Month: March 2022

The World Bank approved an $875 million financing package for Côte d’Ivoire and signed an interim agreement with Eni to support the country’s Gas Master Plan and expanding natural gas infrastructure.

Eni and Halliburton have completed the industry’s first deployment of integrated closed-loop rig automation and managed pressure drilling on a deepwater exploration well offshore Indonesia, improving drilling efficiency by more than 15%.

The UK has opened a public consultation on Adura’s Jackdaw gas field as part of the regulatory approval process, marking another step toward production from one of the country’s largest undeveloped North Sea gas projects.

Chevron has signed a technology licensing agreement with ZL Chemicals to commercialize its Vantis™ advanced surfactant technology, designed to improve oil recovery and well performance in shale and tight reservoirs.

ADNOC has expanded its long-term energy partnership with South Korea through a new agreement covering crude oil supply, strategic storage and emergency supply coordination, further strengthening energy security in Asia.

Oil prices jumped Wednesday after U.S. President Donald Trump declared that the ceasefire with Iran was effectively over and said the U.S. would “probably” launch additional military strikes, raising the prospect of renewed conflict in one of the world’s most important oil-producing regions.

Iraq has restored production at three major southern oil fields after tanker exports resumed through the Persian Gulf, reversing temporary output cuts caused by disruptions following tensions around the Strait of Hormuz.

TotalEnergies CEO Patrick Pouyanné will speak at AOG 2026 as the company advances major offshore oil and gas projects in Angola, including the Kaminho deepwater development and the country’s first non-associated gas project.

Renaissance Africa Energy Company has announced an offshore oil discovery at the JK-004 exploration well in Nigeria’s OML 74, confirming approximately 1,000 ft of hydrocarbon-bearing intervals across seven reservoirs containing light oil.

Marubeni Corporation has acquired Barnett shale operator EagleRidge Energy, expanding its North American natural gas portfolio with a producer operating more than 3,500 wells and producing approximately 300 MMcfe/d in North Texas.