Breakthrough oil discovery in Trinidad & Tobago
UK company has found what it describes as “virgin oil in a super-mature basin” onshore Trinidad and Tobago with over 290 feet of net oil pay at the Jacobin-1 well. The operator said
A new frontier LNG market
The Philippines is emerging as a new frontier LNG market, attracting strong interest from LNG producers and traders. Analysts stated in a new report recently, highlighting that the country only entered the LNG
Offshore Drillers See No New Rigs Even as Demand Nears Peak
As the world’s biggest offshore drillers gear up for more than $500 billion in new investments in the coming years, don’t expect rig contractors to meet the boom with a new round of
Conventional Discovered Oil and Gas Volumes Falling to New Lows
Despite rising investments in conventional oil and gas exploration, discovered volumes are falling to new lows. Estimates show that in the first half of 2023, explorers found 2.6 billion barrels of oil equivalent
Chevron Completes Purchase of DJ, Permian Acreage
Chevron Corp. has concluded the full acquisition of PDC Energy Inc., adding Denver-Julesburg (DJ) and Permian basin assets to its oil and gas inventory. “PDC’s high-quality assets open up even greater opportunities in