Author: admin@erthaenergy

IEA projected that the oil demand could reach about 113 million bpd by mid-century, around 13% increase from 2024 consumption.

Equinor has completed the sale of a 40% operated interest in Brazil’s Peregrino field to local oil and gas company PRIO, for $2.33bn.

Companies that align with existing international standards will have a competitive edge when regulation becomes fully applicable.

TotalEnergies has received the operatorship of shallow-water Block S4 off Guyana, through a five-year production sharing contract (PSC).

Petros has formalised agreements with international partners to expand onshore oil and gas exploration and CCUS initiatives

Gazprom Neft and Gazprom have agreed to sell their controlling stake in Petroleum Industry of Serbia (NIS) after the US sanctions.

Equinor and its partners have completed drilling wildcat well 34/6-9 S in the North Sea, which has been classified as dry.

The Trump administration is planning to propose oil drilling leases off the coast of California, opening up the region.

Russian oil producer Lukoil has declared force majeure on oil shipments at its West Qurna-2 oilfield in Iraq, reported Reuters.

Buccaneer Energy announced that its Allar 1 well, drilled in the Fouke area of the Pine Mills Field in Texas, US, did not find hydrocarbons.