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11Dec0 comments
Partners seek additional licenses in southeast Turkey
Aladdin Middle East and its 50-50 Basur-Resan license partner UK Oil & Gas PLC (UKOG) applied to Turkish authorities for…
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11Dec0 comments
Neptune to conduct Dutch North Sea CCS feasibility study
Neptune Energy will conduct a feasibility study into a large-scale offshore carbon capture and storage (CCS) project in the Dutch…
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11Dec0 comments
Tamboran gains operatorship, Beetaloo assets with Sweetpea acquisition
Tamboran Resources Ltd., Sydney, is adding Beetaloo basin assets in the Northern Territory of Australia with the acquisition of Sweetpea…
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10Dec0 comments
EIA: US crude inventories jump 15.2 million bbl
US crude oil inventories for the week ended Dec. 4, excluding the Strategic Petroleum Reserve, increased by 15.2 million bbl…
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10Dec0 comments
Rystad: Exploration must be accelerated to meet world oil demand
The world is on track to run out of sufficient oil supplies to meet its needs through 2050 unless exploration…
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10Dec0 comments
Cooper begins gas supply from Sole field to industrial customers
Cooper Energy Ltd., Adelaide, has started gas supply from its 100%-owned Sole field in eastern Bass Strait offshore Victoria under…
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10Dec0 comments
Elixir increases prospective resources estimate for Mongolia CSG project
Elixir Energy Ltd., Adelaide, has increased prospective resources for its 100%-owned Nomgon IX coal seam gas production sharing contract area…
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09Dec0 comments
Tullow receives Kenya license extensions
Tullow Oil and partners have received extensions to Blocks 10BB and 13T exploration licenses in Kenya to the end of…
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08Dec0 comments
88 Energy farms out half interest in Alaskan Project Peregrine
Perth-based 88 Energy Ltd. has farmed out a 50% interest in its Project Peregrine in the NPR-A region of the…
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08Dec0 comments
Reliance lets seismic contract for work offshore India
Reliance Industries Ltd. has let a contract to Shearwater GeoServices Holding AS for a 3D seismic survey in the Bay…
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05Dec0 comments
Woodside pre-empts FAR’s Sangomar sale to ONGC
Woodside Petroleum Ltd., Perth, has given notice of pre-emption of the sale by FAR Ltd., Melbourne, of its interests and…
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04Dec0 comments
Blue Energy signs new CSG supply with EnergyAustralia
Blue Energy Ltd., Brisbane, has signed a non-binding heads of agreement with EnergyAustralia, Melbourne, for the supply of 100 petajoules…
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04Dec0 comments
Chevron sets $14 billion 2021 budget, lowers longer-term capital guidance
Chevron Corp. set a 2021 organic capital and exploratory spending budget of $14 billion and lowered its 2022-2025 annual capital…
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03Dec0 comments
ConocoPhillips to cut 500 Houston jobs after Concho takeover
ConocoPhillips plans to lay off about 25%, or around 500, of its Houston headquarters employees starting Feb. 1, as it…
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03Dec0 comments
Headwater closes deal to acquire Cenovus’s Marten Hills oil assets
Headwater Exploration closed a deal to purchase Marten Hills area assets from Cenovus Energy Inc., Alberta. Headwater acquired a 100%…
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03Dec0 comments
Deltic adds North Sea acreage with formal licensing round awards
Deltic Energy PLC confirmed formal award of six new licenses over 12 blocks under the UK’s 32nd licensing round.
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02Dec0 comments
Barryroe partners farm out North Celtic Sea field
Providence Resources PLC and Lansdowne Oil & Gas PLC agreed to farm-out 50% working interest in Barryroe oil and gas…
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02Dec0 comments
ExxonMobil expects $17-20 billion Q4 impairment
ExxonMobil completed a review of its forward business plans and said it will prioritize near-term capital spending on assets with…
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02Dec0 comments
ADNOC lets $519-million contract to expand 3D seismic survey
ADNOC let a contract worth up to $519 million to BGP Inc., a China National Petroleum Co. subsidiary, to further…
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01Dec0 comments
Eco Atlantic increases acreage offshore Namibia
Eco (Atlantic) Oil & Gas Ltd. successfully negotiated the reissuance of its four licenses in Walvis basin, offshore Namibia, and…