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1. ExxonMobil sets higher oil production targets for Guyana ExxonMobil, supported by Guyana’s fourth deep water project, has increased its crude oil production in 2025. According to the new estimates, the total production of these projects will make Guyana’s daily production exceed 80...Read more »
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1. Evolution petroleum acquires Tokyo Gas Barnett shale assets Houston based evolution petroleum said the company acquired about 21000 acres of Barnett shale assets in northern Texas from Tokyo Gas America Ltd., which was purchased at a price of $19.6 million in cash, which allowed the company to...Read more »
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1. Baker Hughes: the number of oil and gas drilling rigs in the United States increased for the second consecutive week Baker Hughes, a US oil services company, said in a closely watched report on Friday that the number of active oil and gas rigs in the US, the leading indicator of future product...Read more »
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1. The number of oil and gas drilling licenses issued in Texas increased by 60% year on year in April Texas energy industry regulators are currently releasing data showing that Texas issued 732 drilling permits in April, more than 60 percent more than last year (456) compared with the prev...Read more »
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1. Israel’s energy giant plans $1.1 billion gas deal with UAE Delek drilling, one of Israel’s largest energy companies, plans to sell 22% of its large offshore gas field Tamar to mubadara, an Abu Dhabi based strategic investment company, for an estimated $1.1 billion. It is the bigges...Read more »
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1. Nigerian President: resuming four drilling licenses revoked by Sinopec Addax Nigerian President Mahmoud Buhari has overturned a decision three weeks ago by the country’s Ministry of petroleum resources to revoke four oil drilling licenses from Addax Petroleum Corp, a Sinopec subsidiary. ...Read more »
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1. Greek steel pipe manufacturer Wins Bid for major offshore pipeline project in eastern Mediterranean region A few days ago, Corinth pipeworks (CPW), a Greek steel pipe manufacturer, signed an agreement to produce and supply steel pipes for Israel natural gas pipeline company (ingl) for offshore...Read more »
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1. Sinopec wins Iraq mansuriya gas field development contract Sinopec has won a contract to develop the mansuriya gas field in Diyala, Iraq’s eastern province, the Iraqi oil ministry said in a statement on Tuesday. Last year, Iraq canceled its mansuriya gas field development contract with a...Read more »
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1. Us drilling companies increase oil and gas drilling platforms for the fifth consecutive week The number of active oil and gas rigs in the United States, the leading indicator of future production, increased by 7 to 439 in the week ending April 16, the highest level since April 2020, U.S. oil s...Read more »
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1. ExxonMobil is considering a sale of its stake in West gurna 1 Exxon Mobil is in talks with Iraq’s oil ministry to sell its stake in Iraq’s West qurnah-1 oil field, indicating that the super giant is willing to sell a large oil field in the Middle East to reduce the huge debt accumu...Read more »
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1. Chevron became the first major US oil company to invest in offshore wind power projects Chevron has signed an agreement with moreld of Norway to help develop the turbine technology of technology company ocergy, becoming the first US oil giant to invest in offshore wind power. The European oil ...Read more »
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1. Santos’ sale of Dorado project attracts global attention Santos, an Australian gas producer, is looking for buyers to buy a 20-30% stake in its large Dorado oil project and Bedout exploration portfolio off the coast of Western Australia, which is estimated to be worth as much as $200 mil...Read more »
