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API, states file lawsuit to reverse new restrictions on offshore oil and gas development

The American Petroleum Institute today joined with the states of Alabama, Alaska, Georgia, Louisiana and Mississippi in filing a challenge to the Biden administration’s ban on new oil and natural gas leasing across millions of acres of […]

TXO Partners announces 3 TCFE natural gas potential in Mancos shale, San Juan basin

TXO Partners, a limited partnership focused on the acquisition and development of conventional oil and natural gas in the U.S., has identified an overall natural gas resource potential of 3 TCFE across 58,500 acres in […]

Mozambique not looking to review terms of planned LNG projects, president says

Daniel Chapo of the long-ruling Frelimo party took office on Wednesday, following months of opposition protests against his disputed election victory in which civil society groups say more than 300 people have been killed. The […]

SLB boosts dividend and buybacks after Q4 beat

The firm increased its quarterly dividend by 3.6%, and said it would buy back $2.3 billion of shares at a faster rate than typical. “While upstream investment growth will remain subdued in the short term […]

Biden advances final effort to ban Arctic oil drilling

Jennifer A. Dlouhy January 17, 2025 (Bloomberg) – The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum Reserve, a bid […]

Onshore driller H&P closes $1.97 billion acquisition of UK competitor KCA Deutag

Helmerich & Payne, Inc. (H&P) today announced that it has completed its acquisition of KCA Deutag, establishing a global leader in onshore drilling in a deal valued at nearly $2 billion. “We are […]

Oil prices weighed down by geopolitical easing

*Oil prices – But supply issues remain supportive London — Crude oil futures were under pressure after a strong rise in the previous session, although crude prices continue to find support due to supply concerns. […]

Iraq to sign deal with Halliburton to develop Nahr Bin Omar oilfield

Bassem Abdul Karim, director general of state-run BOC, said Iraq’s oil ministry and Halliburton are expected to sign a confidentiality agreement in the coming days, after which Iraq will provide Halliburton with data on the […]

ADNOC Gas, Baker Hughes launch Levidian technology to turn methane into hydrogen, graphene

ADNOC Gas in partnership with Baker Hughes has successfully installed British climate technology firm Levidian’s patented LOOP technology at the Habshan Gas Processing Plant. This marks the first-ever deployment of the technology at an operational […]

DNO awarded 13 exploration licenses for North, Norwegian Seas

DNO ASA announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 13 exploration licenses, of which four are operatorships, under Norway’s Awards in Predefined Areas (APA) 2024 licensing round. […]