Kosmos Backs Off, Tullow Takes a Hit
Sometimes, no deal is better than a bad one—or so Kosmos Energy seems to think. The U.S. oil and gas firm abruptly called it quits on its potential takeover of…
Kazakhstan Bucks OPEC+ Production Cuts Extension
Kazakhstan is sticking to its plan to raise oil output next year, potentially creating further tension with its OPEC+ partners. “I order the Energy Ministry to intensify efforts to increase natural…
How Much Crude Oil is the USA Producing?
According to the Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released recently, the U.S. will produce an average of 13.53 million barrels per day of…
ADNOC’s XRG Hits the Market with British JV in Egypt
Abu Dhabi’s financially backed group XRG and British oil and gas major BP have closed a deal to set up a new natural gas joint venture in Egypt. The new…
Oil, Gas Groups Issue ‘Urgent Call’ to House Speaker
In a statement posted on its website, the Energy Workforce & Technology Council (EWTC) said a coalition of oil and gas trade associations “has issued an urgent call to House…
Teesside to host world’s first gas power plant with carbon capture
Construction is set to begin on the world’s first gas-fired power station equipped with carbon capture and storage (CCS) technology, located in Teesside, England. The Net Zero Teesside Power project,…
bp and ADNOC launch Arcius Energy regional gas platform
bp and ADNOC investment company XRG have completed the formation of their new international gas platform joint venture Arcius Energy. Announced in February, Arcius Energy is 51% owned by bp…
REV LNG fuels McAsphalt’s first LNG-powered bitumen carrier
Energy services company REV LNG has carried out its first liquefied natural gas (LNG) fuelling operation for Canada-based McAsphalt Marine Transportation Limited’s bitumen carrier. Called McAsphalt Advantage, the carrier was…
Northern Oil & Gas announces joint venture for 2025 Appalachia drilling operations
Northern Oil and Gas announced that it has entered a Joint Development Program with one of Appalachia’s most capital efficient operators. The program, which covers drilling activities in calendar year…
USA EIA Cuts WTI Oil Price Forecasts
In its latest short term energy outlook (STEO), which was released recently, the U.S. Energy Information Administration (EIA) lowered its West Texas Intermediate (WTI) spot price forecasts for this year…
