Oil exploration

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 Drilling

Drillship for East Sea Gas Exploration Project Arrives in Busan

A drillship tasked with initiating the drilling operation for a major gas and oil exploration project in the East Sea arrived Monday at an offshore anchorage ne…

Oil&Gas Drilling

Petro Matad Set To Start Oil Production From Heron-1 Well In Mongolia This Week

Petro Matad, a Mongolia-based oil exploration company, has announced its schedule for the commencement of oil production at the Heron-1 well within the Block XX…

China

CNOOC Sees Record Oil and Gas Output From Independent Field

China National Offshore Oil Corporation (CNOOC) has revealed a record cumulative production of nine billion cubic metres (bcm) of natural gas and more than 900,…

Oil & Gas Supply

OPEC+ Discussing Delay to Planned Oil Output Hike in October, Sources Say

A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leo…

Oil & Gas Supply

Exxon Forecasts 2050 Oil Demand to Match Today’s, 25% Above BP Estimate

A 3D printed natural gas pipeline is placed in front of displayed ExxonMobil logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/F…

Oil Exploration

BP Electrifies 95% of Permian Wells, Boosts Production by 100,000 Barrels Daily

bp's U.S. onshore oil and gas division, bpx energy, has emerged as a leading player in the onshore sector, delivering some of the most productive and high-v…

Oil Exploration

Shell to Increase Volume Capacity at Deepwater Field Thanks to Water Injection

Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, has taken the final investment decision (FID) on a waterflood project at its U.S. Gulf …

Oil Field

Prax Group Replacing Totalenergies in Five West of Shetland Gas Fields

TotalEnergies' west of Shetland gas project encompasses the Laggan-Tormore offshore fields, the onshore Shetland Gas Plant, the Edradour and Glenlivet offsh…

Oil & Gas Supply

Nigeria's Aiteo Resumes Production After Leak at 50,000 Bpd Oilfield

Nigerian energy firm Aiteo has resumed production after stopping an oil leak at its nearly 50,000 barrels per day (bpd) Nembe field earlier this week in souther…

Oil&Gas Drilling

Angola: Sonangol and Chevron Sign Contracts for Oil Exploration in Lower Congo

Sonangol and Cabinda Gulf Oil Company Limited (CABGOC), Chevron's subsidiary in Angola, on Tuesday in Luanda signed two 'Risk Services Contracts' fo…

Oil Exploration

Petrobras Taps Seatrium for Construction of $8.15 Billion FPSO Pair

Brazilian state-owned oil and gas giant Petrobras has hired Singapore-headquartered Seatrium Limited for the supply of two floating production, storage, and off…

Oil & Gas Trade

China's CNOOC Signs Oil Exploration, Production Contracts With Mozambique

Men wearing face masks walk past a sign of China National Offshore Oil Corp (CNOOC) outside its headquarters in Beijing, China March 8, 2021. REUTERS/Tingshu Wa…

Oil&Gas Drilling

FG, UAE Plan New Oil Exploration Deal

The Federal Government, on Monday, urged the United Arab Emirates to invest in the renewal and reconstruction of the more than 50-year-old oil pipelines in Nige…