Category: News

The US Department of Energy (DoE) has issued its final authorisation for Commonwealth LNG to export up to 1.21 billion cubic feet per day (bcf/d) of natural gas in liquefied form to countries without free trade agreements.

Wood Group has accepted a £216m ($291.5m) conditional takeover bid from Dubai-based Sidara, concluding a year-long pursuit that involved several offers.

Egypt has entered into four agreements for oil and gas exploration valued at over $340m with international firms, aiming to bolster domestic production in the face of growing energy demands.

Amber Energy, an affiliate of Elliott Investment Management, has been recommended as the preferred bidder with a $5.89bn offer in the US court-organised auction of shares in Citgo Petroleum’s parent company.

Gazprom, the state-owned Russian company, has reported a nearly 6% decline in net profit year-on-year for the first half of 2025 to Rbs983.1bn ($12.2bn).

PXGEO has secured a contract to provide offshore seismic data acquisition services, marking its inaugural contract in Malaysia.

Seatrium has won a contract to upgrade the FLNG Hilli Episeyo, a floating liquefied natural gas (FLNG) vessel owned by Golar Hilli.

Oceaneering International’s Brazilian subsidiary, Marine Production Systems, has won subsea robotics contracts by Petróleo Brasileiro.

CTCI has secured a $968m contract from CPC to build a regasification facility at Kaohsiung intercontinental LNG receiving terminal.

ADNOC has completed an institutional placement, raising $317m by offering a 3% stake in its logistics and services unit.