Rigzone Industry News

Africa Oil has received final approval from the South African government for the transfer of a 6.25 percent interest in Block 3B/4B in the Orange Basin.

he figure exceeds the $314 million (CAD 422 million) expenditure requirement of the Alberta Energy Regulator.

The proposed renewable fuel production facility in Canada will produce approximately 20,000 barrels per day of sustainable aviation fuel.

Aker BP will contribute to a kelp cultivation project for CO2 removal.

Energy logistics firm AET has secured a $100 million sustainability-linked Islamic revolving credit facility from Maybank Singapore, which it plans to use for emission reduction efforts.

Alberta's oil production rose above four million barrels a day for the first time in November.

Arrow is planning to drill 15 wells with a $33.68 million (CAD 45 million) net capital budget for 2024 as it focuses on its Colombian assets.

In a new report sent to Rigzone, analysts at Standard Chartered projected that global oil demand growth 'will stay above the longer-term average' in 2024 and 2025.

Astara Energy Corp. is acquiring 100 percent interest in Blackspur Oil Corp., the Canadian subsidiary of Calima Energy Limited.

'The valuation looks attractive with Callon being acquired around the value of its existing production without paying a meaningful amount for the undeveloped acreage'.