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Jul 19, 20241 min read

QatarEnergy Takes Share of Chevron-Operated Block Offshore Suriname

QatarEnergy has signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore...

Jul 17, 20241 min read

CNOOC Reports Major Oil and Gas Breakthrough in Bohai Bay

China's state-owned oil and gas firm CNOOC said on Monday it achieved an exploration breakthrough in Bohai Bay, with a discovery well...

Jul 15, 20241 min read

Big Oil’s Top 10 Investments in Petrochemicals

OIL DeMAND for petrochemical feedstocks is projected to account for 40% of the total oil demand growth from 2022 to 2028, effectively...

Jul 12, 20241 min read

Chevron and Hess say US FTC merger review expected for third quarter

Oil producers Chevron Corp and Hess Corp expect the U.S. Federal Trade Commission will review their proposed merger in the third...

Jul 10, 20241 min read

Eni Finds Oil Offshore Mexico

Italian energy giant Eni has made a new oil and gas discovery in an exploration well in Block 9 in the Sureste Basin, offshore Mexico....

Jul 8, 20241 min read

Aramco and ADNOC eye acquisition of Santos in strategic expansion

Santos has emerged as an attractive target due to its significant natural gas reserves and its involvement in major LNG projects Read...

Jul 5, 20241 min read

Sinopec Strikes Large Oil, Gas Flow at South China Sea Well

China's Sinopec Corp has struck a high flow of oil and gas in an offshore exploration well in the Beibu Gulf of the South China Sea Read...

Jul 3, 20241 min read

Saudi Arabia announces discovery of 7 new oil and gas deposits

Resources in the Jafurah field are estimated at around 229 trillion cubic feet of gas and 75 billion barrels of condensate Read...