For the first time ever, U.S. oil and gas firms spent more of their revenues on dividends and share buybacks than on exploration and production in new wells in 2022, a new study by E&Y showed on Tuesday.
Cairn Oil & Gas, a subsidiary of Vedanta Resources owned by billionaire Anil Agarwal, has announced that its reserves and resources portfolio in India has surpassed 1 billion barrels of oil equivalent (boe), media reports suggested.
QatarEnergy announced today a light oil discovery in the Jonker-1X deep-water exploration well, which marks the company’s third recent discovery offshore Namibia.