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Harold Hamm halts drilling in Bakken on oil downturn
Harold Hamm suspends drilling in Bakken due to low oil profitability, a historic change for U.S. fracking.
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Harold Hamm halts Bakken operations due to drop in oil margins
Continental Resources slows down its Bakken activity due to falling crude oil prices. WTI hovers around USD 60 and marginalizes profitability.
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Brava Energia enters strongly into the Campos Basin after acquiring shares from Petronas
The company has formalized the purchase of 50% of the assets Tartaruga Verde and Module III of Espadarte, two offshore fields located in the prolific Campos…
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International companies explore adjustments to facilitate investments in Venezuela
Representatives of the energy sector are exploring legal and contractual adjustments that could unblock the entry of new oil investments.
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Mitsubishi announces sale of Haynesville shale gas assets
The volume produced is being evaluated for LNG shipments, especially to Japan, consolidating Haynesville's role as a strategic node in the global energy trade.
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Shell considers exit from al-Omar oilfield as U.S. firms explore opportunities in Syria
Shell considers withdrawing from al-Omar as Syria reopens its energy sector and US companies evaluate investments in the country's largest oil field.
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Shell and ExxonMobil abandon sale of U.K. gas assets to Viaro Energy
The cancellation of the deal underscores the increasing difficulty in closing strategic transactions in the gas sector in Europe.
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SOCAR begins supplying Azerbaijani gas to Austria and Germany
The expansion of the Southern Gas Corridor brings the number of buyer countries to 16 and strengthens Azerbaijan's role as a reliable energy supplier in Europe.
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Philippines makes gas discovery after more than 10 years
The Malampaya East discovery could cover the electricity demand of more than 5 million homes in a year.
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Var Energi confirms productive potential at Goliat Ridge after rigorous well tests
The new evidence increases the presence of quality crude oil in the Barents Sea region, with estimates exceeding 200 million recoverable barrels.
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Chevron to expand Leviathan to bring more gas to Israel, Egypt and Jordan
The expansion of the Leviathan field boosts regional gas production and consolidates Israel as an energy hub in the Eastern Mediterranean.
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TotalEnergies withdraws from consortium and sells stake to Vaaris in Nigeria
According to the official statement, TotalEnergies will transfer its interest in 15 licenses focused on oil production to Vaaris.