Author: admin@erthaenergy

Diversified Energy has signed a definitive agreement to acquire Maverick Natural Resources for approximately $1.27bn.

The number of operational oil and gas rigs in the US has decreased for the third consecutive week, reported Reuters.

Kuva Systems has been granted a $5m contract by the US Department of Energy’s Methane Emissions Reduction Program.

Argent LNG has signed a heads of agreement to supply Bangladesh with up to five million metric tonnes (mt) of LNG per year.

JERA is set to expand LNG imports from the US to diversify its supply chain and meet the rising demand from data centres and AI sectors.

Equinor has initiated preliminary work on the Bay du Nord oil project in the Canadian province of Newfoundland and Labrador.

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.