Rhino Resources and Halliburton have delivered the first two exploration wells in Block 2914, within Petroleum Exploration License 85 offshore Namibia.
Strathcona Resources has announced its intention to commence a takeover bid to acquire all issued and outstanding common shares of MEG Energy, not already owned by Strathcona or its affiliates.
Global oil demand growth is projected to decelerate, with an average increase of 740 thousand barrels per day (kb/d) expected in 2025, slowing further to 760kb/d in 2026, according to a report by the International Energy Agency (IEA).
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has been granted approval to proceed with the development of the Anambas block in Indonesia’s Natuna Sea
Italian energy giant, Eni has entered an exclusivity agreement with Ares Alternative Credit Management for the potential sale of a 20% stake in its energy subsidiary, Plenitude.
Aramco has announced the signing of 34 MoUs and agreements with major US companies, potentially totalling around $90bn in value.
Valeura Energy has announced the final investment decision (FID) on the redevelopment of the Wassana field, which is anticipated to substantially enhance shareholder value.
Chariot Limited, the Africa-focused transitional energy group, has regained operatorship and a 75% working interest in the Lixus Offshore and Rissana Offshore licences in Morocco.
Discover China Petroleum & Chemical Corporation’s breakthrough in shale gas exploration, enhancing production efficiency and reserves. Read more for insights.
ADNOC’s international investment arm, XRG, has acquired a 38% stake in an offshore natural gas block in Turkmenistan, marking a significant step in the company’s global expansion strategy
