China National Offshore Oil Corporation (CNOOC) has initiated production at Phase I of the Kenli 10-2 Oilfields Development Project, signifying milestone for the largest shallow lithological oilfield offshore China.
Carnarvon Energy is set to make a strategic investment in Strike Energy, to acquire up to 19.9% of the company for A$89m ($58m), to be issued as fully paid ordinary shares.
Monumental Energy has successfully resumed commercial production at its Copper Moki-1 and Copper Moki-2 wells in New Zealand’s Taranaki Basin.
MT Group has been awarded a contract to oversee the construction of critical infrastructure at the Brunsbüttel FSRU LNG terminal in Germany.
Turkey has reportedly submitted a draft proposal to Iraq aimed at renewing and broadening their existing energy agreement.
Accessing profitable export markets presents a challenge for Kazakhstan’s burgeoning – and likely highly profitable – oil and gas industry.
Vår Energi, along with its partners, has announced a significant gas/condensate discovery in the Vidsyn prospect in the Norwegian Sea.
BASF has entered into a strategic ten-year agreement with Equinor, securing an annual supply of up to 23 terawatt hours of natural gas.
ExxonMobil is reportedly in negotiations with Iraq to make a comeback to the nation’s oilfields.
Oilfield services giant SLB issued a cautionary statement on Friday, indicating a possible downturn in global upstream spending in 2025, especially in North and Latin America.
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