Author hkrichiedistribution
The Liberia Petroleum Regulatory Authority has announced the launch of its next offshore licensing round, expected to commence in April 2020. Nine blocks will be on offer in the Harper basin, one of the last unexplored and undrilled regions offshore West Africa. Geophysical company TGS holds a range of multi-client data across this acreage to
hree protesters from the global environmental campaign say they are planning an extended occupation of the Valaris 122 and have a series of actions lined up over the next ten days. Hot Tip Register on Oil and Gas People as a candidate and always have full control of your visibility. We want recruiters to be
Tullow Oil discovered light oil at its Carapa-1 well in Guyana, but the reservoir was smaller than the troubled company had expected prior to drilling. Shares fell as much as 20%. The independent oil producer’s first discovery of the new year comes after a calamitous 2019 in which its stock declined 64% and the chief
Piracy in some of the world’s most critical oil chokepoints is on the rise–but now, pirates are resorting back to another method of income generation better suited to times of lower oil prices: taking human captives. Sometimes, black market oil prices just aren’t lucrative enough. In the days of $100 oil, oil theft was a hot
OPEC’s output declined last month as several Persian Gulf producers stepped up their implementation of cutbacks aimed at balancing global oil markets. Saudi Arabia, Iraq and the United Arab Emirates reduced production in December, the final month of a round of restrictions by the cartel before it presses on with new — and even deeper
Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production and takeaway capacity that’s already spurring midstream rate cuts and could mean cutthroat competition ahead. Producers in the West Texas and New Mexico oilfield are pumping about 4.72 million barrels a day, according to Rystad Energy
Hess rose above the carnage in shale stocks with a more traditional approach to oil exploration – partnering in a massive offshore discovery in a frontier nation. Investors flocked to New York-based Hess in 2019 to participate in Exxon Mobil Corp.’s gigantic Guyana oil find, and avoid cash-burning shale specialists. Hess, which holds a 30%
Mexico’s government hedged oil exports for this year at an average $49 a barrel, locking in protection against low crude prices, the nation’s Finance Ministry said. A statement from the ministry on Friday announcing the completion of the hedge, for the same oil price as estimated in the 2020 budget, didn’t disclose how much Mexico
Russia has halted oil supplies to Belarus amid a disagreement over tariffs, according to officials at a Belarusian oil refinery in the northern city of Navapolatsak. The officials told RFE/RL that the shipments stopped on January 1 and the facility is currently processing only Russian oil delivered before that date. Belarus has been at odds
The U.S. airstrike that killed a powerful Iranian general and heightened tensions in the oil-rich region could boost the fortunes of troubled North American energy companies. If the rally in oil prices persists, or if Middle Eastern supplies are cut off, deeply indebted producers like Whiting Petroleum Corp. and California Resources Corp. could lock in