Industry News
Tullow Oil seals $300m Gabon assets sale to Gabon Oil Company
Tullow Oil has signed a share and purchase agreement with Gabon Oil Company to sell its entire working interests in Gabon.
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Analyst Comment
Top 20 themes shaping the oil and gas industry in 2025
In this report, leading data and analytics company GlobalData identifies the top 20 themes that will impact the oil and gas industry in 2025. For each theme, the company offers a series of predictions, identifies winners, and points you to further reading.
Industry News
TWMA secures drilling waste management contract from bp in UK North Sea
Drilling waste management company TWMA has secured a contract from bp to provide its services in the UK North Sea.
Industry News
Seatrium secures contract to convert LNG carrier into FSRU for deployment in Egypt
Seatrium has announced a major contract win from Höegh Evi, Norway, to convert an LNG carrier into a FSRU.
Industry News
Aramco anticipates steady demand and possible growth in 2025
Saudi Aramco, has projected that oil demand will remain robust throughout the year, with potential for additional growth if the ongoing US-China trade disputes are resolved.
Analyst Comment
Oil and gas contracts volume and value reports marginal decline in Q1 2025
Global oil and gas contracts reported a quarter-on-quarter decrease in total disclosed value, with $33.33bn in the first quarter (Q1) of 2025 as compared to $39.43bn in Q4 2024.
Industry News
Prosafe’s Safe Notos vessel triumphs in Petrobras’ four-year contract bid
Prosafe has emerged as the successful bidder in Petrobras’ tender for a four-year contract, offering the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil.
Industry News
India to acquire pre-emption rights over oil and natural gas during national emergencies
The Indian government will retain pre-emption rights over all oil and natural gas produced within the country in the event of a national emergency.
Ertha Energy News
Ertha Energy Celebrates Unity and Tradition at Majlis Berbuka Puasa 2025
On the evening of 20th March 2025, the Ertha Energy family gathered at the elegant Royale Chulan Kuala Lumpur for a heartwarming Berbuka Puasa feast. The event brought together employees from all walks of life in a shared moment of reflection, gratitude, and cultural celebration during the blessed month of Ramadan. Adding a touch of elegance and heritage to the evening, all staff came dressed in beautiful traditional Malay attire and batik designs, showcasing Malaysia’s rich cultural identity and unity in diversity.
Industry News
Petrobras reports 48.6% profit increase and declares $2.1bn in dividends
Brazil’s Petrobras has reported a 48.6% increase in net profit to 35.2bn reais ($6.21bn) in the first quarter of 2025 compared to the same period last year, bolstered by non-recurring events.