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Oil continues to rise gently as US/Sino talks continue.Today Pharos announces that it has received an extension to its block 125/126 in Vietnam and Tower hires a rig for Thali. Yesterday Prospex announced that the workover rig at Viura was repairing the damaged completion tubing. The post Oil price, Pharos, Tower, Prospex.
Russian military vessels are escorting oil tankers traversing the Gulf of Finland, Finlands defense minister told media this weekend, saying this was a completely new development. The news follows an attempt last week by the Estonian navy to stop a tanker carrying Russian oil, which prompted the appearance of a Russian fighter jet.
imposition of abnormally high tariffs on China seriously violates international and economic trade rules, basic economic laws and common sense and is completely unilateral bullying and coercion, Chinas Finance Ministry said in a statement. Oil prices, which had been climbing before China's announcement, dropped in response to the news.
has completed the first berthing and discharge operation at the Dabhol LNG terminal. has completed the first berthing and discharge operation at the Dabhol LNG terminal. The company welcomed the vessel GAIL Bhuwan at the facility following the completion of the breakwater project, GAIL said in a media release. MMTPA to 6.3
Completions Consultant plays a crucial role in the oil and gas industry, specifically in the final stages of well construction and preparation for production. Their primary focus is on the completion phase of drilling operations. This includes determining the type of completion (e.g.,
The company said in a media release it completed a $175 million JOLCO lease financing, which generated net proceeds of approximately $42 million, extending debt maturity to 2035 and reducing the cost of debt by 1.5 Flex LNG said it remains on track to complete the refinancing of Flex Resolute and Flex Constellation in the second half of 2025.
As the upstream oil and gas sector faces mounting pressure from rising costs and dwindling Tier 1 inventory, the need for smarter, faster and more efficient development strategies has never been greater. ¹ For upstream oil and gas companies, it offers a path to faster decisions, smarter development and more efficient operations.
Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Vermilion Energy Completes Exit from USA with Asset Divestment by Rocky Teodoro | Rigzone Staff | Monday, June 09, 2025 | 8:00 AM EST The company said it expects the transaction, which has an effective date of January 1, to close in the third quarter.
will sell its assets in the United States for $88 million (C$120 million), which will complete its exit from the U.S. Calgary-based Vermilion Energy Inc. and allow it to reduce debt and focus on natural gas assets in Canada and Europe.
Ithaca Energy, the largest oil and gas resource holder in the UK North Sea following the acquisition of Enis UK business, expects its full-year 2025 production to materially increase after it completed the Eni deal.
Over the past decade, we’ve seen techniques like Simul-Frac and Triple Frac become standard tools to accelerate completions. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. And Chevron is leading that transformation.
(World Oil) –Cheniere Energy has announced that substantial completion of Train 1 at the Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3) was achieved on March 16, 2025. As of January 31, 2025, overall project completion for CCL Stage 3 was 78.3%, which reflects engineering 97.6% complete, procurement 97.2%
In today’s RBN blog, we discuss the newly completed channel-dredging project, related terminal improvements, and what they all mean for crude oil exporting economics in Corpus Christi.
Denver-based Tejon Treating and Carbon Solutions said recently it completed Phase II expansion of its Mongoose amine treating plant and gas gathering network to accommodate rising production of sour gas. The post Tejon completes Phase II expansion of Mongoose plant in Mitchell County appeared first on Permian Basin Oil and Gas Magazine.
(Oil & Gas 360) – HOUSTON–(BUSINESS WIRE)– Chevron U.S.A. a subsidiary of Chevron Corporation ( NYSE: CVX ), and Halliburton ( NYSE: HAL ) jointly developed a new process that enables closed-loop, feedback-driven completions in Colorado.
The Petroleum Projects and Technical Consultations Company (PETROJET) has completed the manufacturing of high-quality subsea systems that will be exported to Angola as part of a development project in the African country. The post PETROJET Completes Manufacturing Sub-Sea Systems for Export to Angola first appeared on Egypt Oil & Gas.
(World Oil) – APA Corporation and its partners Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, have completed successful flow testing of the Sockeye-2 exploratory well in Alaska’s North Slope.
(World Oil) – Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. The addition of Luceros operations will enable Vitesse to expand its assets across the Bakken shale region, where Lucero had approximately 6.4
Oil is up another dollar, inventories are mixed but actually rather low by historical standards.Today PetroTal has good figures and DEC announce another share buyback. Touchstone also reports good figures with the central deal about to complete. The post Oil price, PetroTal, DEC, Touchstone, GKP, EOG, Coro, Prospex.
Register to attend. (World Oil) – Vermilion Energy Inc. The assets consist of approximately 5,500 boed (81% oil and liquids) of production and approximately 10 MMboe of proved developed producing reserves estimated as evaluated by McDaniel & Associates Consultants Ltd. as of December 31, 2024.
(Oil & Gas 360) Opal Coalbank consists of nine DUC wells on track for production this summer Previously announced drilling of Rusch Pad ahead of schedule Recently announced strategic hedging program in the money by ~$70 million HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. Prairie Operating Co.
