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 …
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US accelerates reviews of land parcels for federal oil and gas leasing
The US Department of the Interior (DOI) has announced a policy update by the Bureau of Land Management (BLM) to …
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Woodside Energy and Aramco to explore Louisiana LNG project partnership
Woodside Energy and Aramco have signed a non-binding agreement to explore potential collaborations, including Aramco acquiring an equity interest in …
