News
State-owned oil company OGDCL announces gas condensate discovery in Khyber Pakhtunkhwa
This gas condensate discovery was made at an impressive depth of 3773.98 meters underground.
Oil and Gas
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Petrobras made an important gas discovery in Colombia
The Uchuva-2 well reinforces the natural gas potential in a new exploration frontier in Colombia.
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Chevron’s Headquarters Leaving California: Relocation to Houston, Texas
Operations will remain in San Ramon even after relocating its headquarters, allowing approximately 2,000 employees to continue working in California.
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Libya’s largest oilfield production halted following protests
Libya has the largest oil reserves in Africa, but full exploitation of these reserves is often hampered by its political instability.
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FPSO Almirante Tamandaré left China for Brazil
In addition to its capacity to produce 225,000 barrels per day, it incorporates a closed flare to reduce greenhouse gas emissions.
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Agreement signed for Blackcomb pipeline in Texas by WPC JV
The Blackcomb pipeline has a planned transportation capacity of 2.5 billion cubic feet of natural gas per day, connecting directly to key export markets.
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Exxon Mobil and QatarEnergy delay LNG supply from Golden Pass
The Golden Pass project will become one of the largest LNG facilities in the United States, with a capacity of 18 million metric tons per year.
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GA Drilling and Petrobras partner to enhance deep geothermal drilling
The new technology will allow drilling from light intervention vessels, which could cut traditional well construction costs by 30%.
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Plans to drill world’s deepest offshore oil and gas well offshore
The depth of the Komodo-1 well will be equivalent to the height of 10 Empire State Buildings stacked on top of each other.
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TotalEnergies withdraws from South African projects following the exit of partner CNRI
TotalEnergies has had a nearly 70-year relationship with South Africa, adapting its energy strategy to the country's needs.
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U.S. purchases millions of barrels for Strategic Petroleum Reserve
The SPR currently contains about 374.4 million barrels, the highest level since late 2022, but still below the typical 600 to 700 million barrel range of…
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Borr Drilling secures oil contracts for $332 million
The new "Arabia I" contract in Brazil represents a significant improvement with an increase of more than 60% in the daily rate over the previous contract.