Category: News

Kazakhstan has increased its crude oil and gas condensate production to a record high of 2.12 million barrels per day (bpd) in February.

EnerMech has secured a pre-commissioning contract for the One Guyana FPSO, which is set to arrive in Guyanese waters this year.

Genesis Energy has announced the sale of its soda ash manufacturing and related operations, known as the Alkali Business, to an indirect affiliate of WE Soda.

Libya has launched its first bidding round for oil exploration in over 17 years, aiming to achieve a production target of two million barrels per day (bpd).

OPEC+ has announced its decision to proceed with a planned oil output increase in April, a move that comes after US President Donald Trump renewed pressure on OPEC and Saudi Arabia to reduce prices.

Vaalco Energy has acquired a 70% interest in the CI-705 block, located in the Tano basin offshore Côte d’Ivoire.

China’s liquefied natural gas (LNG) imports have dropped to their lowest level since the onset of Covid-19 in early 2020.

The fracture stimulation of the Yarrow 1 well, situated in the Innamincka Dome project in South Australia, is due to start in the next few days.

Petronas, through Malaysia Petroleum Management (MPM), has agreed to supply more gas to support Sabah Energy’s (SEC) industrial and energy requirements.

Dutch geological data company Fugro has resumed several US hydrocarbon and LNG projects after Donald Trump’s election.