Oil and gas

Crude Oil

Thailand’s PTTEP Buys 50% of Offshore Gas Block From Chevron for $450 Million

Thai oil and gas company PTT Exploration and Production (PTTEP) announced a $450 million deal to acquire a 50% stake in Block A-18, located in the Malaysia-Thai…

Natural Gas

CNOOC Unveils Major Discovery at Weizhou 10-5 Gas Field

CNOOC Limited, in collaboration with 80883, has reported a significant discovery in the exploration of metamorphic buried hills in the Beibu Gulf of the South C…

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’…