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
bp Plc has agreed to sell its U.S. onshore wind business to LS Power, as the company continues efforts to pivot back toward its core oil and gas business and reverse years of share underperformance. SourceContinue Reading
Chevron has won its arbitration battle with ExxonMobil and successfully closed its $53 billion deal to buy Hess Corp. more than 20 months after the takeover was announced. Acquiring Hess and its stake in Guyana significantly increases the quality of Chevron’s oil assets beyond the Permian basin, analysts said. SourceContinue Reading
