Oil and Natural Gas Corporation Limited (ONGC) and bp have signed a contract under which bp will serve as the Technical Services Provider (TSP) for the Mumbai High field, India’s largest and most prolific offshore oil field. SourceContinue Reading
Bluewater, a specialist energy private equity firm, has agreed to sell Apex International Energy, an independent E&P company focused on the prolific Egyptian upstream market. Apex has become a top ten producer in Egypt in less than two years from oil discovery. SourceContinue Reading
The Energy Workforce & Technology Council has released its monthly jobs report, analyzing employment trends within the U.S. energy services sector for January 2025. SourceContinue Reading
INEOS has selected ITT’s Svanehøj to supply CO₂ pumps for the onshore facility and the first LCO₂ carrier for Project Greensand in the Danish North Sea. The significant order further strengthens Svanehøj’s position in carbon capture and storage (CCS). SourceContinue Reading
Petro-Victory Energy has signed a sales & purchase agreement (SPA) in 50/50 partnership with Azevedo & Travassos Petroleo (ATO) for 13 oil fields located in the Potiguar Basin, onshore Brazil, from seller Brava Energia. SourceContinue Reading
Falcon Oil & Gas announced the completion the Shenandoah S2-2H ST1 stimulation in the Beetaloo Sub-basin, Northern Territory, Australia with joint venture partner, Tamboran. SourceContinue Reading
Bayswater Exploration and Production has entered into an agreement to sell assets in the Denver Julesburg Basin (DJ Basin) to Prairie Operating Company in a cash and stock transaction valued at approximately $603 million. SourceContinue Reading
(Bloomberg) – New terminal construction faces uncertainty after 2024 U.S. crude exports expanded at the slowest since the COVID pandemic, and U.S. oil-production growth slows as drillers prioritize returns to investors and capital discipline, Chevron said. SourceContinue Reading
(Bloomberg) – UK Energy Secretary Ed Miliband’s pending decision on the Rosebank site highlights the conflicting goals of the government to drive economic growth while simultaneously reducing the emissions that contribute to global warming. SourceContinue Reading
CNOOC announced that Bozhong 26-6 Oilfield Development Project (Phase I) has commenced production. A total of 33 development wells are planned to be commissioned, with expected peak production of approx. 22,300 boed in 2025. SourceContinue Reading
