Author: admin@erthaenergy

Alberta’s wildfires have led to the suspension of approximately 350,000 barrels of daily heavy crude production.

Cactus Companies has agreed to acquire a 65% controlling stake in Baker Hughes’ Surface Pressure Control (SPC) business.

US President Donald Trump is planning to repeal the restrictions imposed by Joe Biden on oil drilling in Alaska’s National Petroleum Reserve.

SOCAR has reportedly signed new agreements with ExxonMobil and BP for oil and gas exploration in the country.

Prime Infra has signed an agreement to acquire a 60% stake in the gas assets of First Gen for $896.44m.

Fugro has secured what it claims to be its largest-ever project in the Asia Pacific (APAC) region to support the development of a deep-water gas field in Southeast Asia.

EOG Resources has entered into a definitive agreement to acquire Encino Acquisition Partners from Canada Pension Plan Investment Board and Encino Energy.

Romania’s OMV has concluded the sale of its 5% stake in the Ghasha concession to Lukoil Gulf Upstream for $594m.

Nigeria’s president Bola Tinubu has signed an executive order designed to reduce costs and increase revenue from oil and gas projects.

BP has appointed oil industry veteran Dave Hager to its board, a move that underscores the company’s strategic shift to its core fossil fuel business.