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Oando Enters Angola with Onshore Award
'Block KON 13 is strategically located in the prolific Kwanza Onshore Basin which represents significant exploration potential in both pre-salt and post-salt plays, with estimated prospective resources of 770 to 1,100 million barrels of oil'.
7:00 PM EST | January 22, 2025
North America Adds More Rigs
The total North America rig count stands at 809, according to Baker Hughes' latest rotary rig count.
7:00 PM EST | January 19, 2025
H&P Closes KCA Deutag Acquisition
With the acquisition, H&P said it expects to deliver near- and long-term growth and value creation by accelerating its international growth strategy by 'significantly increasing' its Middle East presence.
7:00 PM EST | January 18, 2025
TXO Identifies Potential 3 Tcfe of Gas in San Juan Basin
'On an oil equivalent basis, we believe this could represent as much as five times our current total reserve base.'
7:00 PM EST | January 15, 2025
Norway Awards 53 Offshore Hydrocarbon Production Licenses
Norway's Energy Ministry awarded 53 hydrocarbon production leases on the country's continental shelf under last year's licensing round.
7:00 PM EST | January 14, 2025
Africa Oil Raises Stake in Orange Basin Block to 18 Percent
Africa Oil increased its stake in Block 3B/4B on the South African side of the Orange Basin to 18 percent from 17 percent after completing a transaction with fellow Canadian company Eco.
7:00 PM EST | January 13, 2025
North America Breaks Rig Loss Streak
North America added 117 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
7:00 PM EST | January 13, 2025
SLB Wins Contracts to Support Shell's Global Deepwater Operations
The contracts involve Shell's deepwater and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, Mexico, and others.
7:00 PM EST | January 12, 2025
Oil Companies Skip Auction for Arctic Refuge Drilling Rights
Oil companies declined to bid in a U.S. government auction for drilling rights in the Arctic National Wildlife Refuge.
7:00 PM EST | January 08, 2025
Halliburton, Coterra Launch Autonomous Hydraulic Frac Service
'The service ensures that automation delivers consistent fracture execution of every stage while giving our customers the control they demand over their assets'.
7:00 PM EST | January 07, 2025
TXOGA Issues Winter Weather Situation Report
'Overall conditions have been stable even with the cold temperatures', TXOGA said.
7:00 PM EST | January 06, 2025
IPAA Dubs Biden Ban 'Significant and Catastrophic'
'It represents a major attack on the oil and natural gas industry', IPAA Offshore Committee Chairman Ron Neal said.
7:00 PM EST | January 06, 2025
North America Stretches Rig Loss Streak Into 2025
The total North America rotary rig count stands at 683, according to Baker Hughes.
7:00 PM EST | January 06, 2025
Biden Bars Offshore Oil Drilling in USA Atlantic and Pacific
President Joe Biden is indefinitely blocking offshore oil and gas development in more than 625 million acres of U.S. coastal waters.
7:00 PM EST | January 05, 2025
AccuWeather Says Deep Freeze Could Impact Northeast Natural Gas Production
'Blasts of cold air are expected to trigger a surge in heating demand, leading to higher energy and utility bills', AccuWeather warned.
7:00 PM EST | January 02, 2025
GlobalData Says Digitalization Could Deliver Long Term Benefits to Oil, Gas
In recent years, the oil and gas industry has progressed from using digital technologies for select use cases to making their entire processes digital, GlobalData noted.
7:00 PM EST | January 02, 2025
Biden to Ban More Offshore Oil Drilling Before Trump Arrives
The move is certain to complicate President-elect Donald Trump's ambitions to drive more domestic energy production.
7:00 PM EST | January 02, 2025
Seadrill Exits Jackup Market
Seadrill sold the West Prospero rig to an undisclosed buyer for $45 million, exiting the jack-up sector.
7:00 PM EST | December 31, 2024
Snow Lake Resources Secures Funding for Uranium Exploration Activities
Uranium exploration company Snow Lake Resources Ltd. has secured funding to progress its exploration programs.
7:00 PM EST | December 29, 2024
North America Drops 71 Rigs WoW
North America dropped 71 rigs week on week, according to Baker Hughes' final North America rotary rig count of 2024.
7:00 PM EST | December 29, 2024
Shenandoah S2-4H Horizontal Well Drilling Complete
The well indicated strong gas shows and a continuation of the high-quality shale and rock properties observed in the Shenandoah South 1H and Shenandoah South 2H locations.
7:00 PM EST | December 24, 2024
ProPetro Secures Fourth FORCE Electric Frac Fleet Contract
ProPetro signed a contract to provide electric hydraulic fracturing services to a Permian-focused oil and gas operator.
7:00 PM EST | December 23, 2024
North America Drops 25 Rigs WoW
North America cut 25 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
7:00 PM EST | December 22, 2024
Equinor Makes Discovery Near Troll Field in North Sea
Equinor announced that it has made a discovery 17km (10.5 miles) west of the Troll field in the North Sea.
7:00 PM EST | December 17, 2024
What to Watch in Oil in 2025
Rystad Energy and BMI highlight a range of trends and themes to watch out for next year.
7:00 PM EST | December 17, 2024
Signals from Trump Admin Point to Maximum Pressure on Iran Approach
'Last time Donald Trump was president he drove down Iranian oil exports to close to zero', SEB's chief commodities analyst highlighted.
