Oil

Norway
OMV Makes “Significant” Gas Discovery in Norwegian Sea, Estimates up to 140 Million Barrels
OMV (Norge) AS, the operator of the PL 1194 license, announced a significant gas discovery in the Norwegian Sea. The well, drilled by the Transocean Norge rig, …
Oil&Gas Drilling
Eni Gets Approval to Develop Two Major Gas Fields in Indonesia’s Kutei Basin
Eni has received approval from Indonesian authorities for the development of two major gas fields, Geng North and Gehem, in the Kutei basin. The approval includ…
Oil & Gas Trade
Canada’s Gran Tierra Energy to Acquire British Oil, Gas Producer I3 Energy for $225 Million
Gran Tierra Energy has announced plans to acquire i3 Energy plc in a cash and share deal valued at $225 million.The transaction, which will be executed through …
Oil&Gas Drilling
Egypt Plans to Return Oil, Gas Production to Normal From 2025, PM Says
Egyptian Prime Minister Mostafa Madbouly attends a press conference during his visit to the the Rafah border crossing to enter Gaza, amid the ongoing conflict b…
Oil&Gas Drilling
Mexico’s Pemex Gets Approval to up Investment in Deepwater Field Lakach by $400 Million
Signage of Petroleos Mexicanos (Pemex) is pictured at the company's headquarters in Mexico City, Mexico July 26, 2023. REUTERS/Raquel Cunha/File Photo Purch…
LNG
Vietnam to Select Investor for $2.5 Bln Nghi Son LNG Power Plant by October
Authorities in Vietnam's Thanh Hoa province plan to select an investor through a bidding process by October to develop a $2.5 billion LNG-fired power plant,…
Oil & Gas Trade
Quantum Capital to Acquire Caerus Oil and Gas Assets for $1.8 Bln
U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won/File Photo Purchase Licensing RightsQua…
Oil & Gas Supply
Ghana Begins Construction of $12 Bln Petroleum Hub
President Nana Addo Dankwa Akufo-Addo of Ghana speaks during a press conference during the Summit on Peace in Ukraine, in Stansstad, Switzerland, June 16, 2024.…
Oil & Gas Trade
Exclusive: Kuwait in Talks With Qatar for New 15-Year LNG Supply Deal From North Field
Qatar Energy is in talks with Kuwait Petroleum Corporation (KPC) for a new long-term supply of liquefied natural gas (LNG) to help meet rising demand for power …
LNG
As Legal Challenge for $12.5 Billion Gas Project Gets Dropped, First LNG Cargo on Track for 2026
Australia’s energy giant Woodside has struck a deal with the Australian Conservation Foundation (AFC) to ensure a two-year legal challenge, concerning a p…
Oil&Gas Drilling
Shelf Drilling’s Backlog Reaches $2.1 Billion With 33 Out of 36 Rigs Busy With Work
UAE-headquartered offshore drilling contractor Shelf Drilling has pushed its total contract backlog to $2.1 billion at the end of the second quarter of 2024. Th…
Oil & Gas Trade
Oil Producer APA Explores $1-Billion Sale of Permian Assets, Sources Say
An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. REUTERS/Ernest Scheyder/File Photo Purchase Licensing RightsAPA Cor…
Oil & Gas Trade
Poland’s Orlen Reaches One-Year Deal for 6 Mln Tons of Oil From BP
Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo Purchase Licensing RightsPolish state-o…
LNG
BW LPG to Acquire 12 Very Large Gas Carriers for More Than $1BN
The transaction significantly expands BW LPG’s fleet. (Credit: Lens Envy/ Flickr)BW LPG has announced the acquisition of 12 modern Very Large Gas Carriers…
Oil&Gas Drilling
US Government Allocates $775M for Orphaned Oil and Gas Well Cleanup
DOI’s new $775m funding aims to address orphaned oil and gas wells across 21 states. (Credit: U.S. Department of the Interior)The US Department of the Int…

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Oil

OMV Makes “Significant” Gas Discovery in Norwegian Sea, Estimates up to 140 Million Barrels

Eni Gets Approval to Develop Two Major Gas Fields in Indonesia’s Kutei Basin

Canada’s Gran Tierra Energy to Acquire British Oil, Gas Producer I3 Energy for $225 Million

Egypt Plans to Return Oil, Gas Production to Normal From 2025, PM Says

Mexico’s Pemex Gets Approval to up Investment in Deepwater Field Lakach by $400 Million

Vietnam to Select Investor for $2.5 Bln Nghi Son LNG Power Plant by October

Quantum Capital to Acquire Caerus Oil and Gas Assets for $1.8 Bln

Ghana Begins Construction of $12 Bln Petroleum Hub

Exclusive: Kuwait in Talks With Qatar for New 15-Year LNG Supply Deal From North Field

As Legal Challenge for $12.5 Billion Gas Project Gets Dropped, First LNG Cargo on Track for 2026

Shelf Drilling’s Backlog Reaches $2.1 Billion With 33 Out of 36 Rigs Busy With Work

Oil Producer APA Explores $1-Billion Sale of Permian Assets, Sources Say

Poland’s Orlen Reaches One-Year Deal for 6 Mln Tons of Oil From BP

BW LPG to Acquire 12 Very Large Gas Carriers for More Than $1BN

US Government Allocates $775M for Orphaned Oil and Gas Well Cleanup