Italian oil and gas major, Eni and Ivorian Ministry of Mines, Oil and Energy have signed contracts for the acquisition of four(4) new exploration blocks in the country’s offshore.
The contracts, which were signed in Abidjan further consolidates Eni’s presence in the West African nation.
Tullow Oil disclosed this in its Trading Update, released on November 29, 2024, to investors.
The court is going ahead with the ruling after hearing arguments from both sides on the issues.
Production on the Jubilee Oil Field slowed marginally to 89, 000 barrels per day (bpd) at the end of October 2024. This was captured in the November 2024 Trading Update released by Tullow Oil today, November 28, 2024. Daily Crude Production on the Jubilee field was above 90,000 barrels a day at the end July […]
Oil prices fell on Friday, heading for a weekly drop of more than 3%, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as OPEC+ is expected to extend output cuts.
Angola plans to start the production of natural gas not associated with oil, from 2025, through the New Gas Consortium (NCG), the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo has announced as carried by Angola News Agency.
Sapura confirmed the award of a contract for the provision of Pan Malaysia offshore maintenance, construction, modification, and hook-up and commissioning services, dubbed Package C2 (Sarawak asset oil).
Western nations and their allies have imposed several rounds of sanctions against the Russian oil industry, aiming to curtail the flow of petrodollars into the Kremlin’s coffers and, with it, funding for the war in Ukraine.
Falcon Oil & Gas Ltd. has announced the spudding of the Shenandoah S2-4H horizontal well (previously referred to as the SS3H well) in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.
Natural gas is surging again as winter storms seek to disrupt the Thanksgiving travel holiday, Phil Flynn, a Senior Market Analyst at the PRICE Futures Group, told Rigzone.
Temperatures in northwest Europe are expected to drop again in the coming days after a mild start to the week. Meanwhile, Woodside Energy Group Ltd. halted the Pluto liquefied natural gas facility in Australia due to an unplanned outage, adding to broader supply concerns.