Author: admin@erthaenergy

The International Energy Agency has projected a well-supplied global oil market in 2025, despite increasing demand.

Kosmos Energy has confirmed that it is in “preliminary discussion” with Tullow Oil, regarding a potential all-share takeover offer.

Brazilian energy company Petrobras has awarded contracts worth 16.5bn reais ($2.8bn) for the construction of 12 platform supply vessels (PSVs).

Vår Energi has confirmed an oil discovery in the Countach appraisal well, located near the Goliat field in the Barents Sea.

Moldova’s parliament has declared a national state of emergency for 60 days starting 16 December 2024, in anticipation of a potential cutoff of Russian gas supplies from 1 January 2025.

Rosneft has entered into an agreement with Reliance, an Indian private refiner, to supply close to 500,000 barrels per day of crude oil.

Saipem has received contracts for two major projects related to the transportation and storage of CO2 in the UK.

Ecopetrol, Colombia’s majority state-owned energy company, has announced the signing of five agreements with Parex Resources to enhance oil and gas production in the South American country.

Sound Energy has confirmed the completion of the transaction for the partial divestment of its Moroccan assets through the sale of its entire issued share capital in Sound Energy Morocco East Limited to Managem for a total value of up to $45.2m.

Sinopec has secured the International Organization for Standardization’s (ISO) approval for China’s first heavy oil technical specification.