The deal commits Cheiron to a minimum investment of more than $42 million to drill three exploration wells and reprocess seismic data, as part of efforts to assess the area’s potential and find additional gas resources. Minister of Petroleum and Mineral Resources Karim Badawi said the new agreements were an important step towards speeding up […]
Tullow Oil expects full-year production at the top end of its guidance after a strong first half in Ghana, although refinancing costs pushed it deeper into the red. The Ghana-focused oil producer pumped an average of 43,700 barrels of oil equivalent a day in the six months to June, up from 40,600 a year earlier. […]
Woodside Energy Group Ltd said Monday its proven and probable (2P) reserves grew last year, with three billion barrels of oil equivalent (Bboe) remaining at yearend.
Petrobras (NYSE:PBR) is one of the largest oil and gas producers in the world. The Brazilian company is mainly dedicated to exploration and production, refining, energy generation, and marketing.
Exxon has estimated the size of a natural gas discovery off the coast of Cyprus at between 8 and 9 trillion cubic feet, local media has reported, citing a meeting between the supermajor and the president of the island nation.
Yeongil Bay oil and gas reserves valued at five times Samsung Electronics’ market cap
China’s onshore oil inventories have fallen, signaling a potential increase in international market purchases.
Beijing’s oil consumption and reserve levels are key to global price trajectories, with moderate restocking expected due to economic struggles.
While China’s crude imports reached a record high in 2023, its strategic reserve replenishment in 2024 is expected to be cautious and focused on refinery use
Natural gas has been hailed as the bridge between a fossil fuel past and a low-carbon future. It has also been demonized as a Trojan horse for the fossil fuel industry to continue to be relevant in that low-carbon future envisioned by the architects of the transition.