European oil and gas companies were “too ambitious” in decarbonisation goals, says GlobalData poll
Several oil and gas companies around the world pledged to reach net zero in carbon emissions amid the growing urgency …
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Halliburton unveils EarthStar 3DX resistivity service
Halliburton has introduced EarthStar 3DX, a 3D horizontal look-ahead resistivity service, marking an advancement in drilling technology. This service allows operators …
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Oman LNG inks term sale and purchase agreement with Vitol to supply LNG
Oman LNG has entered a term sale and purchase agreement (SPA) with Vitol, an energy and commodities company. Starting from January …
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EU gas storage refill cost to rise by €10bn after winter
The cost of replenishing the EU's gas storage facilities after a cold winter, which depleted its reserves, is set to …
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Guyana’s new oil pollution bill holds companies liable for spills
Guyana's National Assembly has passed an oil pollution bill holding companies and offshore operators accountable for damages from oil spills, …
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Türkiye discovers 75bcm natural gas reserve in Black Sea
Türkiye has unveiled a natural gas discovery in the Black Sea, with reserves estimated at 75 billion cubic metres (bcm). President …
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ADNOC signs deals worth $60bn with US companies to boost energy projects
ADNOC has announced a series of agreements with US energy companies, potentially enabling investments worth $60bn from the US in …
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Rhino Resources, Halliburton complete two exploration wells in Block 2914 in Namibia
Rhino Resources and Halliburton have delivered the first two exploration wells in Block 2914 within Petroleum Exploration License 85 offshore …
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Strathcona Resources to acquire MEG Energy through takeover bid
Strathcona Resources has announced its intention to commence a takeover bid to acquire all issued and outstanding common shares of …
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Oil demand growth set to slow for remainder of 2025: IEA
Global oil demand growth is projected to decelerate from 990,000 barrels per day (bpd) in the first quarter of 2025 …
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Kuwait’s KUFPEC receives approval to invest $1.54bn in developing Anambas block
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has been granted approval to proceed with the development of the Anambas block …
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Eni to divest 20% stake in Plenitude to Ares for over $13bn
Italian energy giant Eni has entered an exclusivity agreement with Ares Alternative Credit Management for the potential sale of a 20% …
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Aramco signs 34 MOUs and agreements with US companies, potentially worth $90bn
Aramco, the Saudi Arabian oil giant, has announced the signing of 34 memorandums of understanding (MOUs) and agreements with major …
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Valeura Energy reaches FID on Wassana field redevelopment in Thailand
Valeura Energy has announced the final investment decision (FID) on the redevelopment of the Wassana field, which is expected to …
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Chariot regains 75% interest in two Moroccan offshore licences
Chariot, the Africa-focused transitional energy group, has regained operatorship and a 75% working interest in the Lixus Offshore and Rissana …
