Author: admin@erthaenergy

ExxonMobil has commenced exploratory drilling for natural gas off the coast of Cyprus, indicating Europe’s diversification efforts.

Tengizchevroil has commenced crude oil production at its 3GP of its Future Growth Project (FGP) within the Tengiz oilfield in Kazakhstan.

Gran Tierra Energy’s 2025 capital budget and production guidance anticipates a capital expenditure between $240m and $280m.

Demand forecasts converge in 2025. China and non-Organisation for Economic Co-operation and Development (OECD) growth, Europe transition, and US shift to watch.

Brazilian state-controlled firm Petrobras has begun the binding phase of selling its 25% minority stake in the exploration, development and production rights of oil and natural gas in the Tartaruga field, offshore Brazil.

Petronas has transferred its operatorship for the Kebabangan Cluster fields in Sabah, Malaysia, to ConocoPhillips Sabah Gas.

Trump’s recent executive order to halt the disbursement of funds, targets programmes that discourage fossil fuel development.

Kirkland and Ellis secured the top position as the leading mergers and acquisitions legal adviser in the oil and gas sector in 2024, in terms of both deal value and volume.

Citi and Jefferies topped the list of financial advisers for mergers and acquisitions in the oil & gas sector based on value and volume respectively 2024.

TotalEnergies has announced that the anticipated start of its $20bn Mozambique LNG project will be postponed beyond 2029.