New Zealand Set to Scrap Oil, Gas Exploration Ban in H2
Prime Minister Christopher Luxon's administration had pledged to resume offshore oil and gas prospecting following last October's election....
Exploration & Production
North America Continues Streak of Rig Additions
North America added nine rigs week on week, according to Baker Hughes....
Abandoned Oil Wells Near Bakersfield Could Store Solar Power for 300,000 Homes
A pilot project in California will repurpose an old oil field to store renewable energy and help clean up the grid....
M&A Adventures Continue with ConocoPhillips $17.1 Billion Acquisition of Marathon
Just when the world thought the last big card was played in the M&A arena, announcement recently surfaced that ConocoPhillips would purchase Marathon Oil for...
Slick Picks: 3 Oil Stocks to Grease Your Portfolio’s Gears
Unlock the best oil stocks that could drive your portfolio's performance with robust returns and dividend income in the dynamic energy market....
Suncor Energy’s Rich Kruger Urges Canada to Seize the Opportunity its Energy Resources Provide
Calgary, Alberta--(Newsfile Corp. - June 6, 2024) - Suncor (TSX: SU) (NYSE: SU) President and Chief Executive Officer Rich Kruger says Canada can increase its...
OPEC+ Sets Production Quotas
This week had a variety of energy news, including OPEC+ deciding to maintain the current oil production level, Saudi Aramco selling $12 billion in stock,...
Equinor Sells Stakes in North Sea Licenses to PGNiG
The closing of the transaction is conditional upon ministry approval....
The Vital Necessity of Stopping Oil Production Decline in Equatorial Guinea
The discovery of oil in Equatorial Guinea in the mid-1990s constituted an undoubted turning point in the country’s history. The country’s economy had previously been...
ConocoPhillips-Marathon Deal Represents a Pivot
The ConocoPhillips-Marathon Oil transaction represents a pivot in U.S. shale mergers and acquisitions, according to Enverus Intelligence Research....