Baghdad: Iraq has signed a contract to drill 96 oil wells in the West Qurna-1 oil field located in the southern province of Basra to raise production, according to a statement by the Ministry of Oil. The state-run Basra Oil […]
Crude oil prices could rise to $200 per barrel as international oil companies curb their investments in new exploration and production, the Nigerian National Oil Corporation said this week. The effect of investment decisions being made now […]
Although oil may not be headed to a new supercycle, prices still have room to rise from current levels because of a strong demand rebound and expected tightness in supply, some of the world’s largest […]
Offshore E&P player Talos Energy Inc. has teamed up with U.K.-based Storegga Geotechnologies Ltd. in search of carbon capture and storage project (CCS) opportunities along the U.S. Gulf Coast and in the Gulf of Mexico. […]
Independence Energy LLC and Contango Oil & Gas Co. agreed to combine on June 8 in an all-stock transaction set to create a consolidation machine for the upstream oil and gas industry. Independence is an upstream […]
Turkish President Tayyip Erdogan is expected to announce a new gas discovery in the Black Sea on Friday, state-owned Anadolu news agency reported late on Thursday. In an interview with state broadcaster TRT Haber on Tuesday, Erdogan said he would announce “good news” […]
Exxon announced Wednesday that a third new member has been appointed to the company’s board, following a week of vote counting after the company was caught by surprise by a shareholder insurrection last week led by activist investor Engine […]
WASHINGTON—The Biden administration is putting a hold on oil and gas leases in the Arctic National Wildlife Refuge in Alaska, the latest move in its effort to stop a first-ever oil-drilling program in the pristine […]
A bill that could unlock federal funds to help clean up abandoned oil and gas wells while also raising bonding rates energy companies pay to fund such efforts passed a Congressional committee this week after […]
A Dutch court ordered Royal Dutch Shell to drastically deepen planned greenhouse gas emission cuts on Wednesday, in a landmark ruling that could trigger legal action against energy companies around the world. Shell said it […]
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