CEPetroleum (CEP) has made a significant oil discovery in its Wolin East 1 well, offshore Poland. CEP estimates the discovery as the largest conventional hydrocarbon field yet found in Poland, and one of the largest conventional oil discoveries in Europe in the past decade. SourceContinue Reading
bp Plc appointed the former boss of a building-materials company as its new chairman, replacing Helge Lund amid pressure for a change in the company’s direction from activist shareholder Elliott Investment Management. SourceContinue Reading
Vår Energi has made a commercial gas and condensate discovery in the Vidsyn exploration well in the Norwegian Sea. The discovery was made on the Vidsyn ridge, which has the potential to hold up to 100 MMboe gross, Vår Energi stated. SourceContinue Reading
Ghana’s oil and gas sector is showing signs of resurgence, underscored by Eni’s recent declaration of commerciality for the Eban-Akoma offshore development, and the recent license extension secured by Tullow Oil and partners for the Jubilee and TEN fields. SourceContinue Reading
Chevron’s victory in a lengthy arbitration initiated by Exxon allowed the $53 billion takeover of Hess Corp. to proceed. With Exxon being the majority owner and operator of the disputed Guyana oil fields, the two oil giants face a new challenge: collaboration. SourceContinue Reading
California Governor Gavin Newsom is proposing a bill to streamline permitting for new oil wells that environmental groups say would wipe out scrutiny of the industry. SourceContinue Reading
Citing the latest report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) indicated a decrease in upstream employment in Texas in June following two months of consecutive job growth. SourceContinue Reading
ExxonMobil released a formal statement on Friday following a ruling by the International Chamber of Commerce (ICC) Tribunal related to its contractual dispute with Hess Corporation over interests in the Stabroek Block offshore Guyana. SourceContinue Reading
SLB, the world’s largest oil-services provider, sees resiliency in the industry and remains constructive about the second half of 2025 despite uncertainties in customer demand. SourceContinue Reading
ExxonMobil released a formal statement on Friday following a ruling by the International Chamber of Commerce (ICC) Tribunal related to its contractual dispute with Hess Corporation over interests in the Stabroek Block offshore Guyana. SourceContinue Reading
