Industry News
Kapana 1X exploration well offshore Namibia yields no commercial hydrocarbons
Chevron has announced that its exploration well, Kapana 1X, located in Namibia’s Orange Basin, did not yield commercial hydrocarbon reserves.
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BP
BP shedding almost 8,000 jobs globally as cost-cutting continues
BP is set to cut nearly 8,000 jobs around the world, as net zero rules and tougher economic conditions put the producer under pressure.
Industry News
Talos finds oil and gas at Katmai West #2 well in US Gulf of Mexico
Talos Energy has discovered oil and natural gas at the Katmai West #2 well in the Ewing Bank area of the US Gulf of Mexico.
Industry News
Climate advocacy group urges Canadian pension funds to reassess natural gas investments
Canadian pension funds are being urged to reassess their investments in natural gas infrastructure in light of the global push towards emission reduction.
Industry News
Optimising centrifugal compressor technology for O&G operations: Improved seals for improved efficiency
As demands for energy intensify and sustainability becomes an industry priority, upgrading compressor technology is a necessity.
Industry News
BP to ink agreement with Iraq to redevelop four Kirkuk oil and gas fields
BP will sign a deal with the Government of Iraq to redevelop four oil and gas fields in the Kirkuk region in northern Iraq.
Industry News
Civitas Resources explores sale of assets in Denver-Julesburg Basin in Colorado
Civitas Resources is exploring the sale of part or all of its assets in the DJ Basin in Colorado, with valuations potentially exceeding $4bn.
Industry News
Yinson Production secures $1bn investment to drive growth
Yinson Production Offshore Holdings has entered a definitive agreement with a consortium of international investment firms.
Industry News
OMV expects $215.4m positive impact on Q4 earnings from Gazprom arbitration
OMV has announced an anticipated positive impact of approximately €210m ($215.4m) on its fourth quarter (Q4) earnings.
Industry News
BP expects weaker Q4 2024 performance, reschedules capital markets day
BP indicated that its Q4 results will be adversely affected by several factors, such as reduced oil and gas production and refining margins.