Italy’s Eni is poised to reach next month a final investment decision to develop two offshore gas fields in Indonesia, the head of the Southeast Asian country’s upstream regulator said on Tuesday
The surge in Russian crude sales in China and the simultaneous drop in Indian demand for Russia’s oil have prompted Moscow to turn to using a larger fleet of supertankers—vessels capable of carrying 2 million barrels of crude.
Kosmos Energy Ltd signed a deal to divest its 40.375 percent non-operating stake in the Ceiba field and the Okume Complex offshore Equatorial Guinea to partner Panoro Energy ASA for up to $219.5 million, the companies said Tuesday
Technip Energies has secured a contract from Mozambique Rovuma Venture (MRV) to advance the Coral Norte floating liquefied natural gas (FLNG) project offshore Mozambique, marking progress on the country’s second floating LNG development.
Murphy Oil has plugged and abandoned its Caracal-1X exploration well offshore Côte d’Ivoire after the well encountered hydrocarbon shows, but failed to establish commercial volumes.
Vaalco Energy reported initial production of approximately 2,000 bopd from a new development well offshore Gabon and confirmed operatorship of a potentially material offshore project in Côte d’Ivoire.
Nigeria will launch exports of a new crude grade in March as OPEC’s biggest African oil producer looks to boost output and exports and seek a higher baseline in the OPEC+ agreements.
UK-based oil and gas company Tullow Oil has signed a sale and purchase agreement with TEN Ghana to acquire the Prof. John Evans Atta Mills FPSO for a gross consideration of $205 million.
Infinity Natural Resources has increased its ownership in the $1.2-billion Antero Ohio Utica Shale acquisition to 60%, funded in part by a $350-million strategic equity investment from Quantum Capital Group and Carnelian Energy Capital.
The risk of global oil oversupply is diminishing thanks to demand resilience, Diamondback Energy said in a letter to shareholders authored by the company’s chief executive ahead of the company’s fourth-quarter 2025 financial report, due out later today.