Ghana is taking steps to buy Lukoil PJSCS stake in an offshore oil block to gain greater control over future output in the country, according to people familiar with the matter. The West African nation is considering using its pre-emptive rights to acquire the sanctions-hit Russian company’s 38% stake in the Deepwater Tano Cape Three […]
The Trump administration announced Monday it would loan out 53.3 million barrels of oil from the country’s Strategic Petroleum Reserve to energy companies – an attempt to bring down skyrocketing oil prices as a result of the U.S. war with Iran.
The Exxon Mobil Corp-led PNG LNG joint venture on Tuesday announced a final investment decision (FID) to proceed with a tie-in project to unlock more feed gas for the liquefaction facility in Papua New Guinea
Petroliam Nasional Bhd (Petronas) and MISC Bhd signed a 20-year time charter agreement for five liquefied natural gas (LNG) tankers.
The U.S. Energy Information Administration will begin publishing new quarterly energy security datasets on May 13 covering global strategic petroleum reserves and shipping flows through key oil and LNG chokepoints, as ongoing disruption in the Strait of Hormuz continues to reshape global energy markets.
MODS has renewed its digital project delivery agreement with CB&I Asset Solutions, extending a partnership that has supported offshore project execution across UK Continental Shelf (UKCS) assets for more than six years.
Commercial shipping traffic through the Strait of Hormuz remained severely restricted Tuesday as an Iraqi crude supertanker reversed course near the U.S. naval blockade line, underscoring mounting risks for oil and LNG flows through one of the world’s most critical energy chokepoints.
Ned Marine has expanded its non-destructive testing (NDT) capabilities with the launch of drone and subsea remotely operated vehicle (ROV) inspection services aimed at offshore, marine and industrial assets.
OEG has secured a multi-million-dollar contract extension to continue supporting offshore drilling operations in Australia’s Bass Strait through the expected end of field life in 2036.
TotalEnergies, QatarEnergy and ConocoPhillips have signed an MoU with the Syrian Petroleum Company to assess exploration opportunities in Block 3 offshore Syria, the companies announced on Tuesday.