(Bloomberg) – Total Energies SE is assembling a fleet of Deepwater rigs, support vessels and drilling crews offshore Suriname in the clearest sign yet that it’ll move forward with a historic oil development.  Although the French supermajor hasn’t formally greenlit the $9 billion development of crude discoveries in the Latin American nation, it’s already seeking […]

(WO) – According to the Norwegian Offshore Directorate, Equinor and its partners have made an offshore oil and gas discovery in wildcat wells 15/3-13 S and 15/3-13 A. The wells are part of the North Sea’s Gundrun field. Drilling was carried out by the Deepsea Stavanger rig. Preliminary estimates place the size of the discovery between 0.1 […]

LONDON – OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year, marking the producer group’s second consecutive downward revision. The weaker outlook further underscores the challenge faced by OPEC+, which comprises the Organization of the Petroleum […]