Azule Energy, a joint venture owned equally by bp and Eni, has made a major gas discovery at its Gajajeira-01 exploration well, offshore Angola. The results confirm the presence of hydrocarbons and open new exploration opportunities in the area, Azule said in a statement Monday. SourceContinue Reading
Falcon Oil & Gas Ltd. has completed successful flow-rate tests and commenced its 2025 drilling campaign in Australia’s Beetaloo sub-basin. The flow rate results are comparable to top shale wells in the U.S., and the three-well drilling campaign will be the largest in the Beetaloo to-date, said Falcon’s CEO. SourceContinue Reading
Tullow Oil and Kenya’s Gulf Energy Ltd. have secured an extension to submit a development plan for fields in Kenya, a crucial step to completing a sale of the assets. Tullow agreed to sell the oil deposits to Gulf Energy in April, after struggling for more than a decade to bring them on stream. SourceContinue Reading
Expro has been awarded a major three-year contract by Woodside Energy in support of the Trion deepwater oil and gas development offshore Mexico. Expro will provide industry-leading tubular running services (TRS) and cementing services for what will be Mexico’s first deepwater oil production facility. SourceContinue Reading
Saudi Arabia raised crude output far above its OPEC+ quota last month, joining other producers in a rush to export oil out of the Persian Gulf as Israel went to war with Iran, according to the International Energy Agency. SourceContinue Reading
bp Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, offering a boost for the energy major struggling to reverse years of underperformance. SourceContinue Reading
Rising Phoenix Capital has acquired additional mineral rights in the Midland basin operated by ConocoPhillips. The assets were acquired through the firm’s Maroon Bells Fund, an income-focused mineral portfolio that has delivered consistent cash distributions. SourceContinue Reading
Xecta has expanded its partnership with Santos to scale the deployment of the Integrated Production System Model (IPSM) across the company’s assets in Eastern Australia and Papua New Guinea. The five-year agreement follows a successful rollout in the Cooper basin. SourceContinue Reading
West Texas Intermediate advanced almost 3% to settle above $68 a barrel after U.S. President Donald Trump said he plans to make a “major statement” on Russia on Monday and reiterated criticism of President Vladimir Putin. SourceContinue Reading
Perenco has completed its acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalization of the deal, combined with Perenco’s existing operatios, aligns Perenco as a major oil and gas producer in country. SourceContinue Reading
