W&T Closes Acquisition of 6 GOM Fields for $72MM
The acquisition provides 'strong producing properties' that are located adjacent to the company's existing operations area.
TechnipFMC Wins Gulf of Mexico Job from BP
TechnipFMC has been contracted for installations at the Mad Dog field.
Sunoco to Buy NuStar in $7.3B Deal
The transaction has been unanimously approved by the board of directors of both companies.
Russian LNG Exporter Seeks to Raise Long-Term Prices to Asia
Sakhalin Energy wants to raise long-term contract prices.
IEA Says Increases in Oil Demand Set to Halve
'China will continue to lead oil demand growth in 2024'.
USA and UK Conduct More Houthi Strikes
'The targets included missile systems and launchers, air defense systems, radars, and deeply buried weapons storage facilities'.
Equinor, Aker BP Discover Oil in North Sea's Munin Field
Between 5.3 million and 19.4 million cubic feet (0.15 and 0.55 million standard cubic meters) of recoverable oil equivalent was proven in well 30/12-3 S.
Africa Oil Gets Government OK for Orange Basin Stake
Africa Oil has received final approval from the South African government for the transfer of a 6.25 percent interest in Block 3B/4B in the Orange Basin.
Nigeria Destroyed Over 5,500 Illegal Refineries in Last Three Years: NNPC
NNPC destroyed more than 5,500 unauthorized refineries and nearly 4,500 illegal pipeline connections over the last three years.
Novatek Logs Year-on-Year Rise in Production to 645 MMboe
Novatek saw production rise 0.9 percent last year.
Karoon Lowers Production Guidance, Plans Well Intervention
Karoon said it expects its total production for 2024 to be in a range of 11.2 million to 13.5 million barrels of oil equivalent.
Libya Lifts Force Majeure on Sharara Oil Field
Production was paused for two weeks after a blockade by residents.
High Mideast Activity Boosts SLB Revenue
SLB posted a 22 percent rise in net profit to $4.2 billion for 2023, a record year for its Middle East operations in terms of revenue.
Petroperu Gets Government Assurance of Financial Support
The assistance is 'related' to credit line guarantees.
Russia Becomes Top China Oil Supplier for First Time Since 2018
Russia blew past Saudi Arabia to become the biggest source of Chinese oil imports last year.
Crude Lifted on Prompt Spread Signals
A key oil-market gauge is signaling a stronger underlying physical market as Ukrainian drone strikes threaten Russian oil exports.
Alberta Spends $518MM on Well Cleanup in 2022
he figure exceeds the $314 million (CAD 422 million) expenditure requirement of the Alberta Energy Regulator.
Over 1,000 US Projects Registered under Clean Energy Tax Credits Portal
An online portal aimed at helping companies take advantage of clean energy tax credits in the US has now enrolled more than 1,000 projects.
US Sanctions UAE Shipper for Alleged Russian Oil Cap Breach
At least eight Emirates-based shipping companies have now been sanctioned by the US over the last three months under the price cap regime.
North America Adds More Rigs
North America added more rigs week on week.
