Édition Fossil fuels

Next Bridge Hydrocarbons acquires interest in the Orogrande project

Next Bridge Hydrocarbons, an oil and natural gas exploration and production company, has completed a strategic merger and acquired working interest in the Orogrande project. This transaction strengthens Next Bridge’s presence in the Texas and Oklahoma energy sector, providing new opportunities and a strong position for the future.

Argentina: YPF to invest to boost oil exports

Argentina is developing its oil sector, especially with the exploitation of Vaca Muerta, a huge gas and oil deposit. YPF, the country’s main oil company, is targeting production of 1.2 million barrels per day in the coming years.

Norway: Equinor starts production at its Njord oil and gas field

Equinor is restarting production at the Njord oil and gas field in Norway, after a six-year hiatus for upgrading. The company announces the launch of production of a new satellite to extend the life of the aging facility, as well as the challenges faced due to the pandemic.

Mexico: Zama Unit Development Plan unveiled at CNH

The Zama Unit Development Plan marks a significant milestone for the Mexican oil industry and for the project owners, who have worked closely together to provide an efficient and cost-effective solution to develop the resources of the Zama oil field.

European gas at its lowest in about 19 months

European natural gas reaches a new low despite colder temperatures, thanks to high storage levels and good management of the energy crisis. Meanwhile, the oil market is moving without any real trend.

A free trade agreement between South Korea and the GCC

South Korea is continuing negotiations on a free trade agreement with the Gulf Cooperation Council to enhance its energy security and improve the economics of importing sour crude from the Middle East. Discussions focus on opening markets for products and services, improving environmental trading conditions and intellectual property rights.