Diversified Energy and Carlyle are partnering in a $2 billion deal to acquire proved, developed, producing assets ...

Saudi Arabian Oil Co. engages in the exploration, production, transportation, and sale of crude oil and natural gas. It operates through the following segments: Upstream, Downstream, and Corporate ...

Borr Drilling chief executive Patrick Schorn to take over as executive chairman, with current chairman Tor Olav Troim continuing to serve as a director, effective 1 September.Hou Qijun appointed ...

Australian oil and gas producer Santos said on Friday it had signed a mid-term liquefied natural gas supply deal with ...

American refiners are relying on oil supplies from the country’s biggest shale basins more than ever as flows of denser ...

Shell plc SHEL, a London-based integrated oil and gas company, and its consortium partners, including Equinor ASA EQNR, have made a breakthrough in natural gas production at the Ormen Lange field in ...

In 2019, the implementation of a retail energy tariff cap, set to allow a 1.9% margin, shaved 70% off Centrica's retail business profit. The energy crisis that started in 2021 has resulted in many ...

Oil and gas are also viewed as finite resources. In a 2023 report, the EIA estimated that there is enough global supply of crude oil, liquid hydrocarbons, and biofuels to power the world's demand ...

TotalEnergies and QatarEnergy have secured the Ahara oil and gas licence in Algeria's latest licensing round—its first under a new hydrocarbons law issued in December 2019. The Ahara block spans ...

The US House in May also passed the “One Big Beautiful Act”, which would order DoI to resume an oil and gas programme in the reserve. That legislation is still making its way through the ...

During July 2010, another gas/condensate fields at Sheikhan-1 were discovered by the Company. The crude oil production was 41019 barrels of oil per day (bopd). During 2010, 26 new wells were spudded.