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HomeExploration and Production

Exploration and Production

India’s ONGC pledges $12bn investment in renewable energy, eyes offshore wind project
Crude Oil News

India’s ONGC pledges $12bn investment in renewable energy, eyes offshore wind project

June 3, 2023 Mariel Alumit

India’s leading oil and gas explorer Oil and Natural Gas Corporation (ONGC) said it will invest around ₹1 trillion (over $12 billion) in renewable energy by 2030 as it plans to become net zero by 2038. “We have […]

Ecuador
ESG

Ecuador Makes History: Vote to Keep the Oil in the Ground in Yasuní Underway

June 2, 2023 Mariel Alumit

Last fall, thousands of Amazon Watch supporters signed a petition demanding the protection of Ecuador’s last Indigenous peoples living in voluntary isolation in Yasuní National Park. And now we have excellent news to share! Our […]

Shell
Exploration and Production

Shell takes Stena Drilling’s newest drillship for work in Gulf of Mexico

June 1, 2023 Mariel Alumit

Offshore drilling contractor Stena Drilling has secured a new drilling contract with Shell’s subsidiary – Shell Offshore – for operations in the U.S. Gulf of Mexico. This assignment will be undertaken by the newest addition […]

Equinor
Crude Oil News

Equinor delays Canadian offshore oil field for three years due to escalating costs

June 1, 2023 Mariel Alumit

(Bloomberg) – Equinor ASA has delayed by as many as three years its Bay du Nord project due to escalating costs, the company said Wednesday. The project to develop an oil field about 500 kilometers […]

Talos
Exploration and Production

Talos Energy, Grupo Carso accelerate Zama development with $125 million transaction

May 30, 2023 Mariel Alumit

(WO) – Talos Energy Inc. announced that Zamajal, S. A. de C.V., a wholly owned subsidiary of Grupo Carso (“Carso”), has agreed to acquire a 49.9% interest in Talos’ Mexican subsidiary (“Talos Mexico”), which holds […]

Labour
Climate Crisis

Labour confirms plans to block all new North Sea oil and gas projects

May 30, 2023 Mariel Alumit

Labour has confirmed it will block all new domestic oil and gas developments if it wins power, proposing instead to invest heavily in renewable sources such as wind and also in nuclear power. The shadow […]

Exploration and Production

Wildfire forces thousands of people to evacuate in eastern Canada

May 29, 2023 Mariel Alumit

The capital of Canada’s eastern province of Nova Scotia has declared a state of emergency as an out-of-control wildfire raging near Halifax forced thousands of residents to evacuate and prompted the closure of schools. The […]

Big Oil Companies

TotalEnergies renews production license offshore Nigeria

May 29, 2023 Mariel Alumit

TotalEnergies, operator of OML130 in Nigeria, announced the renewal of the production license on this block for 20 years. Courtesy of TotalEnergies Located 150 kilometers off the Nigerian coast, the OML130 block contains the prolific […]

Crude Oil News

U.S. Crude Oil And Refined Products Exports Are Driven By Production Growth

May 29, 2023 Mariel Alumit

Consider this fact: Three of every five barrels of crude oil produced in the U.S. are exported, either as crude oil or in the form of gasoline, diesel, jet fuel or other petroleum products. Sure, […]

Exploration and Production

BLM New Mexico conducted a lease sale offering $78,844,369 million.

May 28, 2023 Mariel Alumit

SANTA FE, N.M. — Today, the Bureau of Land Management New Mexico State Office conducted a lease sale offering 45 parcels totaling 10,123 acres within Cheyenne County, Kansas, and Eddy, Lea, and Chaves counties, New Mexico, […]

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