The majors are investing more in deepwater exploration as they are doubling down on their pledge to continue delivering oil and gas to meet global demand.
The North Sea Transition Authority has announced the allocation of 31 new oil and gas licenses, marking a significant step towards reinforcing energy security in the UK, says Offshore Energies UK (OEUK).
Coeur Mining posted a loss for the first quarter, but with the Rochester Mine expansion now in commercial production, the company is looking forward to increased production and cash flow, and plans increased exploration.
Highlights: Infill results continue to confirm the presence of thick, consistent ore shoots with higher-grade Au mineralization along the 1.7 kilometres...
Brazil’s oil giant Petrobras recorded a 4.4% increase in its crude production in the first quarter of the year, driven by ramp-ups at five platforms and the start of commercial extraction at 19 new wells.