The two countries this week signed an agreement at the 2025 Pakistan Minerals Investment Forum in Islamabad to jointly bid on 40 offshore blocks. A bidding round for the granting of exploration licenses for the blocks, located in the Makran and Indus basins, was announced by the Pakistan government in February.
World markets soared on Thursday, with Japan’s benchmark jumping more than 9%, as investors welcomed US President Donald Trump’s decision to put his sharp tariff hikes on hold for 90 days, though he excluded China from the reprieve.In early trading, Germany’s DAX initially gained 5.6% to 20,776.76, while France’s CAC 40 in Paris gained 5.4% […]
Crude oil inventories in the United States saw an increase of 2.6 million barrels during the week ending April 4, according to new data from the U.S. Energy Information Administration released on Wednesday.
Oil and gas companies are looking to get the most bang for their buck in exploring for hydrocarbon resources.
Those lucky enough to have made an early bet on what are now the huge frontier plays, such as Guyana, are seeing exploration expenditures and efforts pay off with large oil and gas discoveries.
Aramco, Sinopec and Yasref have signed a venture framework agreement for a major expansion at the Yasref petrochemicals complex in Yanbu, Saudi Arabia, the companies announced on Wednesday.
Shell PLC has put onstream a second tieback to the Appomattox production hub in the Gulf of America.
Dover, discovered 2018 in the deepwater Norphlet play, contributes 20,000 barrels of oil equivalent a day (boed) at peak, according to a statement Tuesday on the British energy giant’s United States website. Shell owns 100 percent of Dover through Shell Offshore Inc.
The angry mutterings at the Permian Basin Petroleum Association’s “Spring Swing” golf tournament this week weren’t all about missed putts or lost balls. The Texas oilmen on the fairways had a more serious concern: The president they helped elect was tanking oil prices.
The plunge in oil prices over the past week was more severe than the market’s dynamics justify, and the drop may be short-lived, according to Canadian energy executives gathered in Toronto.
Leaders of oil and gas producers as well as pipeline companies characterized the sudden decline — sparked by US President Donald Trump’s global tariffs and OPEC’s surprise decision to revive output more quickly than expected — as more of a shock reaction than a reflection of actual supply-and-demand imbalances.
OSI Renewables, part of the Oil States portfolio, today announced GeoLok™, a high-temperature geothermal wellhead with an integrated tensioning system. The technology improves geothermal well integrity, reduces operational costs, and enhances geothermal energy production.
Eni has received approval from Mozambique’s government for the development of Coral Norte, the company’s second floating LNG platform in the gas-rich Rovuma Basin, paving the way for a final investment decision, Reuters reported on Wednesday.