Author: admin@erthaenergy

Russian oil producer Lukoil has declared force majeure on oil shipments at its West Qurna-2 oilfield in Iraq, reported Reuters.

Buccaneer Energy announced that its Allar 1 well, drilled in the Fouke area of the Pine Mills Field in Texas, US, did not find hydrocarbons.

Norway-based TMC Compressors has been chosen to deliver a high-capacity marine compressed air system for MODEC’s new FPSO.

3D Energi has announced updates on the ongoing drilling at the Essington-1 gas exploration well in the Otway Basin, Victoria.

UK-based independent oil and gas company EnQuest has signed new senior secured reserve-based lending (RBL) facilities totalling $800m.

The US government is set to auction oil and gas drilling rights in the Gulf of Mexico next month, and in Alaska’s Cook Inlet in 2026.

Japan is set to start purchasing liquefied natural gas (LNG) for its emergency reserves every month from January 2026, reported Reuters.

Aker BP and its partners’ exploration well 30/11-16 S has yielded no commercial petroleum discovery in the Yggdrasil area of the North Sea.

Gunvor has withdrawn its bid to acquire international assets from Russian energy company Lukoil after the US Treasury criticised the deal.

MOL Group said it can source most of its crude oil from non-Russian suppliers, signalling a change in its approach to energy procurement.