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African NOCs advance oil and gas projects through diverse financing strategies

African national oil companies (NOCs) are leveraging innovative financing strategies to advance oil and gas projects, ensuring continued investment despite shifting global energy markets. Through various innovative strategies such as privatization and divestment, bond issuances, […]

Bayswater E&P closes $600 million sale of DJ Basin assets

Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company closed the sale of certain Denver Julesburg (DJ) Basin assets to Prairie Operating Co. in a cash and stock transaction valued at […]

Judge rules against sale of Gulf of Mexico oil drilling rights

Jennifer A. Dlouhy March 28, 2025 (Bloomberg) – A federal district judge on Thursday ruled against a Biden administration sale of oil and gas drilling rights in the Gulf […]

Woodside to divest Trinidad and Tobago assets to Perenco for $206 million

Woodside has entered into an agreement with Perenco to divest its Greater Angostura assets in Trinidad and Tobago for $206 million. The divestment is inclusive of Woodside’s interest in the shallow water Angostura and Ruby […]

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RRC Commissioners asses more than $1.8 million in oil and gas penalties

The Railroad Commission of Texas assessed $1,888,364 in enforcement docket fines against operators and businesses at the Commissioners’ open meeting on Wednesday. The Commission has primary oversight and enforcement of the state’s oil […]

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Texas sets new oil and gas production records in 2024

The RRC’s long history of common sense, science-based regulation of the oil and gas industry has safeguarded Texas communities and the environment while also fostering responsible production benefitting the state economy and America’s […]

Deepwater Development conference highlights renewed interest in that sector

World Oil’s Deepwater Development Conference (MCEDD) got underway on March 25 in Madrid, Spain, and has been thriving this week. There is no mistaking the renewed, growing interest in deepwater projects, and the attendance and […]

TechnipFMC awarded major iEPCI™ contract for Shell’s Gato do Mato, offshore Brazil

TechnipFMC has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Shell for its Gato do Mato greenfield development offshore Brazil. In addition to integrated execution, the project will […]

bp and Iraq finalize contract for Kirkuk oil field redevelopment

bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. The contract between North Oil Company (NOC), […]

Tullow Oil focuses on Ghana as part of debt reduction strategy

(Bloomberg) – Tullow Oil Plc will pump as much as it can from mature assets in West Africa this year as part of plans to bring debt below $1 billion. The company has been chipping […]