Industry News
Zion Oil & Gas resumes MJ-01 well project in Israel
American exploration company Zion Oil & Gas has announced the resumption of work on the Megiddo-Jezreel (MJ-01) well recompletion project in Israel.
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Industry News
Cue Energy completes second Mereenie production well in Australia
Cue Energy Resources has announced it has completed the West Mereenie 30 (WM30) well, part of the Mereenie gas field in the Northern Territory, Australia.
Industry News
bp considers Castrol lubricants business sale
BP (bp) is contemplating the sale of its Castrol lubricants business, a move that could value the unit at approximately $10bn, reported Bloomberg.
Industry News
Diamondback Energy plans to acquire Double Eagle IV subsidiaries for $3bn
Diamondback Energy has announced a definitive agreement to acquire subsidiaries of Double Eagle IV Midco, marking an expansion in the Midland Basin, US.
Industry News
Rhino Resources discovers hydrocarbons in Orange Basin, offshore Namibia
Rhino Resources has announced the completion of drilling of the Sagittarius 1-X well at the PEL85 license in the Orange Basin, offshore Namibia, confirming the presence of a hydrocarbon-bearing reservoir.
Features
Explaining the UK’s energy mix under the Labour government
How far will the new Labour government go in the move away from hydrocarbons and towards the use solar, wind and nuclear in the energy mix.
Industry News
Global oil and gas contract value stable despite recent volume decline, says GlobalData
The global oil and gas industry experienced a 15% quarter-on-quarter decrease in the total number of contracts, says GlobalData.
Industry News
Outrigger Energy II completes Williston Basin midstream system sale
Outrigger Energy II has finalised the sale of its Williston Basin midstream system in North Dakota, US, to Hiland Partners, a subsidiary of Kinder Morgan, in a deal valued at $640m.
Industry News
Occidental to sell upstream assets for $1.2bn
US oil and gas company Occidental has signed two agreements to divest certain upstream assets for a combined value of $1.2bn.
Industry News
Arabian Drilling and Shelf Drilling sign MOU to boost offshore drilling
Arabian Drilling has signed a MoU with Shelf Drilling to form a strategic alliance aimed at enhancing international offshore drilling services.