Logistics management in the oil and gas industry plays a critical role in ensuring safe, timely, and cost-effective movement of materials, equipment, and personnel across upstream, midstream, and downstream operations. Personnel Transport : Helicopters, crew boats, and ground transport.
Canada should not rush to sell the newly expanded Trans Mountain oil pipeline, its CEO, Mark Maki, said on Wednesday at a conference in Canada. billion) completing an expansion that opened last spring, has indicated it does not wish to be the long-term [Read more]
Chevron plans to begin drilling an exploration well offshore Namibia, where several international majors have found huge oil and gas resources in recent years. Chevron completed in February With this programme, Chevron continues to activate its strong and growing exploration portfolio, according to a company statement.
Atlanta-based RPC, oil and gas services company, said recently it acquired Pintail Alternative Energy, which does business as Pintail Completions, for $245 million ($170 million cash). The post RPC acquires Midlands Pintail Completions for wireline services appeared first on Permian Basin Oil and Gas Magazine.
energy major ConocoPhillips, has completed the drilling of an appraisal well in the Norwegian Sea, confirming the previously made oil discovery… ConocoPhillips Skandinavia, a subsidiary of U.S.
Africa Oilcompleted its full takeover of Prime, previously a 50-50 venture with BTG Oil & Gas, while the partner has acquired 35.5 percent of the enlarged Africa Oil.
BP expects to post a weak natural gas trading result for the first quarter, as well as lower gas output, as the UK-based supermajor is resetting its strategy back to core oil and gas operations. The oil trading result is expected
ConocoPhillips (NYSE: COP) reported on Thursday slightly better-than-expected earnings for the first quarter, as higher oil and gas production volumes more than offset lower prices and increased operating costs. ConocoPhillips completed theacquisition of Marathon ConocoPhillips booked adjusted earnings of $2.7 billion, or $2.09
United Kingdom-based civil engineering contractor FM Conway has extended its use of hydrotreated vegetable oil (HVO) in its local and strategic highways operations, shifting away from diesel in its work to achieve net zero. HVO is a synthetic biofuel made from re-used cooking oils and is completely fossil-free.
Oil is down a down a dollar today as tariffs and politics create pressure and uncertainty. Today DEC complete the Summit deal and unveil a creative and hugely oversubscribed securitisation. The post Oil price, Diversified Energy Company, Corcel. And Corcel has announced another stake in the company of 4.5% by Daniel Kaufman.
Image by Cylonphoto via iStock The European Commission has proposed legislation to stop the importation of natural gas, oil and oil products from Russia into the European Union by 2027, betting on global liquefied natural gas (LNG) and increased regional infrastructure interconnectivity. billion cubic meters (473.22
(World Oil) –INEOS Energy has completed its acquisition of the U.S. The deal increases INEOS Energys production globally to over 90,000 barrels of oil equivalent per day (boed) and marks the third major investment by INEOS Energy in the U.S., Gulf business held by CNOOC Energy Holdings U.S.A. “The U.S.
(World Oil) –Crescent Energy has closed the sale of its non-operated Permian basin assets to a private buyer for $83 million in cash, the company announced Tuesday. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil).
Savannah Energy announces the completion of the acquisition of 100% of Sinopec International Petroleum Exploration and Production Company Nigeria Limited SIPEC, following a signing ceremony held in Lagos earlier this … Read More The post NIGERIA: Savannah Energy Completes Acquisition of SIPEC appeared first on oilnewsafrica.
Oil rigs drove the decline with a loss of 9, while gas rigs rebounded with a gain of 5. Baker Hughes reclassified 8–10 rigs in Marcellus/Utica (gas vs. oil), with historical totals unchanged. June 9, 2025 U.S. Several major basins, including the Permian and Eagle Ford, recorded new lows. Here is a summary of the U.S.
North Dakota has extended its policy on how long producers can leave wells uncompleted after drilling, a move that is expected to help drillers cope with weak oil prices, the state’s Department of Mineral Resources said on Thursday. Oil producers around the country have announced plans to drop rigs and delay completing wells as U.S.
Bakersfield, CA, May 21, 2025 (GLOBE NEWSWIRE) — Trio Petroleum Corp (NYSE American: TPET) (Trio or the Company), a California-based oil and gas company, today is pleased to announce that it has closed on the balance of certain petroleum and natural gas properties held by Novacor Exploration Ltd.
The Chief Financial Officer (CFO) plays a crucial role in the financial management and strategic decision-making of an oil and gas company. Conducting financial analysis to evaluate the performance of various business segments and projects within the oil and gas value chain.
LNG exporter Venture Global has started contractual deliveries from its first LNG export project, Calcasieu Pass, to its long-term customers amid an ongoing dispute with major oil and gas firms over the delays to the official commercial operations date at the export project. According to Venture Global, the start of commercial
For the second successive session this week oil prices have slid further and faster. Then came a revelation that OPEC - deemed the most bullish of the crude oil demand growth forecasters - had revised its prediction lower for 2024 below 2 million bpd. Photo: Oil production site. The IEA's prediction is below 1 million bpd.
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