Author: admin@erthaenergy

Cenovus Energy has reported net earnings of C$146m ($102.7m) for the fourth quarter of 2024, a significant drop from C$820m in the previous quarter.

China National Offshore Oil Corporation (CNOOC) has started production from its Luda 5-2 North Oilfield phase two development project.

Ecopetrol has announced a substantial increase in its proven oil, condensates, and natural gas reserves as of 31 December 2024.

Shell UK has awarded a $120m contract extension to John Wood Group for its onshore and offshore assets across the UK.

Abu Dhabi National Oil Company (ADNOC) has completed its marketed offering of ADNOC Gas shares, raising gross proceeds of around $2.84bn.

Monitoring critical offshore infrastructure is becoming easier with subsea robotic repair and inspection, and could open large areas of the world’s oceans to exploration.

UK energy company Centrica has signed a 15-year sale and purchase agreement (SPA) with the Brazilian oil and gas company Petrobras.

Obsidian Energy has announced a definitive agreement to sell its operated Pembina assets to Calgary-based InPlay Oil for approximately C$320m ($225.2m).

OMV Petrom, an integrated energy producer, has commenced construction of a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit with an annual production capacity of 250,000 tonnes (t) at its Petrobrazi refinery in Romania.

Japex announced a shift in the company’s investment plans to prioritise oil and gas exploration and production investments through 2030.