Author: admin@erthaenergy

Frontera Energy has reached an agreement to sell its 50% working interest in the Perico and Espejo blocks in Ecuador.

Abadi LNG project has initiated front-end engineering and design (FEED) for its onshore LNG plant (OLNG) in Masela Block, Indonesia.

Hess Midstream has declared a significant share repurchase programme, involving the buyback of $100m in shares, including $30m of class B units from its sponsor, an affiliate of Chevron, and $70m of class A shares from the public.

Chevron and Valero Energy are reportedly in discussions to recommence the supply of Venezuelan crude oil to Valero’s US refineries.

Trinidad and Tobago’s government has reportedly agreed to grant US oil giant ExxonMobil exploration rights to an ultra-deep area encompassing seven blocks.

BP has announced an underlying replacement cost (RC) profit of $2.4bn for the second quarter of 2025, marking a substantial increase from the $1.4bn reported in the previous quarter.

Halliburton has secured a contract for the Northern Endurance Partnership (NEP) carbon capture and storage (CCS) system.

Technip Energies has secured an EPC contract for Commonwealth LNG’s 9.5mtpa LNG facility in Cameron Parish, Louisiana, US.

Chinese independent oil companies are intensifying their activities in Iraq, aiming to double their production to 500,000bpd by 2030.