Gunvor withdraws bid for Lukoil assets after US Treasury criticism
Swiss commodity trading firm Gunvor has withdrawn its bid to acquire international assets from Russian energy company Lukoil after the …
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MOL looks to procure most of its crude oil from non-Russian suppliers
Hungarian oil company MOL Group has announced that it can source most of its crude oil from non-Russian suppliers, signalling …
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Equinor awards new framework contracts worth $1.7bn
Equinor has signed new framework agreements with four suppliers for insulation, scaffolding and surface treatment (ISS) services at its Norwegian …
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ConocoPhillips increases dividend for Q3 2025 amid higher project costs
ConocoPhillips has raised its dividend by 8% to $0.84 per share for the third quarter of 2025 (Q3 2025), overshadowed by …
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Baker Hughes secures equipment supply order for Rio Grande LNG Train 5
US-based energy technology company Baker Hughes has secured a new contract from Bechtel Energy to supply key liquefaction equipment for …
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ExxonMobil to buy 60% stake in Block 2 concession offshore Greece
US-based oil major ExxonMobil has signed a farm-in agreement with Energean and Helleniq Energy to acquire a 60% interest in …
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Corcel secures environmental permit for KON-16 block in Angola
UK-based exploration and production (E&P) company Corcel has secured approval to begin seismic acquisition activities within the KON-16 onshore block …
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Petronas and partners secure new exploration blocks offshore Suriname
Petronas, through its subsidiary Petronas Suriname E&P, has secured production sharing contracts (PSCs) for blocks 9 and 10 in the …
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Petro Matad announces updates on Gazelle and Heron wells in Mongolia
Petro Matad has started production from the Gazelle-1 well in Mongolia at an initial rate of 200 barrels of oil …
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Union Jack Oil’s Oklahoma well test yields no commercial oil
UK-based oil and gas company Union Jack Oil has announced that testing at the Sark well in central Oklahoma, US, …
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Carbon Clean, Samsung E&A to deliver modular carbon capture systems
Carbon Clean and Samsung E&A have entered a new partnership aimed at delivering modular carbon capture systems to industries worldwide. The …
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DNO and Aker BP agree to swap Norwegian Sea assets
Norwegian oil and gas operator DNO has agreed an asset swap with Aker BP that will increase its ownership in …
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Ovintiv to acquire NuVista Energy in $2.7bn deal
US-based exploration and production (E&P) company Ovintiv has agreed to acquire NuVista Energy in a cash and stock transaction valuing …
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ADNOC, Shell sign 15-year LNG supply deal for Ruwais project
Abu Dhabi National Oil Company (ADNOC) has entered into a 15-year sales and purchase agreement (SPA) with a Shell subsidiary …
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BP reports dip in net profit in Q3 2025
British oil and gas company bp has reported an underlying replacement cost (RC) profit of $2.21bn in the third quarter …
