Almost 30% of the Gulf of Mexico's oil now shut-in as Hurricane Helene looms
It was reported earlier this week that several US oil companies were working to evacuate their staff from oil production platforms.
Drilling & production
Advertisement
Shell selected as preferred bidder for Trinidad and Tobago's shallow water block
The company emerged victorious over competing bids from industry giants bp and EOG Resources.
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.
Major energy companies jostle for India's OALP-9 bidding round
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: FTC set to greenlight Chevron's US$53 billion buy of oil rival Hess, sources say
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: operators reduce diesel use by 100 million gallons
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 Energy's disposal of Uruguay's offshore license approved
Challenger, with primary assets in the South American nation, has now received government approval to move the AREA OFF-1 licence to Chevron.
SOCAR and partners sign addendum for ACG field gas exploration and production
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.
CNOOC starts production from Liuhua 11-1/4-1 oilfield project
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 sees July oil exports hitting almost one-year low
Saudi Arabia exported 5.7 million bbl/d of oil in July, the lowest level since August 2023, official data has revealed.
ConocoPhillips, Uniper sign gas supply deal extension
The US will continue to supply natural gas to North-West Europe as the region continues its decarbonisation efforts.
Cuba: Block 9 Amistad field development approved
Initial development of Unit 1B formally approved and on track for 1Q25. Export of initial oil cargo on track for end of 2024.
Chesapeake's US$7.4 billion acquisition of Southwestern Energy set to conclude in 4Q24
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.
Argentina: Production Start-up at Fenix Offshore Gas Field
TotalEnergies announces the start of production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina.
CNOOC Limited kicks off production at Liuhua 11-1/4-1 Oilfield Secondary Development Project
The main production facilities include a new deepwater jacket platform ‘Haiji-2’ and a cylindrical FPSO ‘Haikui-1’.