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Oil Price
Petrobras Outlines $111 Billion, Five-Year Spending Proposal
Petrobras plans to boost spending on new oil drilling and other projects by almost 9% to $111 billion in the next five-year plan.The Brazilian oil giant’s…
Crude Oil
US Oil/gas Rig Count Steady This Week, Pennsylvania Falls To 17-year Low, Baker Hughes Says
U.S. energy firms kept the number of oil and natural gas rigs unchanged this week, with the count falling to a 17-year low in Pennsylvania, energy services firm…
Oil & Gas Trade
Arthur eze’s oranto petroleum signs oil deal in Venezuela
Atlas Oranto Petroleum International Limited (AOPI), made up of Atlas Petroleum International Limited and Oranto Petroleum International Limited, an oil & gas f…
Oil&Gas Drilling
UK Reverses Oil Drilling Permission, Drops Coal Mine Defence After Court Ruling
A Union Jack flag flutters in the wind near Big Ben and Parliament in Parliament Square in London, Britain, March 29, 2024 REUTERS/Kevin Coombs/File photo Purch…
Oil&Gas Drilling
Chevron Readies New Oil Drilling Push in Venezuela to Boost Output
A woman walks in the Chevron office as the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Car…
Oil & Gas Trade
Saudi Pif, Holders to Offer 30% Stake in Oil Driller Ades IPO
The Equinor ASA offshore oil drilling platform on Johan Sverdrup oil field in the North Sea, Norway, on Monday, Feb. 13, 2023. Equinor, Norway’s biggest o…
Oil&Gas Drilling
Ecuadorians Vote to End Oil Drilling in Parts of the Amazon
FILE - In this May 17, 2007, file photo, An aerial view of the Yasuni National Park, in Ecuador’s northeastern jungle. Ecuador’s government has issu…
Oil&Gas Drilling
Nigeria, Angola Now Africa's Biggest Oil Drilling Markets – Report
Nigeria has caught up with Angola in the drilling of crude oil, as both nations are now the biggest crude oil drilling markets in Africa, data from the June 202…
Oil&Gas Drilling
China Begins Drilling 32,800-Foot-Deep Hole in Oil-Rich Xinjiang Region
Forget digging a hole to China — now China’s the one digging the really deep holes.The Asian nation has begun drilling a more than 32,800-foot-deep hole …
Oil&Gas Drilling
Neptune Energy Awards $100 Million Drilling Contract to Tenaris
(WO) – Neptune Energy announced the award of a +$100 million contract to Tenaris to provide equipment and services to support drilling activities on the N…
Oil Exploration
Dril-Quip Subsea Trees in Place at Woodside’s Gulf of Mexico Field
U.S. manufacturer of drilling and production equipment Dril-Quip has completed the installation of subsea trees at a Woodside-operated oil and gas field in the …
Oil&Gas Drilling
COSL Rig Getting Ready for Its Gig off Kuwait
A rig, which is destined to work on a drilling campaign offshore Kuwait, is preparing for its assignment at a Chinese yard. The rig is slated to depart for Kuwa…
Oil Exploration
Greenlight for vår Energi to Put Floatel Unit to Work at North Sea Field
Norwegian offshore safety regulator has given Vår Energi consent to deploy one of Floatel’s semi-submersible support vessels at a field in the North…
Oil & Gas Supply
Biden Administration Approves Alaska Oil Drilling Project
Environmental groups fear for Alaska's wildlife. Photo: Eric FisherPresident Joe Biden's administration on Monday approved an oil drilling project on Al…
Oil&Gas Drilling
BP Conducts New Drilling Operation in Azerbaijan for First Time
In 2022, bp spent about $470m in operating expenditure and $1.6bn in capital expenditure on ACG activities, Azernews reports, citing a bp press release.During t…
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