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APA corporation to acquire Callon Petroleum company

APA Corporation and Callon Petroleum Company have entered into a definitive agreement under which APA will acquire Callon in an all-stock transaction valued at approximately US$4.5 billion.

 

Offshore approval wait times reach 562 days

Australia’s oil and gas industry has called for the Commonwealth to fix the offshore regulatory system after the logjam of energy supply and carbon capture projects awaiting approval was exposed.

 
 
 

Drilling at Mayaya Centro-X1 shows signs of a new oil basin

The drilling of the Mayaya Centro-X1 IE well (stratigraphic investigation), located in the north of the department of La Paz, shows signs of a new oil basin in the northern sub-Andean region, says President of YPFB.