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HomeExploration and Production

Exploration and Production

Philippines
Crude Oil News

Philippines to extend Chinese oil and gas exploration campaign as geopolitical tensions rise

March 1, 2024 Mariel Alumit

(Bloomberg) – The Philippines is working to explore other parts of the country that are potentially rich in oil and gas, according to an energy official, as talks with Beijing on joint resource development in […]

VAALCO Energy
Big Oil Companies

VAALCO Energy joins ExxonMobil, Chevron offshore West Africa with $66.5 million Svenska Petroleum Exploration acquisition

March 1, 2024 Mariel Alumit

(WO) – VAALCO Energy, Inc. has entered into a sales and purchase agreement (“SPA”) to acquire Svenska Petroleum Exploration AB (“Svenska”), a privately-held exploration and production (“E&P”) company based in Stockholm, Sweden. Svenska’s primary asset […]

Oil Projects
Big Oil Companies

Norway Greenlights Startup of Aker BP, ConocoPhillips Oil Projects

March 1, 2024 Mariel Alumit

ConocoPhillips Co. and Aker BP ASA have received consent from Norwegian authorities to start production in two separate oil projects in the North Sea. Expected to go onstream by March, the northern part of the […]

BP
Big Oil Companies

BP to Invest $1.5B in Egypt

February 29, 2024 Mariel Alumit

BP Plc plans to invest about $1.5 billion in Egypt during the next few years as it seeks to develop gas projects and drilling in the North African country. The spending, which will be net […]

Texas
Exploration and Production

Texas Fires Threaten Nuclear Weapons Plant to Oil Refining

February 29, 2024 Mariel Alumit

Rampaging wildfires burning through Texas are threatening everything from oil refineries to cattle ranches and prompted a temporary evacuation of the main US nuclear weapon assembly plant. Texas Governor Greg Abbott issued a disaster declaration for 60 counties as […]

Oil Prices
Big Oil Companies

Oil Prices Dip Despite Production Cut Hopes As Unexpected Inventory Build Emerges

February 29, 2024 Mariel Alumit

Oil Prices Dip Despite Production Cut Hopes as Unexpected Inventory Build Emerges U.S. crude oil inventories unexpectedly surged, pushing oil prices lower despite anticipation of extended production cuts by OPEC+. The American Petroleum Institute (API) […]

Fervo
Exploration and Production

Fervo Energy Raises $244 Million to Accelerate Deployment of Next-Generation Geothermal

February 29, 2024 Mariel Alumit

HOUSTON, TX (February 29, 2024) – Fervo Energy (“Fervo”), the leader in next-generation geothermal development, today announced that it has raised $244 million in new funding led by Devon Energy, a pioneer in shale oil and gas. […]

ENB Podcast

ENB #196 From Networks to Solutions: Innovating in the Energy Sector – Live from NAPE

February 28, 2024 Stu Turley

There are good days, and then there are GREAT days. This was one of the great days, as I got to interview JP Warren, Connector, Podcast Host, and Keith Stelter, Podcast host and CSO at […]

Chevron
Big Oil Companies

Chevron’s $53 Billion Deal for Hess in Jeopardy on Possible Exxon Challenge

February 26, 2024 Stu Turley

Chevron CVX -0.14%decrease; red down pointing triangle  warned investors Monday that Exxon Mobil XOM 0.39%increase; green up pointing triangle   and China’s Cnooc are asserting they have a right to pre-empt the company’s bid for a stake in a prolific oil project off […]

Big Oil Companies

Daily Energy Standup Episode #316 – Navigating Uncertainty: Challenges and Doubts on the Path to Net Zero

February 26, 2024 Andy Del Prado

Daily Standup Top Stories Net Zero’s days are numbered February 24, 2024 Stu Turley If a week is a long time in politics, then 2023 belongs to a different age in the politics of Net Zero. […]

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