GeoPark Purchases Repsol’s Colombian Oil and Gas Assets for $530 Million
GeoPark acquires Repsol’s Colombian oil and gas assets for $530 million GeoPark Limited, a prominent independent energy company operating across Latin America, has signed Sale and Purchase Agreements (SPAs) with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire key oil and gas assets in Colombia. The acquisition encompasses Repsol Colombia O&G Limited’s 45% non-operated […]
Market Size and Share Projections for PDC Cutters in Oil & Gas Drilling
PDC Cutters for Oil & Gas Drilling Market Size, Share Projections PDC Cutters for Oil & Gas Drilling Market 𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: According to Verified Market Reports analysis, the global PDC Cutters for Oil & Gas Drilling Market size was valued at USD 3.15 Billion in 2023 and is projected to reach USD 4.23 Billion […]
Oil Rig Count Declines as Oil Prices Experience Largest Weekly Increase Since 2022
Oil Rig Count Drops as Oil Prices See Strongest Weekly Gain Since 2022 The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 2 this week to 585, compared to 619 […]
Malaysia Challenges Chinese Patrols to Boost Oil and Gas Drilling in the South China Sea: Report
Malaysia defies China’s patrols to expand South China Sea oil, gas drilling: report Malaysia is expanding oil and gas exploration in the disputed South China Sea despite pressure from Chinese vessels that have maintained a constant presence in waters where both sides have overlapping claims, according to a new report. Short-range coastal tracking data show […]
Alaska Energy Metals Completes Inaugural Diamond Core
Alaska Energy Metals Corporation (AEMC) announced the successful completion of its drilling program at the Canwell prospects within the Nikolai Project in Alaska. The program included three drill holes totaling 1,048 meters, with two reaching planned depths. Core samples are at SGS Burnaby labs for analysis, with results expected this quarter. The company also conducted […]
Colorado’s Bold Decision to Ban Oil Drilling Ignites National Debate
Colorado’s Bold Move to Ban Oil Drilling Sparks Nationwide Debate Earlier this year, Democratic lawmakers in Colorado proposed two pieces of legislation aimed at introducing a statewide ban on oil and gas wells, which would be the first of its kind in the U.S. One of the bills aimed to introduce a ban on new […]