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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Crude Oil
03-12-2024

Gran Tierra Makes Oil Discovery in Ecuador
Gran Tierra Energy Inc. has reported a seventh oil discovery in Ecuador, which it said confirmed the significant potential of the Arawana/Zabaleta field area.The Calgary, Alberta-based company said that its Zabaleta-K1 well is the fourth exploration well
United States
03-12-2024

BOEM Alaska OCS Region Gets New Environmental Studies Chief
The United States Bureau of Ocean Energy Management’s (BOEM) Alaska Outer Continental Shelf (OCS) Region has brought a new figure onboard in Heather Parker, who has been appointed chief of the Environmental Studies Program.In a media release, BO
Oil&Gas Drilling
03-12-2024

North America Adds Rigs
North America added three rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on November 27.The U.S. cut one rig week on week and Canada added four rigs during the same timeframe, taking the
Oil&Gas Drilling
03-12-2024

Panama Bars 6 Ships From Flying Its Flag After UK Sanctions
Panama is canceling the registration of six ships sailing under its flag that were sanctioned by the UK last week, a boost for Western nations that have slapped sanctions on Moscow’s oil exports.The Panama Maritime Authority said it will carry o
Crude Oil
03-12-2024

GeoPark to Acquire Colombia Assets from Repsol for $530MM
Latin American oil and gas firm GeoPark Limited is acquiring upstream oil and gas assets in Colombia from Repsol.GeoPark said in a news release that it has signed sale and purchase agreements (SPAs) with Repsol Exploración S.A. and Repsol E&
Natural Gas
03-12-2024

EU Sets Intermediate Targets for 2025 Gas Stockpiling Campaign
The European Commission has set intermediate minimum filling levels for member states’ underground gas storage (UGS) facilities next year toward the annual bloc target of at least 90 percent by November.The implementing regulation specifies targ
Oil Price
02-12-2024

Oil Rises With Focus on China’s Economy, OPEC+ Supply Meeting
Oil rose along with Asian equities on signs of a slow recovery in China’s economy, as traders look to Thursday’s OPEC+ meeting for further direction.Brent futures traded around $72 a barrel after slipping 3% last week, with West Texas
Oil & Gas Trade
02-12-2024

German Oil Refinery Supplies via Poland Unaffected by Leak
Oil supplies to German refineries via Poland were unaffected by a leak reported Sunday in one of the two Druzhba pipeline links, Polish state pipeline operator PERN SA said in a website statement.Emergency workers secured the area around the pipeline near
LNG
02-12-2024

Gazprom Faces More Claims After Austrian Utility Halts Payment
The decision by an Austrian utility to stop paying for supplies from Gazprom PJSC may set a precedent for others to follow as Europe looks to cut its dependence on the Russian gas giant.Gazprom responded by halting supplies to Austria’s OMV AG h
LNG
02-12-2024

FSRU Toscana Offshore Italy Back In Service
OLT Offshore LNG Toscana has resumed full operations at the FSRU Toscana terminal offshore western Italy.Following repairs at a yard in southern France, the FSRU was recently re-installed at the offshore location and reconnected to Italy’s natio
Oil&Gas Drilling
02-12-2024

Velesto Energy Brings Forward Rig Survey Following Contract Suspension
Carigali Hess Operating Company has suspended the contract for the Velesto Energy jackupNAGA 8, due to early completion of the drilling program.Velesto now plans to bring forward the rig’s Special Periodic Survey forNAGA 8to position it for future w
Oil & Gas Supply
02-12-2024

Newmed Energy Balkan Agrees To Join OMV In Black Sea Bulgarian Block
NewMed Energy Balkan has a contingent agreement to acquire a 50% interest in Han Asparuh Block 1-21 Han Asparuh in the western Black Sea from OMV Offshore Bulgaria.Under the proposed transaction, NewMed would cover OMV’s share of the costs of th
Oil & Gas Trade
02-12-2024

Totalenergies Plans $750m Offshore Nigeria Gas Project To Boost LNG Supply
TotalEnergies may greenlight a $750 million gas project in Nigeria next year, potentially signaling that the African nation’s efforts to revive investment in its hydrocarbon production are making progress.Earlier this year, the French company ap
Oil Price
02-12-2024

