Category: News

Chart Industries’ shareholders have approved the acquisition of the company by Baker Hughes in a transaction worth up to $13.6bn.

Oil and Natural Gas Corporation (ONGC) is set to channel approximately $1.1bn into the development and production of oil and gas from 172 onshore wells across eight petroleum mining lease (PML) blocks in Andhra Pradesh, India.

QatarEnergy has signed an agreement with Shell to buy a 27% participating interest in the North Cleopatra exploration block offshore Egypt.

North African arm of Eni, an Italy-based energy firm, has restarted exploration work in northwest offshore area of Libya.

IOOC has entered into two agreements to acquire advanced offshore drilling rigs as part of efforts to boost oil and gas production in fields.

Chevron is exploring the sale of Denver-Julesburg shale basin pipeline assets, potentially fetching over $2bn.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a substantial increase in Nigeria’s oil rig count, with numbers soaring from eight in 2021 to 69, according to The Nation Newspaper.

Tamboran Resources has agreed to buy Falcon Oil & Gas in a deal that will create one of the largest acreage holders in Beetaloo basin.

Oil and gas fields are declining faster globally, forcing higher investment just to maintain output, warns a new IEA report.

Exxon Mobil has revealed its plan to eliminate roughly 2,000 roles worldwide, especially in Canada and across the European Union (EU).