29 September 2025
29 September 2025
Against this backdrop, GlobalData surveyed its readers to understand their views on the likely impact of President Trump’s tariffs on the global oil and gas industry outlook.
Oil India reported an initial gas occurrence in the Andaman shallow offshore block, with testing and isotope studies under way to assess scale and viability.
The EPCI contract value for the project is approximately $500m.
The move follows an interim agreement between Iraq's Federal Government, the KRG and foreign oil producers.
Shell will acquire 10% of TotalEnergies’ 12.5% stake for $408m (£303.47m), while Agip will take the remaining 2.5% interest for $102m (N158.8bn).
The approval is part of the final stage in the environmental licensing process for the deep-water block in Amapá.
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