Geopark Announces Plans To Acquire Repsol Upstream Assets In Colombia
GeoPark has announced the signing of Sales and Purchase Agreements (SPAs) with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire Repsol upstream oil and gas assets in Colombia.The potential acquisition would incorporate high-quality
Oil & Gas Trade
30-11-2024

Invictus Energy To Execute Petroleum Production Sharing Agreement In Zimbabwe
Invictus Energy has announced the completion of an independent review of a PPSA in Zimbabwe by European legal counsel.This review, facilitated by the Africa Legal Service Facility, is a key milestone for Invictus Energy’s exploration and product
Oil & Gas Supply
30-11-2024

Harbour Energy Begins Production At Talbot Development In UK North Sea
Harbour Energyhas started production at its Talbot development, a three-well subsea tieback located around 16km south-east of the Judy platform in the UK North Sea.The company holds a 67% stake in the development, whileIthaca Energyowns the remaining 33%
Oil & Gas Trade
30-11-2024

Gran Tierra Makes Seventh Discovery In Ecuador
Australia’sWoodside Energyaims to bring several partners on board for its Louisiana liquefied natural gas (LNG) project by the first quarter of 2025, reportedReuters, citing CEO Meg O’Neill.The company is looking to sell a 50% stake in
Natural Gas
30-11-2024

Saipem To Construct Platforms, Pipelines For Tangguh Gas/Co2 Capture Project
BP Berau has awarded the Saipem/PT Meindo Elang Indah consortium an EPCI contract for the newly launched Tangguh UCC project in Indonesia’s Papua Barat province.The $1.12-billion contract covers development of the offshore Ubadari field, enhance
Oil Price
30-11-2024

Oil And Gas Drilling Activity To Reach 10-year High In 2025: Industry Group
Canada’s oil and gas well drilling sector is poised to employ more people next year than it has in a decade, but the job growth could be derailed if president-elect Donald Trump makes good on his tariffs threat.The Canadian Association of Energy
Oil Price
30-11-2024

SEB: Speculation Surrounding Potential USA Oil Output Surge Gains Attention
In a Skandinaviska Enskilda Banken AB (SEB) report sent to Rigzone on Thursday, Ole R. Hvalbye, a commodities analyst at the company, said speculation surrounding a potential surge in U.S. oil production - up three million barrels per day - has gained att
Oil & Gas Trade
30-11-2024

Eni Wins Exploration Rights for Four Blocks Offshore Ivory Coast
Côte d’Ivoire has awarded Eni SpA four offshore exploration blocks, allowing the Italian government-controlled energy major to grow a footprint that already includes the two biggest hydrocarbon discoveries in the Western African countr
Oil Price
30-11-2024

Europe's Gasoline Exports Set to Rebound From Post-Covid Low
Europe’s gasoline market, which has struggled with lackluster export demand, is getting a boost as outbound flows in November rebound from a multi-year low.Shipments of gasoline and blending components from the European Union and the UK to other
Oil & Gas Trade
29-11-2024

KCA Deutag Lengthens Drilling Support Arrangement Offshore Norway
KCA Deutag has awarded Axess Group an extension to a frame agreement to provide services to seven platforms offshore Norway.The agreement, first awarded in 2017, has also been expanded to cover two more platforms.Axess’ services include dropped obje
Oil & Gas Trade
29-11-2024

Valeura Starts Up Three More Oil Wells At Jasmine Field Offshore Thailand
Valeura Energy has completed a five-well infill drilling program on its Jasmine field in license B5/27 in the Gulf of Thailand.Three new wells have come onstream from the Jasmine D platform, all drilled as producers.The JSD-42 well, drilled at the crest o
Crude Oil
27-11-2024

China's Major Shale Oil Base Achieves Annual Output Of Over 1 Million Tonnes
The output of China's first national-level shale oil demonstration zone, located in Xinjiang Uygur Autonomous Region, has exceeded 1 million tonnes so far this year, marking a significant breakthrough in the country's shale oil exploitatio

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