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 …
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Sinopec achieves breakthrough in shale gas exploration
China Petroleum & Chemical Corporation (Sinopec) has revealed that the Tiebei 1HF well at its Project Deep Earth – Sichuan …
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ADNOC’s XRG acquires 38% stake in Turkmenistan’s offshore Block I natural gas field
ADNOC's international investment arm, XRG, has acquired a 38% stake in an offshore natural gas block in Turkmenistan, marking a …
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Europe may need competitive pricing to refill gas storage
Europe may need to maintain competitive pricing to secure the additional 30 billion cubic metres (bcm) of liquefied natural gas …
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New Fortress completes Jamaica assets sale to Excelerate for $1.05bn
New Fortress Energy has completed the sale of its Jamaican assets and operations to Excelerate Energy for $1.05bn. The assets involved …
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Strathcona Resources announces $2bn Montney assets sale in three separate transactions
Strathcona Resources has entered into definitive agreements for the sale of its assets in Montney, Canada, for approximately C$2.84bn. The transactions …
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McDermott completes Scarborough FPU floatover for Woodside Energy
McDermott has completed the Scarborough floating production unit (FPU) floatover project for Woodside Energy. This milestone encompasses the fabrication, construction and …
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Eni starts production at Merakes East field in Indonesia
Italian energy giant Eni has commenced gas production from the Merakes East field, located in the Kutei basin, offshore Indonesia. Eni …
