Author: admin@erthaenergy

A court of arbitration in Kazakhstan has ruled in favour of major oil companies in a dispute with the government over a $5bn environmental fine and tax claims at the Kashagan oil field.

JERA and bp revealed their leadership team for their planned 50-50 offshore wind joint venture (JV), JERA Nex bp.

Sabah Shell Petroleum Company (SSPC) has started first oil production from phase 4 of the Gumusut-Kakap-Geronggong-Jagus East deepwater offshore project.

The US Energy Secretary, Chris Wright, has announced plans for seeking up to $20bn to achieve refilling of nation’s strategic petroleum reserve to its full capacity.

Hunting has announced the acquisition of the Organic Oil Recovery (OOR) technology from its original shareholders for $17.5m.

DNO has announced the signing of an agreement to acquire all shares of Sval Energi Group from HitecVision for an enterprise value of $1.6bn.

Vitesse Energy has completed the acquisition of Lucero Energy, valued at $222m.

Mexico’s state-owned company, Pemex, is seeking new buyers for its crude oil in Asia and Europe after the imposition of the US tariffs on Mexican imports.

Baker Hughes and Woodside Energy have announced a joint initiative to develop a lower-carbon power generation technology using the Net Power platform.

The European Commission’s proposal to extend the EU’s current gas storage regulation until 2027 has met with resistance from member states