Category: Industry News

Oman is reportedly exploring the sale of a stake in its natural gas assets, with an estimated value of around $8bn.

Petrobras has discovered “excellent quality, contaminant-free oil” in the pre-salt layer of Brazil’s Santos Basin.

Mosman Oil and Gas has announced a maiden estimate of helium and hydrocarbon resources at the Sagebrush Project in Colorado, US, indicating substantial volumes of both gases.

WhiteHawk has signed a definitive agreement to acquire PHX Minerals in an all-cash transaction, expanding its natural gas assets.

Officials from the US and Russia have reportedly engaged in talks to potentially restore Russian gas flows to Europe

Pemex, Mexico’s state energy company, is taking steps to reopen old wells to increase oil production, which has been in decline.

Citigroup is set to face a revived lawsuit alleging its role in a fraud at the now-bankrupt Mexican oil and gas services company Oceanografia, which led to over $1bn in losses.

BKV, in partnership with CIP, has established a carbon capture JV investment, aimed at advancing CCUS projects across the US.

Romania’s OMV Petrom has signed a pivotal gas supply agreement with Moldova, ensuring a quarter of the latter’s annual gas requirements