Horizon Petroleum Ltd. announced substantial progress has been made towards first production from its cornerstone Lachowice gas development in the Bielsko-Biala concession, southern Poland. SourceContinue Reading

Senior officials from three of OPEC’s core producer nations — Saudi Arabia, the United Arab Emirates, and Kuwait — lined up to say that the super-sized addition of supply by the producer club at the weekend was needed by the global market. SourceContinue Reading

With OPEC+ nearing the end of a first phase of major output hikes, the market’s attention is turning to what will come after, say Goldman Sachs analysts. The organization and its allies have been voluntarily holding back a second, smaller tranche of supply, propping up oil prices. SourceContinue Reading

ASTM International is developing a standard (WK92298) that will provide a procedure to measure the rate of evaporation of oil over time and with temperature. The test method aims to measure the properties of oil for environmental modeling.  SourceContinue Reading

Golar LNG’s FLNG Gimi vessel has reached its Commercial Operations Date (COD) under the 20‑year agreement for the Greater Tortue Ahmeyim (GTA) gas project offshore Mauritania and Senegal. COD marks a major milestone in positioning both countries as emerging LNG exporters. SourceContinue Reading

Mach Natural Resources today announced its expansion into the Permian and San Juan basins with two acquisitions valued at a total of $1.3 billion. The assets purchased from Sabinal Energy and IKAV Energy will nearly doubles Mach’s production from 81 Mboed to approximately 152 Mboed, the company said in a news release. SourceContinue Reading

Chevron is reducing local and regional business units in favor of a more centralized model to improve performance and cut as much as $3 billion of costs by 2026. Changes will include single divisions for both offshore and shale operations, says Vice Chairman Mark Nelson. SourceContinue Reading

The NATO Innovation Fund and Investinor will pay $14 million for a stake in Kongsberg Ferrotech, enabling the startup to scale up production of its submersible robot. The first machine already is currently deployed for offshore oil and gas operations in Abu Dhabi. SourceContinue Reading

PXGEO has appointed Hans-Peter Burlid to the newly created position of Chief Strategy & Transformation Officer (CS&TO). Mr Burlid, currently the organization’s CCO, will drive long-term strategic direction to deliver sustainable growth and lasting competitive advantage. SourceContinue Reading

Petro-Victory carried out successful drilling for its AND-5 well, in partnership with Azevedo & Travassos Energia (ATE), The operation utilized the Drake-2 onshore hydraulic rig, with wireline logging by Halliburton and successful installation of 7″ nominal production casing. SourceContinue Reading