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Natural Gas
Validus Energy to Buy Natural Gas Producer 89 Energy III for $850 Million, Sources Say
Privately owned U.S. oil and gas producer Validus Energy has struck a deal to buy rival 89 Energy III for about $850 million, including debt, sources familiar w…
Crude Oil
Four Giant Oil & Gas Projects Line up for Start-up in 2025 Offshore Norway With More on the Cards
Norwegian oil and gas player Vår Energi has confirmed that four major projects are expected to be put into operation this year, enabling the firm’s …
Oil Field
New Oil Reserves Identified in Xinjiang’s Tarim Basin, Signaling Vast Potential
China has identified newly proven oil equivalent reserves of 55.56 million tons in the Tarim Basin, located in the Xinjiang Uygur autonomous region, the China G…
Oil&Gas Drilling
48 Billion Boe Potential: Indonesia Offers Six More Blocks
Indonesia’s Ministry of Energy & Mineral Resources (ESDM) has unveiled the country’s second acreage offering of 2024.Six blocks are on the table wit…
Crude Oil
Ovintiv to Acquire Alberta Montney Assets for $2.4B
Ovintiv Inc. is acquiring Montney assets in Alberta from Paramount Resources Ltd. in an all-cash transaction valued at approximately $2.377 billion (CAD 3.325 b…
Oil & Gas Trade
Devon Raises 2024 Projected Production
United States producer Devon Energy Corp. has bumped up its output guidance for 2024 to between 811,000 and 830,000 barrels of oil equivalent a day (boed), supp…
Oil & Gas Trade
Canada’s Pieridae Energy Shuts-in Production Amid Low Natgas Prices
Canadian energy company Pieridae Energy (PEA.TO), opens new tab said on Thursday it has shut-in the production of about 6,250 barrels of oil equivalent per day …
Crude Oil
Romania's Crude Oil Production Down 3.4pct in Q1 2024, Imports Drop 15.1pct (Statistics)
In the first quarter of 2024, Romania produced 682,400 tonnes of oil equivalent (toe) of oil, 23,900 toe less (-3.4%) than in the same period of the previous ye…
Oil & Gas Supply
Canada's Tamarack Valley Shutters Production After Alberta Gas Plant Fire
Canadian oil and gas producer Tamarack Valley Energy (TVE.TO), opens new tab has temporarily shut in about 6,200 barrels of oil equivalent per day (boepd) of pr…
Oil&Gas Drilling
China's CNOOC Makes 100 Million Ton Oilfield Discovery in South China Sea
The logo of China National Offshore Oil Corporation (CNOOC) is seen at its booth during the China International Fair for Trade in Services (CIFTIS) in Beijing, …
Oil & Gas Trade
China's 2023 Oil and Gas Output Hits Record High 390 Mil MT Oil Equivalent
China's combined oil and gas production hit a record high of more than 390 million mt of oil equivalent in 2023, representing an average annual growth rate …
Oil Field
Norway Greenlights Startup of Tommeliten Field
ConocoPhillips Co. has received approval from Norwegian authorities to begin production at Tommeliten A, a mostly gas and condensate field in the North Sea.With…
Oil&Gas Drilling
Equinor Starts up North Sea Oil, Gas Project
Equinor ASA has begun production at the Statfjord Ost field in the North Sea, expecting to raise its output by 26 million barrels of oil equivalent."The project…
Natural Gas
Shell Fires up Sweet Gas Production Offshore Malaysia
Shell has brought on stream its Timi sweet gas field development on Block SK 318 offshore Sarawak, Malaysia.The offshore field is designed to produce up to 50,0…
Oil&Gas Drilling
National Energy Master Plan For 2021-2030 Approved, Targeting 15-20% Renewables by 2030
It sets a target for total primary energy supply to reach 155 million tonnes of oil equivalent by 2030 and between 294 and 311 million tonnes by 2050. The total…
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