Black Gold Exploration (BGX) announced today that drilling has commenced on the Fritz 2-30 oil and gas well  in Clay County, Indiana. Earlier this month, BGX acquired a 10% working interest in the Well and an option to participate in any offset developmental wells in a 210-acre area of mutual interest from the operator, Adler […]

Flow remediation specialist, Pipetech, has announced the launch of its revolutionary Downhole Scale Remediation (DSR) technology, set to redefine wellbore cleaning solutions for the global energy sector. Supported by the Net Zero Technology Centre’s (NZTC) emissions reduction programme, this innovation promises to redefine wellbore cleaning solutions while advancing sustainable practices.  The DSR directly addresses long-standing […]

OPEC+ has yet to react to a call from U.S. President Donald Trump for lower oil prices, with delegates from the group pointing to a plan already in place to start raising oil output from April. Trump said on Thursday that he would ask Saudi Arabia and the Organization of the Petroleum Exporting Countries to bring down […]

Chevron announced today that its 50 percent owned affiliate Tengizchevroil LLP (TCO) has started oil production at its Future Growth Project (FGP) located at the Tengiz oil field in Kazakhstan. FGP is the third processing plant in operation at the Tengiz oil field, which expands sour gas injection capability and is expected to ramp up […]

CNOOC Limited has announced its business strategy and development plan for the year 2025 which includes rolling exploration plan in the Nigeria oil and gas industry. Rolling Exploration is a technique for searching for oil and gas in deep-water areas. It involves a technical system that includes target search, evaluation, and drilling The company’s maintain stable capital […]

Independent Petroleum Association of America (IPAA) Offshore Committee Chairman Ron Neal, the President of Houston Energy L.P. and CEO of HEQ Deepwater, issued the following statement in response to the announcement of the Biden Administration’s plan to remove millions of acres of U.S. oceans from potential oil and gas drilling, barring the sale of new […]

Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to USD 2 billion. After more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading to Equinor exiting the countries have now been closed on 29 November and 6 December respectively. “With […]

Equinor UK Ltd, a subsidiary of Equinor ASA and Shell U.K. Limited, a subsidiary of Shell plc are to combine their UK offshore oil and gas assets and expertise to form a new company which will be the UK North Sea’s biggest independent producer. The incorporated joint venture (IJV) will be set up to sustain […]

President-elect Donald Trump’s plan to place a 25% tariff on energy projects could drive up prices for refiners and customers, while also hurting the Canadian oil market. President-elect Donald Trump has rocked the oil industry recently when he announced plans to implement a 25% tariff on all goods from Canada and Mexico. Energy products would […]

Despite crude oil prices trending higher so far this week, they are unlikely to have risen enough to encourage OPEC+ to reinstate its delayed plans to boost output in 2025. The exporter group, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, still has little room to maneuver on oil policy when […]