Author: admin@erthaenergy

The National Bank of Ukraine has announced a requirement of $2.9bn to fund gas imports in 2025, following significant damage to the country’s gas production facilities by Russian missile and drone attacks.

Russia and Iran have reached a preliminary agreement on annual gas supplies of 55 billion cubic metres (bcm), with the pricing yet to be finalised.

Cairn Oil & Gas has partnered with EMGS to perform a 3D CSEM survey in the deepwater Krishna-Godavari (KG) Basin off India’s east coast.

TechnipFMC saw its order backlog increase 17.2% to $15.82bn in the first quarter of 2025, compared with $13.49bn in the same period last year.

Orlen and Naftogaz of Ukraine have signed a new agreement for the supply of an additional 100mcm of natural gas to Ukraine.

Guyana has reported a 3% increase in oil production in March, reaching an average of 631,000bpd, compared to the same period last year.

Eni has confirmed an oil discovery at the Capricornus 1-X well in the Orange basin offshore Namibia.

Valero Energy has announced the impending closure of its Benicia and Wilmington refineries in California.

Ecopetrol has initiated a joint plan to ensure the continuity of its gas projects in the southern Caribbean, following Shell’s decision to withdraw.

The US DOI has announced a policy update that could significantly increase offshore oil production in the Gulf of America.