7:00 PM EST | December 16, 2024
North America Loses More Rigs WoW
North America dropped three rigs week on week, according to Baker Hughes' latest rotary rig count.
7:00 PM EST | December 15, 2024
Abbott Says Texas Economy Will Top France's Thanks to Trump
Abbott predicted that economic output in Texas would soon exceed that of France thanks to booming investment and President-elect Donald Trump's plans to slash regulations on oil, gas and other industries.
7:00 PM EST | December 15, 2024
Serica Acquires Assets in the North Sea
Serica Energy has secured a 50 percent working interest in licenses P2400 (Skerryvore) and P2634 (Fynn Beauly) in the North Sea.
7:00 PM EST | December 15, 2024
Oil, Gas Groups Issue 'Urgent Call' to House Speaker
The Energy Workforce & Technology Council said a coalition of oil and gas trade associations 'has issued an urgent call to House Speaker Mike Johnson'.
7:00 PM EST | December 15, 2024
Colombia Energy Chief Pushes to Pump First Offshore Gas Sooner
Colombia wants to shorten the production timeline at its biggest deepwater discovery, the nation's energy chief said.
7:00 PM EST | December 13, 2024
Seplat to Revive Hundreds of Exxon's Old Idle Nigerian Oil Wells
Nigeria approved Exxon's sale of the assets to the independent energy supplier in October.
7:00 PM EST | December 12, 2024
Energy Groups Comment on BOEM's 'Next Steps' for GOM Leasing Program
The API and NOIA have their say.
7:00 PM EST | December 11, 2024
Exxon Raises Capital Spending as Worldwide Oil Glut Looms
Exxon plans to spend between $27 billion and $29 billion of cash in 2025.
7:00 PM EST | December 10, 2024
WoodMac Says Shell, Equinor Combination Creates New UK Superpower
'It is clear the UK is still attractive for some companies', Wood Mackenzie highlighted.
7:00 PM EST | December 09, 2024
North America Goes Back to Losing Rigs
The total North America rotary rig count now stands at 783, according to Baker Hughes.
7:00 PM EST | December 08, 2024
Ecopetrol Confirms Largest Gas Find in Colombia's History
This discovery could increase the country's current gas reserves by 200 percent, Ecopetrol highlighted.
7:00 PM EST | December 08, 2024
Petronas Inks Four PSCs for Mostly Proven Assets in Malaysia
Three PSCs cover nine discovered fields located mostly in Sabah.
7:00 PM EST | December 05, 2024
DNO Declares Discovery in 'Dry Belt' of Norwegian North Sea
DNO put the size of the PL 1086 discovery between 27 MMboe and 57 MMboe.
7:00 PM EST | December 02, 2024
North America Adds Rigs
The total North America rig count now stands at 787, according to Baker Hughes.
7:00 PM EST | December 01, 2024
OEUK Chief Hails Awards Event
OEUK Chief Executive David Whitehouse hailed this year's OEUK awards ceremony, calling it 'the largest awards event we've had for a decade'.
7:00 PM EST | December 01, 2024
Israel's NewMed Energy to Farm into Exploration Block Offshore Bulgaria
NewMed Energy signed an agreement to buy a 50 percent stake in the Han Asparuh block, located on Bulgaria's side of the Black Sea, from OMV Petrom.
7:00 PM EST | December 01, 2024
Union Jack Confirms Potential of Oklahoma Well
The Hunton Limestone interval was encountered at 4,168 feet and was confirmed to be hydrocarbon-bearing, appearing to be highly porous and permeable.
7:00 PM EST | November 30, 2024
ReconAfrica Completes Drilling of First Well in Namibia
The company has drilled the Naingopo exploration well to a total depth of 13,727 feet (4,184 meters).
7:00 PM EST | November 29, 2024
Eni Wins Exploration Rights for Four Blocks Offshore Ivory Coast
The new nine-year licenses allow Eni to grow a footprint that already includes the two biggest hydrocarbon discoveries in the Western African country.
7:00 PM EST | November 28, 2024
Atlantic Hurricane Season Featured Record Breaking Ramp Up After Lull
NOAA said this year's Atlantic hurricane season 'showcased above-average activity, with a record-breaking ramp up following a peak-season lull'.
7:00 PM EST | November 27, 2024
Baker Hughes Expands Footprint in Namibia with Multiple Facilities
Baker Hughes opened a liquid mud plant, cement bulk facility, and integrated multi-modal facility in Namibia.
7:00 PM EST | November 27, 2024
Harbour Energy Confirms North Sea Vessel-Rig Collision
'As a precautionary measure, 52 non-essential personnel have been downmanned from the Valaris 120 installation' Harbour Energy said.
7:00 PM EST | November 26, 2024
Seatrium Joins Forces with CSL to Work on Jack-Up Rigs for Indian Market
Seatrium signed an agreement with Cochin Shipyard to collaborate on the design and supply of critical equipment for jack-up rigs for the Indian market.
7:00 PM EST | November 26, 2024
Exxon Says 'Drill, Baby, Drill' Is Unlikely Under Trump
The U.S. is pumping more than 13 million barrels of crude a day.
7:00 PM EST | November 25, 2024