Category: Industry News

Sapura Energy’s drilling arm, Sapura Drilling, has secured multiple contracts valued at approximately MYR3.2bn ($722.5m) for tender assist drilling rig services.

Vermilion Energy has completed the previously announced acquisition of Westbrick Energy for a consideration of C$1.075bn ($746.53m).

Halliburton and Sekal have announced the deployment of what they claim to be the world’s first automated on-bottom drilling system for Equinor in the North Sea.

Gazprom Neft transferred about 5.15% of its shares in Serbian oil and gas company NIS to parent company Gazprom in response to US sanctions.

Malaysia’s state energy firm, Petroliam Nasional (Petronas), has reported a 32% drop in profit after tax for the financial year 2024 (FY24) to MYR55.1bn ($12.47bn) from MYR80.7bn in 2023.

TotalEnergies has announced the commissioning of BioNorrois, its eighth biomethane production unit located in Fontaine-le-Dun of Normandy region, France.

bp has finalised contractual terms with the government of Iraq to invest in the redevelopment of several giant oil fields in Kirkuk.

China National Petroleum Corporation (CNPC) has announced the completion of Shendi Take-1 well, achieving a depth of 10,910m.

Galp has discovered light oil and gas condensate in a fifth well drilled at the Mopane field of the Orange Basin off the coast of Namibia.

Global demand for liquefied natural gas (LNG) is projected to rise by approximately 60% by 2040, primarily fuelled by economic expansion in Asia, according to Shell’s LNG Outlook 2025 report.