Production
News
December 14, 2022
The most recent South Sudan acquisition is set to usher in new opportunities for energy security and affordability in Africa on the back of new exploration and production drives by independents.
News
December 13, 2022
MOSAIC's intelligent framework will enable timely access, collaboration and decision support to Apache stakeholders and management in crucial decision-making activities and reserves reporting.
News
December 12, 2022
Nigeria’s oil production increased by almost 15% during November following the restoration of operations at Shell Plc’s Forcados terminal.
News
December 12, 2022
ADC Energy will provide operational assurance and acceptance services for rig equipment, dynamic positioning, marine and well control, and ROV activity.
News
December 12, 2022
The EU faces a potential shortfall of almost 30 billion cubic meters of natural gas in 2023 – but they can close gaps and avoid shortages by improving energy efficiency, deploying renewables, installing heat pumps, promoting energy savings and increasing gas supplies.
News
December 12, 2022
With over two-thirds of the Permian’s premium land now drilled, producers are seeking more permits than ever to burrow beneath Midland and its 130,000 residents.
News
December 09, 2022
Pulse has completed all on-site construction, solvent storage, commissioning and regulatory approvals, and has begun injecting solvent into its Nisku D Pinnacle Reef.
News
December 09, 2022
Russia may cut its oil production in response to the G-7 cap on the price of its crude, President Vladimir Putin said. A decision on Moscow’s response will be announced in a presidential decree within the next several days
News
December 09, 2022
Houston American Energy Corp. announced the acquisition of an additional interest in Hupecol Meta on Dec. 9. The deal will see Houston American Energy gain ownership of Hupecol's acreage in the CPO-11 block located in Colombia's Llanos basin.
News
December 08, 2022
Earlier this year, UK Chancellor Hunt increased a windfall tax on profits for the sector to 35%, from 25%, and extended it to 2028 to help subsidize energy bills that have soared on natural gas prices.
News
December 08, 2022
Russia’s Energy Ministry rebuffed concerns that the oil price cap imposed by the Group of Seven nations will throw the country’s production into turmoil.
News
December 08, 2022
The US oil operator said Wednesday it will spend $17 billion in 2023 with the Permian Basin accounting for $4 billion of the total spend. This decision comes after U.S. President Joe Biden called on the US energy industry to reinvest more profits in production.
News
December 07, 2022
CNOOC Ltd. announces today that Enping 15-1/10-2/15-2/20-4 oilfields joint development project has commenced production.
News
December 07, 2022
A subsidiary of MRS Holdings Ltd provided the Nigerian National Petroleum Co. $300 million to buy two shallow-water licenses divested by Chevron, according to the state-owned company’s most recent financial statements.
News
December 07, 2022
Chevron will use the facility to process tar-like crude from Venezuela’s fields that will be shipped to U.S. refineries in the Gulf of Mexico under a sanctions waiver granted by the Treasury Department last month. The first shipment of 1 million barrels is expected to be loaded later this month.
News
December 06, 2022
Saudi Arabia plans to allocate more than a third of its current oil output to chemical production by 2030 in a bid to squeeze more value from its bbl as the world shifts toward a low-carbon economy.
News
December 06, 2022
Two months after snubbing U.S. President Joe Biden’s pleas for oil, Saudi Arabia is rolling out the red carpet for his Chinese counterpart, Xi Jinping.
News
December 06, 2022
The U.S. raised its forecast for oil production next year, reversing course after five straight months of cuts that stoked concern about a slowdown in output from shale fields.
News
December 02, 2022
TotalEnergies SE has applied for environmental authorization toward developing its gas discoveries offshore South Africa. Development of the block could potentially revive state-owned PetroSA’s 45,000-barrel-a-day Mossel Bay gas-to-liquids plant, which has run out of feedstock.
News
December 01, 2022
The Biden administration is seeking to stop sales from the Strategic Petroleum Reserve mandated by Congress so it can refill the emergency reserve, a move that could impact the release of 147 million barrels of crude oil.
News
November 29, 2022
BP Trinidad and Tobago, a subsidiary of BP, reported on Tuesday that its Cassia C development has successfully delivered first gas.
