Two oil tankers were hit in Iraqi waters, the latest in a string of attacks on ships in the Persian Gulf that are raising risks to global energy supply from the deepening Middle East war. The strikes on the vessels off the coast of Iraq prompted the nation’s oil terminals to suspend operations. The latest […]
Battalion Oil has agreed to acquire 7,090 net acres in Ward County, Texas, expanding its Monument Draw position in the Permian basin through an all-stock transaction with RoadRunner Resource Holding LLC, formerly Sundown Energy LP. Under the terms of the agreement, Battalion will issue 485,000 shares of common stock in exchange for the assets. The […]
The Government of Guyana, through its Ministry of Natural Resources, is advancing a large-scale 3D multi-client seismic acquisition program offshore, supported by geoscience company Viridien.
The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) generated nearly $47 million in high bids during its latest Gulf offshore oil and gas lease sale, reflecting continued industry interest in exploration acreage on the U.S. Outer Continental Shelf.
Liquefied natural gas suppliers, including Shell Plc, are declaring force majeure on customers across Asia due to the shutdown at the world’s largest export plant in Qatar, according to people with knowledge of the matter.
TotalEnergies has started production from the Lapa South-West project in Brazil’s Santos basin, about 300 km (186 miles) offshore, adding new output to the company’s existing Lapa field operations.
Viridien has launched a new regional multi-client seismic data initiative aimed at improving exploration insights across India’s offshore basins, starting with a major reimaging program in the Mahanadi basin along the country’s east coast.
Saudi Arabia’s oil giant Aramco is requesting from Asian buyers to nominate crude loading plans for April for both its key export port in the Gulf and the export alternative on the Red Sea, multiple sources told Reuters on Wednesday.
Oil markets are bracing for an even bigger potential price shock with Iran on Wednesday warning that crude could surge to $200 per barrel if the war involving the U.S. and Israel continues to destabilize the Middle East’s energy corridors.
The International Energy Agency (IEA) and its member nations have agreed to release a record 400 million barrels of oil from strategic reserves in an attempt to stabilize global energy markets as the war involving Iran continues to disrupt crude flows through the Strait of Hormuz.