(Bloomberg) – A flurry of oil projects from Brazil to Saudi Arabia are set to come online this year, providing the biggest infusion of new crude production in more than a decade, according to analysts […]
*Global oil flow. Tokyo/Singapore — Oil prices inched up on Monday as investors weighed the impact of fresh U.S. sanctions on Iranian exports against ceasefire talks aimed at ending the Russia-Ukraine war, which could lead […]
Reconnaissance Energy Africa Ltd. continues to pursue activities relating to the drilling of Prospect I. To date, initial surveying activity has been completed, with debushing activities ongoing and demining activities set to be undertaken in […]
*The fire explosion on NLNG pipeline along Soku-Abua-Rumuji right of way in Rivers State. Mkpoikana Udoma Port Harcourt — A fresh fire explosion has rocked a pipeline operated by the Nigeria LNG Limited, along Soku-Abua-Rumuji […]
Baker Hughes announced Thursday a major, multi-year fully integrated completions systems contract with Petrobras. The award followed an open tender and will leverage Baker Hughes’ innovative completions technology portfolio and extensive experience in Brazil to […]
Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). The $905 million […]
Reelwell AS has secured a strategic equity investment by Odfjell Technology, the company announced today. The deal sees Odfjell Technology purchase a 10% stake in Reelwell for 40 million NOK. The investment will be used […]
North Dakota is the third-largest oil producing state in the U.S. U.S. crude futures have been trading below $70 a barrel for the last three weeks, according to data from LSEG, with investor sentiment partly […]
Video footage showed a blaze at the Sudzha facility, which is located inside Russia several hundred metres from the Ukrainian border. It is inside a pocket of Russian territory that had been captured by Ukrainian […]
Shell Brasil, a subsidiary of Shell plc, has taken the Final Investment Decision (FID) for Gato do Mato, a deepwater project in the pre-salt area of the Santos Basin, offshore Brazil. The Gato do Mato […]
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