Japex announced a shift in the company’s investment plans to prioritise oil and gas exploration and production investments through 2030.
Tokyo Gas has acquired a 20% stake in FGEN LNG, the owner and operator of an offshore floating LNG terminal in Batangas City, Southern Luzon Island, Republic of the Philippines.
Exxon Mobil is set to enhance natural gas production from its oil-focused operations in Guyana via a large-scale project.
Petroleum refineries firm Aramco has signed agreements to acquire a 25% stake in Unioil Petroleum Philippines, a downstream fuels operator established in 1966.
American exploration company Zion Oil & Gas has announced the resumption of work on the Megiddo-Jezreel (MJ-01) well recompletion project in Israel.
Cue Energy Resources has announced it has completed the West Mereenie 30 (WM30) well, part of the Mereenie gas field in the Northern Territory, Australia.
BP (bp) is contemplating the sale of its Castrol lubricants business, a move that could value the unit at approximately $10bn, reported Bloomberg.
Diamondback Energy has announced a definitive agreement to acquire subsidiaries of Double Eagle IV Midco, marking an expansion in the Midland Basin, US.
Rhino Resources has announced the completion of drilling of the Sagittarius 1-X well at the PEL85 license in the Orange Basin, offshore Namibia, confirming the presence of a hydrocarbon-bearing reservoir.
The global oil and gas industry experienced a 15% quarter-on-quarter decrease in the total number of contracts, says GlobalData.
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