Shale Oil & Gas

Shell to Add Two Wells at GoM Perdido Platform

Shell said on Thursday its unit has made a final investment decision to add two wells at the Perdido platform in the U.S. Gulf of Mexico to boost production.The Shell unit, which operates the Perdido platform, said the two wells are expected to produce up to 6,000 barrels of oil equivalent…
Oil Falls as Chinese Demand Sags, Fed Ponders Rate Cut

Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, which is the world's largest oil importer, and as investors paused buying ahead of the U.S. Federal Reserve's interest rate decision.Brent crude futures fell 39 cents to $74.10 a barrel by 1:10 p.m EST…
Oil Climbs After US Crude Stocks Fall

Oil edged up on Wednesday after a drop in U.S. crude inventories, and as investors eyed a potential interest rate cut by the U.S. Federal Reserve while weighing its projections for 2025.Brent futures were up 62 cents, or 0.85%, to $73.81 a barrel at 10:40 a.m. ET, while U.S. West Texas Intermediate crude was up 86 cents, or 1.23%, to $70.94.U.S.

Latest news

Exploration

Peru's No. Adolfo Heeren is named new CEO of Antamina, Peru's No.

Antamina is the second largest copper mine in Peru. It announced on Thursday that Adolfo Héren was appointed as its new CEO and General Manager. Heeren will take over the role of CEO for Anglo American Peru on February 1, 2025. Victor Gobitz Colchado is leaving his position due to personal reasons. Heeren, who is controlled by Glencore BHP Teck and Mitsubishi, will oversee the optimization process of Antamina's mine, as well as projects aimed at solving operational challenges.

Drilling

Oil Climbs After US Crude Stocks Fall

Oil edged up on Wednesday after a drop in U.S. crude inventories, and as investors eyed a potential interest rate cut by the U.S. Federal Reserve while weighing its projections for 2025.Brent futures were up 62 cents, or 0.85%, to $73.81 a barrel at 10:40 a.m. ET, while U.S. West Texas Intermediate crude was up 86 cents, or 1.23%, to $70.94.U.S. crude stocks and distillate inventories fell while gasoline inventories rose in the week ending Dec.

Production

Shell to Add Two Wells at GoM Perdido Platform

Shell said on Thursday its unit has made a final investment decision to add two wells at the Perdido platform in the U.S. Gulf of Mexico to boost production.The Shell unit, which operates the Perdido platform, said the two wells are expected to produce up to 6,000 barrels of oil equivalent per day at peak rates.The wells will be located in the Silvertip Frio reservoir, where Shell is the operator with a 40% stake and Chevron holds the remaining 60%.

Search Energy Jobs

Chief Radio Electronics Technician- Mixed Work Schedule

● Military Sealift Command

First Assistant Engineer - Mixed Work Schedule

● Military Sealift Command

Second Cook

Able Seaman (D)

Oiler

Job Seekers –
Post Resume Employers –
Post Jobs

Marine Technology ENews subscription

World Energy News is the global authority on the international energy industry, delivered to your Email two times per week.

Subscribe to World Energy News Alerts.