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Gas
Oil Field
Equinor Exits Nigeria, Completes $1.2bn Asset Sale to Chappal Energies
Equinor (EQNR.OL) has officially announced its exit from Nigeria after three decades of operations, concluding the sale of its assets to Chappal Energies for $1…
Crude Oil
Indonesia’s Pertamina Has Signed Oil Block Contract -Regulator
Indonesian state energy firm PT Pertamina has signed a production sharing contract with the government for the country's second-largest crude producing fiel…
Oil&Gas Drilling
Bauchi Restates Support for Oil Exploration
The Bauchi State Government has reaffirmed its commitment to supporting the actualisation of crude oil exploration at the Kolmani Oil Field, pledging to provide…
Natural Gas
Partners in Norwegian Sea Gas Discovery Mulling Over Tie-Back to Existing Infrastructure
Harbour Energy, former Wintershall Dea, has undertaken appraisal activities with one of Transocean’s rigs at a gas discovery in the Norwegian Sea, 270 kil…
Oil Price
US Agency Expects Oil Production to Grow in 2025 Despite Opec+ Decision
The US Energy Information Administration (EIA) expects global oil production to increase next year, with the bulk coming from countries outside the Opec+ group.…
Oil Field
North Sea Harald East Well Starts Production
TotalEnergies has brought onstream the Harald East Middle Jurassic well in the Danish North Sea.TotalEnergies has brought onstream the Harald East Middle Jurass…
Natural Gas
Oil Ministry to Sign Gas Output Expansion Contracts by Year-End
Speaking on the sidelines of the Gas Exporting Countries Forum (GECF) Ministerial Meeting, Paknejad told reporters that the agreements will significantly boost …
Natural Gas
US Natgas Output to Decline as Demand Hits Record High in 2024, EIA Says
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Ter…
Natural Gas
TotalEnergies Completes Acquisition of SapuraOMV Upstream Assets in Malaysia
TotalEnergies has completed the acquisition of the interests of OMV and Sapura Upstream Assets in SapuraOMV Upstream, an independent gas producer based in Malay…
Crude Oil
Argentina Hydrocarbon Production Nears Record Highs
Crude oil and natural gas production in Argentina are both nearing record highs, driven by increasing output from Vaca Muerta shale formation, which is offsetti…
Oil Price
Saudi Arabia Cuts Oil Prices
Saudi Arabia is cutting oil prices for buyers in Asia by more than expected after OPEC+ further delayed an output revival, underscoring how the outlook for the …
Natural Gas
Gas Prices Rise for Eighth Week Straight
The prices of gas and diesel at Korean gas stations rose for the eighth consecutive week, the Korea National Oil Corporation said Saturday.The average gasoline …
Oil&Gas Drilling
48 Billion Boe Potential: Indonesia Offers Six More Blocks
Indonesia’s Ministry of Energy & Mineral Resources (ESDM) has unveiled the country’s second acreage offering of 2024.Six blocks are on the table wit…
Oil Exploration
Bangladesh Gears up to Restart Offshore Oil, Gas Exploration With Fresh Bidding Process
The last time gas was discorvered in the sea was 11 years ago and the only things that have happened since are discussions and speculations.However, momentum is…
Oil & Gas Technology
Iran Offers Cooperation With Gas Exporting Countries in Oil and Gas Technologies
Azim Kalantari-Asl, speaking during a visit by GECF ministerial delegates to the research facility, outlined key areas for collaboration, including gas reservoi…
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