Search

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels. BP, the energy giant, said on Wednesday that it would increase spending [...]

The yields on new 10 year Government Stock were trading 13 basis points higher at 6.84% from its previous close of 6.71% on Wednesday Bond yields traded higher on Thursday [...]

Byline: Emmanuel Agbo The groups condemned the invitation extended to some select Ogoni leaders from the region by the National Security Adviser, Nuhu Ribadu, to attend a private meeting in [...]

With her hair pulled back into a tight ponytail, her arms and legs covered with 20 tattoos, and her compact frame fitted out in athleisure, Crystal Smith, the elected chief [...]

Byline: Jillian Ambrose BP's technology could one day be used to drill on Mars or the moon after it struck a deal with US space agency Nasa. Under the terms [...]

The oil industry is pushing the limits of offshore exploration with plans to drill a record-setting deepwater well in Colombia within months. Occidental Petroleum Corp. and Ecopetrol SA are gearing [...]

Byline: Jonathan Leake The Falkland Islands is poised to approve a vast oil field in its waters in a diplomatic challenge to the UK and the Energy Secretary Ed Miliband's [...]

Turkey is planning to expand its influence in Africa and ensure its energy security The 86meterlong Turkish research vessel Oruc Reis will set sail for offshore oil blocks belonging to [...]

Colombia's oil industry is set to push the boundaries of offshore exploration with plans to drill the world's deepest offshore oil well in the coming months. Occidental Petroleum Corp and [...]

Yacimientos Petrolferos Fiscales Bolivianos has announced plans to invest approximately $400 million in the development and exploration of a newly discovered oil system. The investment includes the construction of facilities [...]

Prime Minister Shehbaz Sharif has constituted an 18-member high powered committee headed by Deputy Prime Minister Ishaq Dar to finalise the plan to attract $5 billion investment in the oil [...]

AUSTIN, Texas: Laredo Oil, Inc. has issued the following news release: Laredo Oil, Inc. ('Laredo Oil') (OTC Pink Sheets: LRDC), announces that Hell Creek Crude, LLC, a wholly-owned subsidiary of [...]

AUSTIN, Texas, July 3, 2024 /PRNewswire/ --Laredo Oil, Inc. ('Laredo Oil') (OTC Pink Sheets: LRDC), announces that Hell Creek Crude, LLC, a wholly-owned subsidiary of Laredo Oil ('HCC'), has reached [...]

Oil drilling in Florida has been around since 1943 when it was discovered in Southwest Florida. 81 years later, more than 120 million barrels of oil have been produced from [...]

Stockholm: Tethys Oil AB has issued the following news release: Tethys Oil has, through its wholly owned subsidiary, achieved a significant milestone in its exploration and appraisal activities by submitting [...]

BW Energy has now concluded the drilling and the logging of the DHIBM-7P pilot well, confirming a substantial oil discovery with good reservoir quality and a material uplift to the [...]

French oil major TotalEnergies is moving to invest $600 million to strengthen exploration and production activities in the Republic of Congo in 2024, snubbing the Nigerian oil and gas sector [...]

Oslo: BW Energy Limited has issued the following news release: BW Energy: Substantial oil discovery made on the northern flank of the Hibiscus field BW Energy is pleased to announce [...]

Oslo: Panoro Energy ASA has issued the following news release: Panoro Energy ASA ('Panoro' or the 'Company') is pleased to announce that the DHIBM-7P pilot well has successfully made a [...]

(GlobeNewswire) - BW Energy: Substantial oil discovery made on the northern flank of the Hibiscus field BW Energy is pleased to announce a substantial oil discovery with good reservoir quality [...]

Kazakhstan is set to sink 80 exploration wells across various sites this year, said Vice Minister of Energy Askhat Khasenov on April 25 to Kazinform news agency. This initiative aims [...]

Deputy Prime Minister Tran Hong Ha has signed a decision approving a plan to implement the National Energy Master Plan for the period of 2021 - 2030, with a vision [...]

HO CHI MINH CITY, Vietnam -- The following information was released by the Government of Vietnam: The plan aims to ensure effective implementation of the National Energy Master Plan, figures [...]

Oil India announced its first-ever global partner roadshow: Confluence: Where Energy and Opportunity Converge. This landmark event is scheduled to take place on 28 February 2024, in Abu Dhabi, UAE [...]

Byline: Manuel Rueda Contributor Abstract: Venezuela is escalating a land dispute with neighboring Guyana - but threats may have more to do with internal politics than territorial expansion. Venezuela's President [...]

Mitsui & Co. has announced plans to invest in the Block B Project in Vietnam in a bid to bolster its natural gas business. The Japanese trading giant, through its [...]

Kable: Offshore Technology has issued the following press release: Mitsui & Co. has announced plans to invest in the Block B Project in Vietnam in a bid to bolster its [...]

What's happened? On March 7th Somalia and Turkey signed an agreement to develop Somalia's oil and gas resources. The agreement will facilitate the operation of Turkish companies in both offshore [...]

Independent upstream explorer Invictus Energy will move ahead with plans to carry out appraisal drilling and seismic surveys on its Mukuyu discovery in Zimbabwe. Invictus Energy will undertake a well [...]

Kable: Offshore Technology has issued the following press release: ExxonMobil has initiated arbitration proceedings to assert its pre-emption rights in the Stabroek oilfield offshore Guyana. The move could potentially obstruct [...]

According to Magzum Mirzagaliyev, the chairman of the management board of KazMunayGas (KMG), Kazakhstans oil potential might be expanded at the expense of large new oil fields. As he noted, [...]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is in discussions with TotalEnergies on its plan to focus on its offshore operations in Nigeria, the commission has said. In a note [...]

New York: Offshore Technology has issued the following press release: Europa Oil & Gas, a UK and Ireland-focused exploration, development and production company, has announced the extension of Phase 1 [...]

Nairobi, Jan. 26 -- Tullow Oil plans to retain its annual spending on Kenya's oil project at Sh1.6 billion ($10 million), pointing to a sustained interest in the project that [...]

Harbour Energy has budgeted higher capex this year (about $1.2 billion) for its worldwide offshore E&P and other projects. Of this, $200 million applies to decommissioning. The company is pursuing [...]

Riga, Latvia: Competition Council of the Republic of Latvia has issued the following news release: ViGo Baltics Upstream BV is part of the global group of Vitol Holding II SA [...]