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China’s first ultra-deep geothermal scientific exploration well, Fushenre-1, is anticipated to reach a subterranean depth of 5,200 meters on Monday, setting a new record for the deepest geothermal exploration well in the country, China Media Group reports. The well’s drilling project is led by Sinopec, one of China’s largest oil …

TotalEnergies has agreed to acquire the 20% interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources (80%) in the Eagle Ford shale gas play, increasing its natural gas production capacity in Texas and further strengthening its business integration in the U.S. LNG value chain. TotalEnergies …

African and Western officials are concerned that the conflicts and coups in the Sahel region could spill over to the coast of West Africa, which hosts several major oil production projects and export terminals. Since 2020, there have been military coups in Burkina Faso, Mali, and Niger, while violence from …

Aramco has served notices of temporary suspension to two oilfield service contractors, Zawya has reported, citing the companies. According to one of them, Borr Drilling Limited, the suspension will begin this month and last for a year, the report said. Borr Drilling operates the Arabia I rig in Saudi Arabia …

The Kazakh delegation visited Japan in order to expand cooperation between the countries in the field of peaceful uses of nuclear energy from April 1 to April 5, 2024, Trend reports, citing the Energy Ministry of Kazakhstan. The Kazakh delegation included representatives of the Ministry of Energy, the Ministry of …

Gazprom Neft will meet the April quota of the OPEC+ on oil production cuts by the end of the month, CEO Alexander Dyukov told reporters, Azernews reports, citing TASS. “The Ministry of Energy traditionally communicates the quota to us; we perform it. We plan to achieve required volumes of production …

All major North Sea oil countries are expected to continue drilling for oil and gas as they fail to agree on climate measures. The major oil-producing countries operating in the North Sea have all announced ambitious production goals for the coming years, despite pressure from European governments and environmentalists to …

Saudi oil giant Aramco, the world’s top crude oil exporter, hiked on Friday the prices of most of its crude grades for May, as Middle Eastern benchmarks are strengthening in a market that looks increasingly tight. For a second consecutive month, Saudi Arabia raised the price of Arab Light, its …

The OPEC+ alliance may be risking a repeat of last year’s oil market boom and bust. Brent crude prices shot above $90 a barrel on Thursday and analysts warned of a further increase to $100. The rally came after Saudi Arabia and its partners signaled they’ll continue to squeeze supplies …

Qatar is backing up its massive LNG expansion plans with new orders to charter dozens of new ships as the tiny Gulf gas producer aims to solidify its dominance in the global LNG export market. Last year, the United States overtook Qatar as the world’s largest LNG exporter, but Qatar …