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Oil and gas
Crude Oil
Perenco Completes Acquisition of Woodside’s Greater Angostura Stakes
Woodside Energy Group Ltd. sold its Greater Angostura oil and gas assets in Trinidad and Tobago to Perenco Group for AUD 206 million ($135.18 million). The deal…
LNG
PTT Secures First Long-Term LNG Export Contract Outside Thailand
Thailand’s state-owned oil and gas company, PTT, has entered into a heads of agreement (HoA) with Centrica Energy, a UK-based energy firm, for a multi-yea…
Natural Gas
Second Phase of China’s Largest Offshore Gas Field Goes Operational
China National Offshore Oil Corporation (CNOOC), the leading offshore oil and gas producer in China, announced on June 25, 2025, the full operation of the secon…
Crude Oil
Petrovietnam and Partners Sign PSC for Vietnam’s Block 15-1
Vietnam National Oil and Gas Group (Petrovietnam) and its partners have signed a new product sharing contract (PSC) for Block 15-1, situated on the southern con…
Oil Field
More Time for UK Operator to Breathe Life Into Two North Sea Oil Discoveries
UK-based oil and gas company Orcadian Energy has secured an extension for Phase B of its P2482 license, allowing continued development of the Elke and Narwhal o…
Oil Field
Chinese Giant Augments Hydrocarbon Production as Oilfield Project Goes Live
China National Offshore Oil Corporation (CNOOC), a state-owned oil and gas company, has commenced production at the Weizhou 5-3 oilfield development project in …
Natural Gas
China’s Largest Coalbed Methane Field Reaches Milestone Output
By the end of May 2025, the Daning-Jixian coalbed methane field in Shanxi Province, northern China, achieved a cumulative gas production of over 3.6 billion cub…
Oil&Gas Drilling
NIDC Drilling Operations Complete 20 Wells in Two Months
The National Iranian Drilling Company (NIDC) successfully completed the drilling of 20 onshore oil and gas wells over a two-month period ending May 21, utilizin…
China
Giant FPU’s Transport Marks ‘World’s First’ for CNOOC
On May 11, 2025, China National Offshore Oil Corporation (CNOOC), a state-owned oil and gas company, successfully completed a significant transport operation fo…
Crude Oil
U.S. Says There Are Significant Undiscovered Oil and Gas Resources in Wyoming
On May 21, 2025, the U.S. Interior Department announced a federal assessment by the U.S. Geological Survey (USGS) identifying substantial undiscovered, technica…
Oil Field
Two ‘Strategic’ Oil & Gas Fields Come Online Offshore Indonesia
Medco E&P Natuna, a subsidiary of PT Medco Energi Internasional, has started production at the Forel and Terubuk oil and gas fields in the South Natuna Sea Bloc…
Natural Gas
North Sea Operator Takes Steps to Boost Its Stake in UK’s Largest Gas Field
Ithaca Energy, a UK North Sea oil and gas operator, has signed an agreement to acquire an additional 46.25% operated interest in the Cygnus gas field from Spiri…
Oil Field
New Oil Discovery Springs up in Norwegian Waters
Aker BP, a Norwegian oil and gas company, has announced a new oil discovery in the Norwegian Sea, approximately 6 kilometers southwest of the Skarv field’…
Crude Oil
Norway Parliament Orders Restart to Frontier Oil and Gas Exploration Licensing
On Tuesday, the Norwegian parliament directed the Labour minority government to initiate a new licensing round for oil and gas exploration in frontier areas, pa…
Crude Oil
With Brazilian Oil Project Approved, BW Energy Sets Sights on Doubling Output by 2028
BW Energy, an Oslo-listed oil and gas exploration and production company, has approved the final investment decision for the Maromba field development in the Ca…
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