Crude oil prices went lower today after the U.S. Energy Information Administration reported an inventory increase of 7.3 million barrels for the week to April 26
Read more +Copper prices reached $10,000 per metric ton due to increasing demand and supply constraints, leading to concerns about a looming supply crisis.
Read more +OPEC has repeatedly argued that forecasts that predict a rapid end to the era of oil are not grounded in reality and that amplifying them could sap new investment in oil and gas supply that the world needs.
Read more +Shareholders of El Paso Corp. (EP) have approved a $24 billion takeover of Kinder Morgan Inc. in a deal that will form the biggest pipeline company in the US. EP…
Naga Utara-1 Well, Mahakam Hilir PSC, Indonesia Cue Energy Resources Ltd (ASX: CUE; NZX: CUE) is pleased to provide the following update on the drilling status of Naga Utara-1. The…
WA-360-P renewed for 5 years, MEO interest increases to 62.5% Key Points:• Designated Authority grants 5 year renewal of WA-360-P• MEO participating interest increases to 62.5%…
Independent assessment of Marina discovery and Breakwater prospect Key Points: • Marina-1 discovery assessed to contain contingent hydrocarbon resources in five zoneso contingent gas resources: 51 Bcf…
A new oil discovery has been made in the Campos Basin of the coast of Brazil. Repsol Sinopec Brasil discovered the Pão de Açúcar well has a thickness of 500m,…
Completes acquisition of Floyd 3D seismic survey in WA-454-P Key Points: • Completes acquisition of Floyd 3D seismic survey in WA-454-P (MEO 100%)• Survey will refine Marina resource…
Last week Shell made a £942 million bid for Cove Energy, who hold significant rights to areas of Mozambique that boast some of the world’s largest natural gas reserves, but…