Halliburton and Rhino Resources have delivered two exploration wells within PEL 85 offshore Namibia, the companies announced. These exploration wells are the first to be completed entirely from in-country infrastructure through Halliburton’s newly established operational bases. SourceContinue Reading

EOG Resources, Inc. (EOG) today announced that the company was awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3) by Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA). SourceContinue Reading

Occidental has entered into an agreement with ADNOC’s XRG to evaluate a potential joint venture to develop a Direct Air Capture (DAC) facility in South Texas. As part of the joint venture, XRG will consider investing up to $500 million. SourceContinue Reading

Weatherford has partnered with Amazon Web Services (AWS) in a move to strengthen its digital capabilities. Through the agreement, AWS will support the development of next-generation technologies, further enhancing Weatherford’s Unified Data Model. SourceContinue Reading

Following an R&D program, pipeline intervention specialist STATS Group has designed a Mechanical Pipe Connector to address increased demand in the Norwegian oil and gas sector. Titanium is better suited to high-stress corrosive environments found in the North Sea. SourceContinue Reading

Strathcona Resources has entered into an agreement to sell its assets in the Montney shale formation in western Canada in a shift that makes it a pure heavy oil producer. Strathcona is divesting its gas-focused operations in three separate transactions worth C$2.8 billion ($2 billion USD). SourceContinue Reading

Libya’s latest upstream licensing round has already attracted more than 40 applicants, signaling growing interest in its largely untapped hydrocarbon potential. The update was shared during a ConocoPhillips-sponsored session at the Invest in African Energy Forum. SourceContinue Reading

Global oil demand growth will slow during the remainder of 2025 after a robust first quarter due to “economic headwinds,” the International Energy Agency said. The IEA also downgraded the outlook for U.S. shale oil production due to lower crude prices. SourceContinue Reading

Sinopec has announced a major shale gas exploration breakthrough of its Project Deep Earth – Sichuan and Chongqing Natural Gas Base. The vertical depth of the well reaches over 5,300 m, setting a new record for vertical depth of shale gas wells in China. SourceContinue Reading

Perenco has announced a successful drilling operation for its Onyx well, encountering significant columns of natural gas in two separate geological compartments. The Onyx field is an undeveloped gas discovery located within the TSP license, offshore Trinidad. SourceContinue Reading