Author: admin@erthaenergy

Offshore contractor MODEC has secured the full EPCI contract to deliver a FPSO vessel for the Hammerhead development.

BKV Corporation has completed the acquisition of all issued and outstanding equity interests of Bedrock Production in a transaction valued at approximately $370m.

Mexican conglomerate Grupo Carso has signed an agreement with Mexico’s state oil company, Pemex, worth $1.99bn.

TotalEnergies has entered into an agreement to purchase a 49% interest in natural gas producing assets in the Anadarko Basin, Oklahoma, US.

Energy company bp has taken a final investment decision (FID) on the Tiber Guadalupe development in the Gulf of America.

The US Treasury’s Office of Foreign Assets Control has postponed sanctions on Serbia’s Russian-owned NIS oil company, initially set for 1 October, by eight days.

Saipem has secured authorisation from ExxonMobil Guyana to proceed with the engineering, procurement, construction, and installation (EPCI) activities for the Hammerhead offshore project.

Iraq has reportedly resumed oil exports from its Kurdistan region to Turkey, the first flow through the pipeline in over two years.

Asia is to spearhead the global polyethylene terephthalate (PET) capacity additions by 2030, mainly due to its escalating demand for PET.

Although imports such as crude oil and natural gas are mostly excluded, fears that Trump’s tariffs have exerted downward pressure on oil prices.