 2024 but down from a net income of $80.2 million in Q2 2023. This loss was primarily driven by a $32.7 million income tax expense and $17.4 million in finance expenses, partially offset by $45.2 million in operating income.
The Organisation of Petroleum Exporting Countries (OPEC), has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil.
Gross oil production from the Jubilee Field offshore Ghana has been impacted by performance issues with a new producer well, operator Tullow Oil said in an update.
The Colorado Energy and Carbon Management Commission approved a proposal that allows Civitas Resources to move forward with its plan to put more than 150 new oil and gas wells on 32,000 acres near the Aurora Reservoir.
US oil and gas production shows further signs of flattening out or turning down, a delayed response to the decline in prices over the last two years after the initial shock caused by Russia’s invasion of Ukraine in early 2022.
Hindustan Oil Exploration Company Ltd. (HOEC) announced on Wednesday, 7 August, that unfavourable weather has disrupted activities at its western offshore Block B-80 field.
Stock Market today: Oil and Natural Gas Corporation (ONGC) , Oil India share price gained more than 8% during the intraday trades on Wednesday. ONGC was the largest gainer among Nifty 50 stocks.
Major stakeholders in Nigeria’s oil and gas industry on Wednesday vowed to speak up on the dirty deals, regulatory breaches and other malpractices in the sector that had defied solutions over years as the Senate opened another round of probe.
Nigeria’s revenue share from Nigeria Liquefied Natural Gas (NLNG) Limited has plummeted by 43 percent due to persistent gas supply challenges, leaving several industry experts increasingly worried about the mounting headwinds plaguing the country’s economic lifeblood: the oil and gas sector.