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1. Two shale oil and gas companies in the United States have reached an equal merger agreement American shale oil producers whiting petroleum and oasis petroleum signed a merger agreement, and the combined company is valued at about $6 billion. Both companies are producing oil and gas in the Bakk...Read more »
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1. Dusseldorf Exhibition Group announced the suspension of participation in 2022 Russian oil exhibition Due to the impact of the recent events in Russia and Ukraine, the board of supervisors of Dusseldorf exhibition company announced on its official website last Tuesday that it decided to suspend...Read more »
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1. The number of active oil rigs in the United States increased for the 19th consecutive month Baker Hughes, a US oil service company, released a high-profile report on Friday that as of the week of February 25, the number of us oil and gas drilling rigs, an initial indicator of future output, in...Read more »
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1. BP announces withdrawal from 19.75% stake in Rosneft On February 27, local time, British energy giant BP announced on its official website that it would withdraw from its stake in Rosneft. A day earlier, the oil major came under pressure from British authorities. BP Group has held a 19.75% sta...Read more »
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1. New natural gas discovered offshore Abu Dhabi The Abu Dhabi National Oil Company (ADNOC) announced last week that it has discovered a natural gas deposit in Block 2 offshore Abu Dhabi. The exploration rights in this block are operated by Eni, and the results of the first exploration well show ...Read more »
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1. New York pension fund to divest half of U.S. shale companies from its portfolio New York’s $280 billion state pension fund will divest its assets including Pioneer Natural Resources Co., Hess Corp. and Diamondback Energy Inc., according to foreign media reports. Twenty-one oil and gas co...Read more »
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1. COPL found light oil in the United States COPL announced the discovery of a conventional light oil area last week. At present, it is estimated that the total discovered reserves are 1.5 billion to 1.9 billion barrels, of which the reserves under the company’s assets are 1.27 billion to 1...Read more »
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1. Last week, the number of oil and gas drilling rigs in the United States recorded the largest weekly increase since April last year Baker Hughes, a US oil service company, released a high-profile report on Friday that, motivated by the rise in oil prices, as of the week of January 14, the numbe...Read more »
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1. ExxonMobil has discovered two new oil fields in Guyana ExxonMobil, a US oil giant, said last Wednesday that it had discovered two new oil fields in Stabroek block offshore Guyana – high-quality oil-bearing and hydrocarbon bearing sandstone reservoirs in fangtooth-1 well and Lau lau1 well...Read more »
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1. Iraq approves sale of shares in Exxon oil field to Iraqi state-owned enterprises Iraqi oil minister IHSAN Abdul Jabbar said in a statement last Wednesday that the Iraqi cabinet approved the proposal of the Iraqi national oil company (inoc) to start the process of acquiring 32.7% shares of Exxo...Read more »
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1. Dominion energy: complete the sale of Questar pipelines Dominion Energy announced on Friday that it had completed the transaction of selling Questar transmission pipeline project to southwest gas holdings, with a transaction value of US $1.975 billion, including undertaking US $430 million of ...Read more »
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1. Indian oil giant to expand oil exploration Indian oil and gas minister Hardeep Singh Puri said last Thursday that India’s state-owned oil and gas company (ONGC) plans to quadruple the exploration and development area by 2025, from the current 127000 square kilometers to 500000 square kil...Read more »
