This agreement formalizes XRG’s inclusion in the Argentina LNG project, focusing on engineering, commercial, and financing activities to develop the Vaca Muerta shale gas and offshore liquefaction vessels, targeting FID in second-half 2026.
Vista Energy increased reserves and production through acquisitions and new wells online in Argentina’s Vaca Muerta basin.
Iraq’s Ministry of Oil announced the full operation of new refineries at 100% production capacity. Officials said the move marks a major shift in producing high-quality refined fuels.
Ukrainian drones hit another Russian refinery owned by Lukoil PJSC, as Kyiv’s attacks on its foe’s energy infrastructure resume after a lull last month.
SLB has secured multiple offshore drilling contracts from UAE-based Mubadala Energy for a deepwater gas development in Indonesia, the company said on Thursday.
Petronas subsidiary PC Oman Ventures has signed a concession agreement with Oman’s Ministry of Energy and Minerals and OQ Exploration and Production Batinah Offshore (OQEP) for offshore exploration Block 18, the companies announced on Thursday.
Senegal is moving to expand its oil and gas sector with a US$100 million onshore exploration campaign, led by the state-owned company Petrosen, following the revocation of licenses from operators who had made little or no progress on their concessions.
Aker BP ASA started oil production from the Solveig Phase 2 development in production license (PL) 359 in the North Sea.
OPEC and its allies (OPEC+) agreed on Sunday, Feb. 1, to keep oil production levels unchanged for March, reaffirming earlier decisions amid heightened geopolitical uncertainty and firmer crude prices.
Essar Oil and Gas Exploration & Production (EOGEPL) is planning to invest $100m (Rs9.15bn) in a new drilling initiative at its Raniganj East coal bed methane (CBM) block in the Indian state of West Bengal, reported the Economic Times.