Oil and Gas
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.
Oil and Gas brings together the main developments across exploration, production, transport, refining and market activity in the global hydrocarbons sector. This section covers news on operators, projects, infrastructure, investments, supply dynamics and industrial decisions influencing the performance of oil and gas markets.
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Latest Oil and Gas News
Oil and Gas
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.
Oil and Gas
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…
Oil and Gas
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.
Oil and Gas
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.
Oil and Gas
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.
Oil and Gas
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.
Oil and Gas
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…
Oil and Gas
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.
Oil and Gas
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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