Deal News
Savannah Energy calls off $1.25bn acquisition of Petronas’ South Sudan operations Â
Savannah Energy has terminated its planned $1.25bn purchase of Petronas’ oil and gas business in South Sudan. Â
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Industry News
Petronas achieves breakthroughs in Malaysia and Suriname
Petronas is considering enhanced exploration endeavours in selected focus regions.Â
Deal News
Equinor and ExxonMobil transfer Suriname exploration block stakes to HessÂ
Equinor, alongside Exxon Mobil, has transferred its ownership in a deepwater exploration block off the coast of Suriname to Hess.
Company News
CNOOC gains approval for major ultra-shallow gas field in South China SeaÂ
CNOOC has received official approval for a proved gas in-place volume exceeding 100 billion m3 at the Lingshui 36-1 field.
Company News
DeepC Store and Azuli secure greenhouse gas assessment acreages offshore AustraliaÂ
DeepC Store and Azuli have been awarded two GHG acreages in the Bonaparte and Browse Basins off the coast of Australia. Â
Industry News
Aramco acquires 22.5% of Petro Rabigh for $702m
Saudi Aramco has acquired a further 22.5% stake in Petro Rabigh as it looks to turn the struggling companies fortunes around.
Industry News
Vaalco signs PSC for Block P, glimmer of hope for Equatorial Guinea’s oil productionÂ
Vaalco is developing oil drilling campaigns in Equatorial Guinea, Côte d’Ivoire and Gabon, showcasing its appetite for African offshore assets.
Deal News
TotalEnergies to sell 50% stake in Pakistani JV to GunvorÂ
TotalEnergies has reached an agreement to divest its 50% share in Total PARCO Pakistan Limited (TPPL) to Gunvor Group for an undisclosed sum. Â
Industry News
US oil and gas production stalled by low prices, says reportÂ
Reuters has reported that oil and gas production in the US has stalled due to low prices. Companies have begun focusing on efficiency.
Deal News
ADNOC signs LNG supply deal with Japan’s Osaka GasÂ
ADNOC has entered into a long-term HoA with Osaka Gas for the supply of up to 0.8 million metric tonnes per annum (mmtpa) of LNG. Â