BP, Chevron, and Talos Energy received disappointing results this week from its Puma West-2 appraisal well, Talos said. The Puma West-2 appraisal well was drilled to a depth of 25,995 feet followed by a sidetrack, which was drilled geologically down-dip to a total depth of 27,650 feet. While the appraisal wells did encounter hydrocarbons in multiple sands, additional hydrocarbons from a subsequent well or sidetrack are necessary before they consider moving forward with the project. The Puma West 2 wellbore was suspended temporarily with utility…
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Saudi Arabia’s Unsuccessful Attempt To Boost Oil Prices
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Saudi Arabia’s Unsuccessful Attempt To Boost Oil Prices
Saudi Arabia's attempt to shock oil markets and push oil prices higher appears to have backfired, with prices falling and Saudi Arabia's market share in Asia now under threat.Investor Alert: Whether you are new to the oil and gas industry or an energy ...
China Tells Largest Banks To Cut Deposit Rates In Bid To Boost Growth
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With China's post-covid recovery stalling and the economy stagnating, many said it was only a matter of time before China engages in fresh easing - especially when it co...
1000s Evacuated As Massive Wall Of Water Surges Through Ukraine After Major Dam ‘Blown Up’
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Images and videos posted on social media show a major dam and hydroelectric power plant in the Russian-occupied region of Kherson, located in southe...
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