Phase 1 of the Monkey Island LNG facility includes three LNG trains with a capacity of 5.2 million metric tons per annum (MMtpa) each and a combined production of 15.6 MMtpa. Expansion plans include two additional LNG trains, projected to bring total capacity to 26 MMtpa.
Diversified Energy Company Plc will acquire Canvas Energy in a $550 million deal that significantly expands the company’s producing assets and acreage positions in Oklahoma. Approximately 23 high-quality producing wells are included in the acquisition.
The legislative package Newsom is proposing would see California demand stricter testing for restarting inactive intrastate oil pipelines, according to people familiar with the negotiations, who asked not to be identified discussing private deliberations.
The new licenses are intended to boost Angola’s oil production and maintain output above 1 million bopd beyond 2026. Azevedo stated that the round marks the final phase of a licensing strategy initiated in 2019 to award 50 concessions and counteract declines in oil productivity due to falling yields in mature wells.
Goldman Sachs expects the global oil market to swing into a surplus of 1.9 million barrels daily next year as a result of OPEC+’s output cut unwinding and producers in North and South America also ramping up production.
The EU is weighing options to impose fresh sanctions on Russia’s oil industry and exports by sanctioning major energy firms and erecting more barriers to Russian oil trade, sources with knowledge of the plans told Bloomberg on Monday.
The drilling campaign will target five wells at depths between 300 and 1,500 metres and is scheduled to begin in 2026. Any resulting production will be routed to BP’s existing infrastructure in the West Nile Delta.
The U.S. added one rig and Canada added six rigs week on week, taking the total North America rig count up to 718, comprising 537 rigs from the U.S. and 181 rigs from Canada, the count outlined.
Kongsberg Digital has entered a strategic partnership with Petroleum Development Oman (PDO) to deliver an enterprise AI-powered digital twin. The agreement marks a significant step in driving value creation through close collaboration and industrial intelligence.
Petrodec’s newly constructed heavy lift jackup vessel, named “Obana,” has begun decommissioning work in the Southern North Sea for Perenco UK (PUK)’s Galahad platform. Obana is initially being deployed on Block 48/12a working on the Galahad platform, where the program includes topside and jacket removal. After Galahad, Obana will move to the Amethyst field for […]