IOCs active in Iraqi Kurdistan finally yielded to Baghdad’s calls for oil sales to be handled by SOMO.
For China, a fractious independent Kurdistan with strong former ties to the U.S. would make the administration of Iraq’s oil and gas sector much more difficult.
Despite controlling Iraqi Kurdistan’s oil sector post-2017 independence vote, Russia prefers to work with Baghdad’s central government.
A new Chinese umbrella company grouping all the state majors will drill for ultradeep oil and gas, and explore shale formations in China.
China produced 4.2 million barrels daily in 2023.
Unconventional resources have long been a focus of attention for China’s state oil and gas majors, but developing them has been a challenge.
Kosmos Energy Ltd. announced the successful start-up of oil production at the Winterfell development in the Green Canyon area of the U.S.Gulf of Mexico.
Brazilian oil and gas company Enauta has terminated the contract to acquire the floating production, storage, and offloading (FPSO) unit Cidade de Santos from MODEC, announced in relation with the acquisition of Uruguá and Tambaú fields from Petrobras.
TotalEnergies has acquired Tecoil, a Finnish company specialised in lubricants used oil regeneration, the French company announced on Monday.
Saudi Arabia’s energy minister announced a new discovery of seven oil and gas deposits in the kingdom’s Eastern Province and Empty Quarter, the official Saudi news agency SPA reported.
Chevron Corporation is revolutionising offshore energy development with innovative field development optimisation tools that significantly reduce decision-making timelines from days to hours.
If you and a partner invest in a boat and decide to split profits equally, you will feel cheated if her share is much greater than 50%.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled a new initiative, AfriPERF, to fast-track the utilisation of Africa’s vast petroleum resources, which are estimated at 620 trillion cubic feet (Tcf) of natural gas and 125 billion barrels of crude oil.
Vår Energi ASA has reported a successful discovery at its operated Cerisa exploration well in production license PL 636 offshore Norway.