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Angola's First Major Gas Discovery Could Anchor Its $150 Billion Strategy

OilPrice

Angola has made a major natural gas discovery, marking a breakthrough in the country’s efforts to diversify its fossil fuel production. This is the first natural gas exploration by the former… Azule Energy, a joint venture between BP Plc (NYSE:BP), Eni S.p.A.

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U.S. Majors Cash In as Permian Dominance Widens the Oil Gap

OilPrice

Upstream oil and gas—industry-speak for the exploration and production end of the business—has always been a game of geology, timing, and money. According to Wood Mackenzie, crude and condensate production across the U.S. According to Wood Mackenzie, crude and condensate production across the U.S. Right now, U.S.

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TotalEnergies Says Lower Oil and Gas Prices Will Weigh on Q2 Profit

OilPrice

TotalEnergies expects lower earnings in its upstream and LNG divisions for the second quarter amid a drop in oil, natural gas, and LNG prices compared to early this year and the same time last year. per barrel in Q2, down from an average of $75.70… Brent Crude prices averaged $67.90

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BP-Eni JV makes major gas discovery offshore Angola

Oil & Gas 360º

(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. Adriano Mongini, CEO of Azule Energy, commented: “This is a landmark moment for gas exploration in Angola.

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Analysis: OPEC+ production hikes could drive oil towards $60/barrel

Oil & Gas 360º

Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)

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Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Chevron said it constantly reviews new exploration opportunities, but doesn’t comment on commercial matters.

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Permian methane emissions dropped 50% in two years, analysts say

Oil & Gas 360º

(World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. The latest data for the year 2024 show the methane emissions intensity of upstream oil and gas operations in the region to be 0.44% per barrel of oil equivalent—a 29% reduction from the previous year.

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