The transaction adds more than 8 MMboe in reserves and resources net to DNO. In terms of production, the acquired assets delivered approximately 3,000 boed in the first half of 2024, expected to rise to above 5,000 boed in 2026 as the Verdande contribution kicks in. SourceContinue Reading

Slim has consistently ramped up his investments in Talos and US refiner PBF Energy Inc. over the past year in a sign that the 84-year-old billionaire sees plenty of upside in the oil and gas industry. In his native Mexico, Slim has partnered with Talos to explore one of the country’s most promising new discoveries...Continue Reading

Can Saudi Arabia Actually Afford Vision 2030? | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Sep 08, 2024, 4:00 PM CDT Saudi Arabia’s breakeven oil price has risen due to increased spending...Continue Reading

According to the Railroad Commission of Texas, the agency plugged 1,012 orphan wells in Fiscal Year 2024 using state funds. This exceeded the fiscal year’s goal of plugging 1,000 wells with state funds, making it the eighth year in a row in which the RRC has surpassed its legislative target. SourceContinue Reading

The plant, located in offshore Akwa Ibom state in the oil-rich Niger Delta, is expected to be commissioned in 2028, with first gas a year later. It will produce LNG, petroleum gas and condensate. SourceContinue Reading

Uzbekistan’s Green Energy Revolution | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Sep 08, 2024, 2:00 PM CDT Uzbekistan is nearing completion of a 150 MW/300 MWh battery...Continue Reading

The hedge fund veteran and founder of Hayman Capital Management says the backlash that’s been building against environmental, social and governance (ESG) investing in recent years is largely due to climate activists’ demands that oil and gas be abandoned here and now. As a proposition, that was never tenable or even responsible, he says. SourceContinue Reading

A fight over Gulf of Mexico oil production is looming in Washington as U.S. regulators race to redo guidance on how to protect endangered species ahead of a deadline that could ultimately threaten about 15% of the nation’s crude output. SourceContinue Reading

Transocean announced that Reliance Industries Limited awarded a binding Letter of Award for the Dhirubhai Deepwater KG1 for six wells offshore India. The estimated 300-day program is expected to commence in the second quarter of 2026. SourceContinue Reading

Solving Nuclear Energy’s Biggest Problem | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Sep 08, 2024, 12:00 PM CDT New methods like recycling in fast neutron reactors...Continue Reading