Author: admin@erthaenergy

UK-based Serica Energy has agreed to acquire BP’s entire stake in the P111 and P2544 licences located in the UK Central North Sea.

Sonatrach and idad Energy North Africa have signed a production-sharing contract (PSC), worth around $5.4bn, focused on Illizi Basin.

Petronas will reduce its dividend payment to the government by 38% in 2026 due to declining oil prices, said Malaysia’s Finance Ministry.

Eni and YPF have finalised an agreement to advance an LNG project in the Vaca Muerta field, located in northern Patagonia, Argentina.

The National Iranian Oil Company (NIOC) has reportedly initiated development work at the recently discovered Pazan oil and gas field.

Colonial Pipeline Company has informed staff that it intends to reduce some roles following an internal review.

BP has won its arbitration case against Venture Global over the latter’s failure to deliver LNG under a long-term contract.

Staatsolie has announced that Chevron Suriname Exploration is anticipated to commence the Korikori-1 exploration well drilling this month.

US has imposed sanctions on the Petroleum Industry of Serbia (NIS), the operator of the Serbia’s only refinery.