Chevron Corporation (NYSE: CVX) has launched oil and natural gas production from its innovative Anchor project in the deepwater U.S. Gulf of Mexico, marking a significant milestone for the energy sector. The project features cutting-edge high-pressure technology capable of operating at up to 20,000 psi, with reservoir depths extending to 34,000 feet below sea level. […]
In a remarkable quarter for Oil India Limited (OIL), the company has reported impressive growth figures for Q1 FY25, highlighting its strong position in the energy sector. OIL, one of India’s premier Maharatna Central Public Sector Enterprises (CPSEs), has shown a notable increase in both crude oil and natural gas production. Key Performance Metrics and […]
SapuraOMV Upstream Sdn Bhd, the operator of the Jerun gas field in Malaysia, has successfully commenced gas production, marking a significant milestone. The field, which Shell plc holds a 30% stake in through its subsidiary Sarawak Shell Berhad, started operations following a final investment decision made in 2021. Located approximately 160 kilometers northwest of Bintulu […]
Formation Minerals, Inc. (OTCQB: FOMI), a burgeoning oil and gas company, announced a strategic expansion through the acquisition of producing mineral interests in Bienville Parish, Louisiana. The deal, valued at $220,000 in cash, involves the purchase of certain mineral interests from a private seller, with the closure expected around July 26, 2024. Subject to customary […]
Orlen Group, through its subsidiary PGNiG Upstream Norway, has finalized an agreement to acquire a 20% stake in the Atlantis discovery located in the Norwegian North Sea. The specific financial details of the transaction remain undisclosed, marking a strategic expansion for the Poland-based energy conglomerate. The Atlantis discovery, first identified by Equinor Energy in July […]
Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), a key player in Europe and Turkey’s natural gas sector, has initiated a comprehensive operations program at the SASB Gas field in Turkey. The program, set to span over two months, includes significant updates and enhancements to several wells. Operations Update and Expansion The operations […]