Since its creation in 2019, the Permian Strategic Partnership has doubled its membership and committed $153 million in philanthropic investments to generate over $1.5 billion in community support and collaborative investments. SourceContinue Reading

Boasting 18 discoveries in Block 15 alone, ExxonMobil is intensifying its exploration and production activities in the country, aligning with national objectives to maintain production above 1.1 MMbpd through 2027. SourceContinue Reading

Hot weather has contributed to a wildfire outbreak in Western Canada, with 170 burning in Alberta alone — 53 of them out of control. The equivalent of about 388,000 bpd of oil production and 13,400 bpd of natural gas are within 10 km (6.2 miles) of blazes that are at least 10 hectares (25 acres)...Continue Reading

TechnipFMC has been awarded a “substantial” contract by Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil. The contract covers the design, engineering, and manufacture of flexible pipe for water injection and gas lift. SourceContinue Reading

Recent exploration in deepwater and neighboring regions has revealed significant potential in the Cretaceous channel sand plays and shelf clastics above the carbonate platform. Untapped potential also exists in the carbonate platform and syn-rift areas. SourceContinue Reading

Energean plc has taken Final Investment Decision (“FID”) for the Katlan development project offshore Israel. The Katlan area will be developed in a phased approach through a subsea tieback to the existing Energean Power FPSO. SourceContinue Reading

GEPetrol’s transformation into a competitive operator follows a trend of similar NOC restructuring in Africa, all of which have enhanced the competitiveness and capacity of the respective NOCs. These include Angola’s Sonangol, the Nigerian National Petroleum Corporation, Algeria’s Sonatrach, and more. SourceContinue Reading

Saudi Aramco, which had previously been in talks to purchase a stake in Tellurian, is another potential partner, said Saul Kavonic, an energy analyst at MST Marquee in Sydney. Abu Dhabi National Oil Co., as well as Japanese buyers and U.S. infrastructure players, could also invest in Driftwood, he said. SourceContinue Reading

The well was tested to produce over 6,290 boed, the first well of such productivity in Wushi Sag. The discovery is expected to become a medium-sized oilfield. The total proved oil in-place of Wushi oil fields has exceeded 629 MMboe. SourceContinue Reading

The retreat by one of Britain’s biggest oil and gas companies underscores the challenge facing the UK government in developing floating offshore wind into a major industry, just as costs for the technology have increased. SourceContinue Reading