Aramco raises US$3 billion in debt sale as Saudi Arabia drops US$100/bbl oil price
Saudi Arabia is preparing to increase its oil output to regain its market share, with abandoning its required oil price part of the plan.
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Saudi Arabia is preparing to increase its oil output to regain its market share, with abandoning its required oil price part of the plan.
Multiple energy companies, both domestic and international, have submitted bids for the ninth round of India's Open Acreage Licensing Policy (OALP-9), as confirmed by the Directorate General of Hydrocarbons (DGH), the country's upstream regulator.
Reuters has reported that the US Federal Trade Commission is expected to greenlight US oil producer Chevron's purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil's challenge to the US$53 billion deal as its final hurdle.
Caterpillar Oil & Gas has announced that North American pressure pumping operators using its Tier 4 DGB system reduced diesel consumption by approximately 100 million gallons in 2023.
Challenger, with primary assets in the South American nation, has now received government approval to move the AREA OFF-1 licence to Chevron.
The addendum is for the Azeri-Chirag fields and the deepwater portion of the Gunashli field (ACG) in the Azerbaijan sector of the Caspian Sea.
China National Offshore Oil Corporation (CNOOC) has announced the commencement of production at the Liuhua 11-1/4-1 oilfield secondary development project.
Saudi Arabia exported 5.7 million bbl/d of oil in July, the lowest level since August 2023, official data has revealed.
The US will continue to supply natural gas to North-West Europe as the region continues its decarbonisation efforts.
Initial development of Unit 1B formally approved and on track for 1Q25. Export of initial oil cargo on track for end of 2024.
US gas company Chesapeake Energy's acquisition of Southwestern Energy is now expected to close early in 4Q24, Reuters cited the company’s CEO Nick Dell'Osso as saying.
TotalEnergies announces the start of production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina.