Algeria’s state-owned national oil company (NOC) Sonatrach reported the discovery of ten new oil and gas deposits in the first half of 2023. Sonatrach is currently conducting a full evaluation of the profitability of the discoveries, with conclusions expected by the end of the current year.
KYIV — Ukrainian military forces said Monday they managed to regain control over four strategically important oil and gas drilling platforms located in the Black Sea near the shores of Russian-occupied Crimea.
The decisions last week by Saudi Arabia to continue its 1 million barrel per day (bpd) production cut to the end of this year and by Russia to extend its 300,000 barrels per day export cut for the same period conspired to push oil prices to their highest level since last November.
Saudi Arabia’s oil giant Aramco has told at least five refiners in North Asia that it would supply the full crude oil volumes by contract next month, Reuters reported on Monday, quoting sources familiar with the plans.
President Nana Addo Dankwa Akufo-Addo Friday commissioned First Oil from the Jubilee South East (JSE) Project.
Tullow Oil ( LON: TLW ) share price has staged a strong recovery in the past few months as investors watch several important corporate news. The stock’s recovery has also accelerated as the price of crude oil continued rebounding. It was trading at 37.06p on Friday, ~68% above the lowest level this year.
Ades Holding, an oil and gas drilling company backed by Saudi Arabia’s Public Investment Fund, plans to raise up to 4.6 billion Saudi riyals ($1.2 billion) from its initial public offering.
HÀ NỘI — Various proposals were put forth by experts and industry insiders to ensure the oil and gas sector keeps pace with the times, overcomes existing challenges, and establishes specialised policies for sustainable growth at a workshop jointly hosted by the Communist Party of Việt Nam (CPV) Central Committee’s Economic Commission and Vietnam National Oil and Gas Group (Petrovietnam) on September 8.
The total number of active drilling rigs in the United States rose by 1 this week, according to new data from Baker Hughes published Friday.
In a mere four years, Guyana went from first discovery to first oil, a rapid timeframe in an industry where it can take years to bring major energy projects online. The former British colony is now a major South American oil producer and global petroleum exporter.