Oil crept higher as Iran claimed fresh strikes on US bases, while Saudi Arabia’s smaller-than-expected hike to its flagship crude prices offset some concerns about market tightness.
Abu Dhabi National Oil Co. appears to be continuing to load liquefied natural gas onto tankers in the Persian Gulf, according to satellite images, despite ongoing disruptions to energy flows through the Strait of Hormuz and a recent escalation of hostilities in the waterway.
Guyana’s oil production has climbed above 900,000 bpd and is on track to approach 1.7 MMbpd by the end of the decade as the country continues to expand offshore development and exploration, Natural Resources Minister Vickram Bharrat said.
Venezuelan bonds have jumped since the Trump administration moved to take control of a huge swath of the country’s oil reserves, as investors factor in the prospect of higher crude production ahead of a debt restructuring that could top $200 billion.
Vector Geophysical has purchased 30,000 STRYDE Halo-Connect seismic nodes to expand its high-density land seismic acquisition capacity in Colombia, with the equipment scheduled for its first deployment on a Parex Resources exploration and development project.
The Railroad Commission of Texas (RRC) will gain access to satellite-based ground-motion data across the Permian basin to support its Underground Injection Control (UIC) program under a new partnership between B3 Insight and SatSense.
Chariot Limited has signed a framework agreement with Etu Energias and BW Energy that will give the company economic exposure to future cash flows equivalent to approximately 4,000 bpd of oil production from producing assets offshore Angola.
TotalEnergies has completed its acquisition of a 40% operated interest in Namibia’s PEL83 license from Galp, taking operatorship of the giant Mopane oil discovery in the Orange basin ahead of a planned appraisal drilling campaign.
Italian oil major Eni plans to increase gas production from Ghana’s Sankofa Gye-Nyame field in the Offshore Cape Three Points (OCTP) area to about 350 million standard cubic feet per day (mmscf/d) by 2028, a senior company executive said on Wednesday.
Shell will acquire stakes in two bp-operated exploration opportunities offshore Brazil and in the Gulf of America, expanding collaboration between the majors ahead of planned exploration drilling. Under the agreements, Shell will acquire a 50% interest in the Tupinambá exploration block in Brazil’s offshore Santos basin and a 30% interest in five leases containing the Conifer exploration prospect in the deepwater […]