Uganda has unveiled “Pearl Sweet” as the export grade for crude produced from the Tilenga and Kingfisher developments, as the $15 billion integrated oil project moves toward first production and exports. SourceContinue Reading
Eni has expanded its offshore Uruguay exploration position, taking operatorship and a 50% interest in the OFF-5 block while agreeing to acquire a 40% stake in the adjacent APA-operated OFF-6 block. SourceContinue Reading
More than a dozen energy agreements are expected as Venezuela moves to expand crude production, with U.S. Energy Secretary Chris Wright saying China will not have debt claims on revenue generated by newly developed oil fields. SourceContinue Reading
Chevron plans to invest more than $7 billion in Venezuela over the next five years and more than double production to approximately 600,000 bpd after securing additional acreage in the Orinoco Belt. SourceContinue Reading
Subsea7 has secured a $50–150 million contract from LLOG Exploration for the deepwater Who Dat East development in the U.S. Gulf, including installation of a 29-km riser and pipe-in-pipe system. SourceContinue Reading
Horizon Petroleum has completed the mechanical phase of its Lachowice 7 well workover in southern Poland and is preparing to re-perforate, acid stimulate and production test the gas-bearing Upper Devonian reservoir. SourceContinue Reading
Weatherford has completed its acquisition of NCS Multistage, adding well completions and reservoir diagnostics technologies while strengthening its oilfield services portfolio in North America and other markets. SourceContinue Reading
Viridien has launched an 18-month subsurface study covering approximately 60,000 km² of onshore Sabah, working with Petronas to assess hydrocarbon prospectivity and identify potential oil and gas exploration opportunities. SourceContinue Reading
Comstock Resources has announced a $1.65 billion strategic partnership with SOCAR and a $450 million drilling venture with Jerry Jones to accelerate development of its Legacy and Western Haynesville natural gas assets. SourceContinue Reading
A new U.S.-Venezuela oil agreement covers 17 fields containing approximately 65 Bbbl of proven reserves, with North American Blue Energy Partners planning up to $100 billion in investment to expand Venezuelan oil production and infrastructure. SourceContinue Reading
