Upstream Projects

Legacy assets on the continent are struggling to compete with other opportunities in Western majors' portfolios as license expiries loom.

Tue, May 30, 2023

LNG INTELLIGENCE

India's ONGC Lowers KG Basin Output Estimates

India's biggest gas and oil producer has lowered production estimates from its flagship deep sea development, which could lead to higher LNG demand.

Tue, May 30, 2023

OIL DAILY

ConocoPhillips Snaps Up Total’s Surmont Oil Sands Stake

ConocoPhillips is set to become the sole owner of the Surmont oil sands project with the purchase of TotalEnergies’ remaining 50% stake in the facility for more than $3 billion.

Fri, May 26, 2023

OIL DAILY

Slim's Grupo Carso Buys Into Mexico's Zama Project

Grupo Carso, the industrial conglomerate backed by Mexican billionaire Carlos Slim, has agreed to a $125 million deal to take a portion of Talos Energy's stake in the shallow-water Zama field.

Fri, May 26, 2023

OIL DAILY

US Supreme Court Ruling Could Ease Permitting Burden

The US Supreme Court on Thursday narrowed the scope of a federal water law, a decision that could cut down on red tape for oil and gas drillers and pipeline projects.

Thu, May 25, 2023

INTERNATIONAL OIL DAILY

Aker BP Flags Oil Discovery Offshore Norway

Aker BP has announced a "significant" new oil discovery offshore Norway that could be developed as part of its big Yggdrasil project.

Thu, May 25, 2023

OIL DAILY

Chord Energy Eyes More Bakken Consolidation

Williston Basin pureplay Chord Energy isn't done expanding its position in the prolific oil play following its bolt-on deal with Exxon Mobil.

Thu, May 25, 2023

NEFTE COMPASS

China Strengthens Energy Ties With Central Asia, Russia

Kazakhstan signs new deals with state giants Sinopec and CNPC, as Chinese President Xi Jinping calls for a new gas pipeline from Turkmenistan.

Wed, May 24, 2023

NEFTE COMPASS

Uzbekistan Debates Mixed Energy Future

Uzbekistan looks to an energy future defined by partnerships, renewables and conventional sources.

Wed, May 24, 2023

OIL DAILY

Shell to Return Two Mexico Deepwater Blocks

Shell has begun the process of returning two of its deepwater exploration blocks in Mexico’s southern Salina del Istmo Basin, including the tract where it drilled the Aluk-1 well earlier this year.

Wed, May 24, 2023