Oil & gas news

Under the agreements, Eni will be able to explore the area for up to 9 years.

The 35% y/y surge in third-quarter production was driven by improved productivity and expanded takeaway capacity, led by flagship operator Yacimientos Petrolíferos Fiscales (YPF) and bolstered by local independent producers.

Union Jack Oil plc, a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company has announced a positive drilling update in respect of the Taylor 1-16 well, located in Seminole County, Oklahoma, USA, in which Union Jack holds a 45% working interest.

GeoPark has announced that it has signed agreements to acquire Repsol upstream oil and gas assets in Colombia.

Axess Group has secured a frame agreement extension with KCA Deutag, a drilling, engineering and technology company.

Valeura Energy Inc. has announced the successful completion of an infill drilling campaign at the Jasmine field in Licence B5/27 (100% operated working interest), offshore Gulf of Thailand.

According to Reuters, a senior executive at Exxon Mobil said that US oil and gas producers remain focused on capital discipline, rather than radically increased production.

According to EIA, An average of 13.4 million bpd of crude oil was produced in the United States during August 2024, a new record according to data from EIA.

Kent, a provider of engineering and project management services in the energy sector, has been awarded a contract for engineering services by BASF to support the company’s gas treatment initiatives in the UAE.

Glamox wins smart lighting contracts for new hi-tech North Sea oil and gas platforms.