The Onshore Block 2, located within the Al Dhafra region of Abu Dhabi covering an area of over 7300 km2, is PETRONAS Abu Dhabi’s third concession, following the Unconventional Block 5 in 2024 and the Unconventional Block 1 in 2022. SourceContinue Reading
TotalEnergies has signed an agreement with Lewis Energy Group to acquire a 45% interest in dry gas producing assets owned and operated by Lewis Energy Group in the Eagle Ford basin in Texas. SourceContinue Reading
The supermajor is working on developing the deepwater Owo project, Nigerian Vice President Kashim Shettima said after meeting Exxon Nigeria chairman Shane Harris. The company also proposed to spend $2.5 billion annually to boost oil output by 50,000 bpd over the next few years, Shettima said. SourceContinue Reading
U.S. Oil Drilling Sags: Baker Hughes | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Sep 27, 2024, 12:16 PM CDT The total number of active drilling rigs for oil and gas...Continue Reading
Crude prices are seeing a sharp rise today, with WTI trading at $68.52 per barrel, up 1.26%, and Brent crude at $72.27 per barrel, up 0.94%. These gains are driven primarily by escalating tensions in the Middle East, particularly the intensifying conflict between Israel and Hezbollah. This volatility is prompting fears of further disruptions to...Continue Reading
Conoco Court Win Sends Venezuela’s Gas Money Up In Smoke | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Sep 27, 2024, 11:34 AM CDT ConocoPhillips has taken a significant step forward...Continue Reading
WTI Houston Crude Prices Gain Prominence as U.S. Oil Exports Jump | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 27, 2024, 10:15 AM CDT The benchmark crude prices at Houston have seen increased trading volumes as the rise in U.S. crude oil exports out...Continue Reading
India Could Boost Its Refining Capacity by 800,000 Bpd by 2030 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 27, 2024, 9:00 AM CDT Indian refiners are expected to raise their total refining capacity by up to 800,000 barrels per day (bpd) by the...Continue Reading
Oversupply Fears Are Pushing Oil Prices Lower | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Premium Content By Michael Kern – Sep 27, 2024, 8:45 AM CDT Fear of an oversupply of oil on the back of reports that Saudi Arabia is considering returning to its...Continue Reading
A Dangerous Game of Red Sea Influence | OilPrice.com Premium Content By Editorial Dept – Sep 27, 2024, 8:30 AM CDT Russia-Ukraine, Israel-Gaza, and the relentless targeting of Red Sea shipping by Yemen’s Houthis are not micro conflicts unfolding in a vacuum, and the Horn of Africa is where attention should be shifting as the...Continue Reading
