MariEnergies has announced an oil discovery at its Shawal-1 exploration well, located in the Mari Development and Production Lease (Mari D&PL). MariEnergies operates Pakistan’s largest gas reservoir in the Mari D&PL area and is the nation’s second-largest gas producer. SourceContinue Reading
The UK’s remaining proven and probable oil and gas reserves were estimated at 2.9 billion barrels of oil equivalent (boe) at the end of 2024, according to the latest Reserves and Resources Report published by the North Sea Transition Authority (NSTA). SourceContinue Reading
MariEnergies has announced an oil discovery at its Shawal-1 exploration well, located in the Mari Development and Production Lease (Mari D&PL). MariEnergies operates Pakistan’s largest gas reservoir in the Mari D&PL area and is the nation’s second-largest gas producer. SourceContinue Reading
Inpex CEO Takayuki Ueda says Indonesia is pressing to accelerate the $20 billion Abadi LNG development as domestic and regional gas demand surges. The project, targeting 9.5 MMtpa of LNG capacity, remains on track for a 2027 FID despite cost and design challenges. SourceContinue Reading
Oil prices are on track for a third consecutive weekly loss as global oversupply forecasts and renewed US-China trade tensions weigh on market sentiment. Brent crude traded near $60 a barrel, with analysts citing slowing demand growth and rising inventories as key factors. SourceContinue Reading
GeoPark has finalized its acquisition of the Loma Jarillosa Este and Puesto Silva Oeste blocks from Pluspetrol in Argentina’s Vaca Muerta formation, marking its formal entry as operator in one of South America’s most productive unconventional oil regions. SourceContinue Reading
The 2025 Gulf Energy Information Excellence Awards in Houston honored this year’s upstream innovators, including SLB, Saudi Aramco, Halliburton, ExxonMobil, Baker Hughes, Oil States, NOV and Reliance Industries. Winners were recognized for advancements in deepwater and drilling technologies, digital transformation, completions and more. SourceContinue Reading
The 2025 Gulf Energy Information Excellence Awards® was held on Thursday evening at the Post Oak Hotel in Houston, Texas (U.S.). The black-tie gala recognized the energy industry’s leading innovations and thought leaders. SourceContinue Reading
Suriname is rapidly rising as the Caribbean’s next major oil and gas hub, driven by deepwater discoveries in the Guyana–Suriname basin. The nation anticipates first production in 2028 and new investments by TotalEnergies, APA, and Petronas. SourceContinue Reading
Equinor and partners ExxonMobil, Petrogal Brasil, and PPSA have started production from the Bacalhau field in Brazil’s Santos basin. With recoverable reserves exceeding 1 billion boe and a 220,000 bpd FPSO, Bacalhau is Equinor’s largest international project. SourceContinue Reading
