Oil and natural gas

Natural Gas

Petrobras Informs About New Law for the Oil and Gas Sector

Petrobras informs that the Brazilian government enacted Law 15,075/2024, dated December 26, 2024, which addresses the possibility of transfer of local content s…

Natural Gas

Shell to Explore for Oil and Gas in the Black Sea

Shell Exploration and Production (96) B.V, a subsidiary of Shell, will explore for oil and natural gas in Block 1-26 Khan Tervel, located in Bulgaria's excl…

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 & Gas Trade

America's Oil, Natural Gas Producers Outline Priorities To Trump Transition Team

Today the Independent Petroleum Association of America (IPAA) presented its issue priorities to the Trump Transition team. IPAA members are the primary producer…

Oil & Gas Trade

Coterra To Buy Permian Shale Assets In $4 Billion Deal

Texas oil and natural gas producer Coterra Energy Inc. has reached agreements with two closely-held companies to buy assets in the Permian Basin for $3.95 billi…

Oil&Gas Drilling

UK Likely To Unlock £10 Billion Worth Of North Sea Oil & Gas With Encouraging Fiscal Regime, Woodmac Finds

Given the rising focus on energy security, Wood Mackenzie, an energy intelligence group, has pointed out that the United Kingdom (UK) could get its hands on an …

Crude Oil

US Oil/gas Rig Count Steady This Week, Pennsylvania Falls To 17-year Low, Baker Hughes Says

U.S. energy firms kept the number of oil and natural gas rigs unchanged this week, with the count falling to a 17-year low in Pennsylvania, energy services firm…

Oil&Gas Drilling

Talos Energy Strikes Oil and Gas in Gulf of Mexico

U.S. company Talos Energy (TALO.N), opens new tab said on Thursday it had discovered commercial quantities of oil and natural gas in a subsea well in the Gulf o…

Oil&Gas Drilling

US Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes Says

The logo of Baker Hughes (BKR) is seen in this image provided July 21, 2020. Baker Hughes/Handout via REUTERS/File Photo Purchase Licensing RightsU.S. energy fi…

Oil&Gas Drilling

US Drillers Cut Oil and Gas Rigs for Second Time in Three Weeks

Drill pipe is seen on a drilling site in the Permian Basin oil and natural gas production area near Wink, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File P…

Geothermal Drilling

Geothermal Drilling Resumes for Puga Valley Geothermal Project, Ladakh, India

Drilling site, Puga Valley, Ladakh, India (source: ISOR/ Bastien Poux)After a two-year setback, drilling operations have started again for the geothermal projec…

Oil&Gas Drilling

US Oil/Gas Rig Count Rises in July in Biggest Monthly Hike Since Nov 2022 - Baker Hughes

U.S. energy firms this week added oil and natural gas rigs for a second week in a row, boosting the monthly count by the most since November 2022, energy servic…

Oil&Gas Drilling

US Drillers Add Oil and Gas Rigs for Second Time in Three Weeks, Baker Hughes Says

An offshore oil rig platform is photographed in Huntington Beach, California, U.S. July 4, 2024. REUTERS/Etienne Laurent/File Photo Purchase Licensing RightsU.S…

Oil & Gas Trade

India ONGC to Pay Equinor $60 Mln for Stake in Caspian Sea Oil Assets

Cows graze next to an Oil and Natural Gas Corp's (ONGC) well in an oil field on the outskirts of Ahmedabad, India, September 8, 2016. Picture taken Septembe…

Oil & Gas Trade

Conocophillips to Buy Marathon Oil in $22.5 Bln Deal in Latest Energy Merger

The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British C…