BP approves the investment for the Kaskida oil project in the Gulf of Mexico, aiming to produce 80,000 barrels per day by 2029, with a potential of 10 billion barrels.
BP approves the investment for the Kaskida oil project in the Gulf of Mexico, aiming to produce 80,000 barrels per day by 2029, with a potential of 10 billion barrels.
The Nigerian government allows NNPC to sell oil in naira to the Dangote refinery, easing pressure on foreign currencies and supporting local production.
The Nigerian government allows NNPC to sell oil in naira to the Dangote refinery, easing pressure on foreign currencies and supporting local production.
Viaro Energy acquires North Sea assets from Shell and ExxonMobil for $500 million.
The acquisition includes 11 offshore assets and one exploration field.
Viaro Energy acquires North Sea assets from Shell and ExxonMobil for $500 million.
The acquisition includes 11 offshore assets and one exploration field.
Occidental Petroleum sells some of its Delaware Basin assets to Permian Resources for USD 818 million, to reduce debt and optimize its asset portfolio.
Occidental Petroleum sells some of its Delaware Basin assets to Permian Resources for USD 818 million, to reduce debt and optimize its asset portfolio.
Global oil reserves remain stable at 1,536 billion barrels, posing a challenge in the face of growing demand without rapid electrification of transport.
Global oil reserves remain stable at 1,536 billion barrels, posing a challenge in the face of growing demand without rapid electrification of transport.
By 2024, well drilling costs in the United States are set to fall by 10%, underpinned by significant efficiency gains despite stable oil service prices.
By 2024, well drilling costs in the United States are set to fall by 10%, underpinned by significant efficiency gains despite stable oil service prices.
