Latest News for: Oil and Gas Exploration

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China and Algeria ink 490-mln-USD oil exploration contract

People Daily 29 May 2022
dollars contract on oil and gas exploration in Algeria's Zarzaitine field, some 1,500 km southeast of Algiers ... Sonatrach's CEO Toufik Hakkar said the company aims to expand its oil and gas exploration capabilities in order to boost oil exports and meet growing local demand.
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How Gustavo Petro would change Colombia if he wins the presidential election

Economist 28 May 2022
How do you plan to finance all your proposals? You want to expand the size of the state while prohibiting new oil and gas exploration, though hydrocarbons make up half of Colombia’s exports ... But would you end oil and gas exploration entirely from day one? \nGP ... On the economic side, that was oil, gas and cocaine.
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Oil prices and efficient buying

The News International 28 May 2022
International oil prices have almost doubled from $60/bbl to $112/bbl and gas/LNG prices almost tripled or even quadrupled ... There are private-sector parties which claim that they can help bring cheaper oil and gas ... There is a controversy regarding cheaper Russian oil and gas.
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Stocks rise as uncertainty ends after fuel price hike

Dawn 28 May 2022
Sectors that contributed the highest number of points to the benchmark index included fertiliser (44.1 points), oil and gas exploration (43.02 points), commercial banking (40.51 points), chemical (37.63 points) and cement (35.44 points).
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Oil India reports high-ever profit on oil price surge

The Times of India 27 May 2022
State-owned Oil India Ltd on Friday reported its highest-ever quarterly net profit in the three months to March as it got nearly $100 per barrel price for oil produced and sold ... The nation's second-biggest state oil and gas explorer got $2.35 per million British thermal unit gas price in 2021-22, as against $2.09 per mmBtu in 2020-21.
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Greece accuses Turkey of directly challenging its sovereignty

The Arab Weekly 27 May 2022
Greece and Turkey have been at odds for decades over sea boundaries, but the disagreement flared in 2020 as oil and gas exploration in the eastern Mediterranean intensified ... The Greek-Turkish dispute largely centres around oil-and-gas drilling rights in the eastern Mediterranean, specifically around Greek islands near Turkey’s coastline.
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Oil India reports high-ever profit on oil price surgeThe nation's second-biggest state oil and gas ...

Deccan Herald 27 May 2022
State-owned Oil India Ltd on Friday reported its highest-ever quarterly net profit in the three months to March as it got nearly $100 per barrel price for oil produced and sold ... The nation's second-biggest state oil and gas explorer got $2.35 per million British thermal unit gas price in 2021-22, as against $2.09 per mmBtu in 2020-21 ... Oil India.
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Is now the time to buy Shell shares?

The Motley Fool 27 May 2022
Shell (LSE.SHEL), the oil and gas exploration, production, and refining company, is listed on the FTSE 100 and operates across the globe ... One issue is that the UK government has just signalled that it will U-turn on its position on windfall taxes on oil and gas companies.
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Which companies will lose the most from the energy windfall tax?

Moneyweek 27 May 2022
The new tax introduces a 25% levy on the “extraordinary profits” of oil and gas companies, but also brings in an 80% allowance on capital spending, allowing companies to save 91p for every £1 they invest ... EnQuest, which specialises in squeezing oil and gas out of mature fields is also exposed.
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Basin rig count down one as prices increase

Odessa American 27 May 2022
The count shows that 574 rigs sought oil, down two from the previous week, and 151 explored for natural gas, up one from the previous week.
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Hess to Participate in Bernstein’s 38th Annual Strategic Decisions Conference

Maryville Daily Forum 27 May 2022
NEW YORK--(BUSINESS WIRE)--May 27, 2022--. Hess Corporation (NYSE ... Eastern Time ... Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https.//www.hess.com/ ... FINANCE OIL/GAS ENERGY PROFESSIONAL SERVICES UTILITIES. SOURCE.
photo: Creative Commons / Dankihot
Visit of Turkish President Recep Tayyip Erdogan to Ukraine in 2022. Meeting with Ukrainian President Volodymyr Zelensky, 3 February 2022
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Turkey told to ‘stop questioning’ Greece’s sovereignty in letter to UN

Greek City Times 27 May 2022
However, the disagreement escalated in 2020 as oil and gas exploration in the eastern Mediterranean intensified ... The Greek-Turkish dispute largely centres around oil and gas drilling rights in the eastern Mediterranean, specifically around Greek islands near Turkey’s coastline.
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Oil And Gas Exploration In 2021 Resilient Regardless Of Pandemic

Rigzone 27 May 2022
Oil and gas exploration in 2021 was remarkably resilient despite the pandemic and accelerating the energy transition, according to Westwood Global ... .
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Chevron streamlines top operations management as U.S. oil role grows

Hydrocarbon Processing 27 May 2022
Chevron will consolidate its exploration and production and refining units under a single executive, it said, as the company sharpens its focus on U.S. oil and gas production and cost efficiency ....
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Africa "Priority" For India: Foreign Ministry On Vice President's Visit

NDTV 27 May 2022
Terming Africa a priority continent for India, the Ministry of External Affairs on Friday said the continent has a huge potential of joining collaboration in the exploration of Oil and Gas, especially... .

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