Shell Is Cleared to Drill Deepwater Wells Off South African West Coast
SHELL secures approval to drill up to five deepwater wells in the Orange Basin offshore South Africa. The site’s proximity…
International
Equinor Finds Gas Near Castberg in Norwegian Barents Sea
Equinor ASA and its partners have made a natural gas discovery with preliminary estimates of 1.9-3.1 million barrels of oil…
BP-Eni Joint Venture Finds Gas Offshore Angola
Azule Energy, a joint venture firm between BP and Eni, has made a gas discovery at the Gajajeira-01 exploration well,…
Hess Sued on $53 Billion Chevron Sale as Panel Preps Deal Ruling
Hess Corp.’s planned $53 billion sale to Chevron Corp.—which could close imminently if an arbitration panel rejects a challenge by…
Chevron looks to centralize operations as part of $3 billion cost-reduction strategy
Chevron Corp. is reducing local and regional business units in favor of a more centralized model to improve performance and…
BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development
Libya’s state National Oil Corporation (NOC) reported last Monday (7 July) that BP has confirmed its intention to resume its…
Turkish Firms to Launch Oil and Gas Exploration Offshore Pakistan
Turkish energy firms will explore for oil and gas offshore Pakistan under agreements with local companies, Turkish Foreign Minister Hakan…
ExxonMobil’s new gas discovery springs into view offshore Cyprus
Two energy giants, U.S.-headquartered ExxonMobil and Qatar’s QatarEnergy, have made a new gas find off the coast of Cyprus, using…
OPEC’s latest announcement met with indifference; markets attentive to US tariffs – Rystad Energy’s Oil Market Update
After initially trading in the $65-67 range, Brent futures have rebounded to near the $70 per barrel mark, shrugging off…
Supermajors to Significantly Boost Oil and Gas Output in Nigeria
Supermajors Shell and TotalEnergies expect to raise oil and gas production over the next two years from projects they operate…
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