Saudi Aramco has begun production of light oil (condensate) from its $100 billion Jafurah unconventional gas project, after the company completed Phase 1 construction of the 450-MMcf/D-capacity gas plant. This marks the first export of liquids from the massive field, which is primarily designed to produce natural gas.
Aquaterra Energy wins multi-well offshore Spain intervention and P&A contract
Harbour Energy has completed its $3.2-billion acquisition of LLOG Exploration Company LLC, marking the company’s strategic entry into the U.S. Gulf of America and establishing a new core business unit within its global portfolio.
Venezuela’s crude oil production could increase dramatically as soon as this year, U.S. Energy Secretary Chris Wright said during his visit in the South American country.
The U.S. government issued a general license to allow oilfield-service companies to work in Venezuela as the Trump administration eases sanctions and pushes to rebuild the nation’s crude infrastructure.
Syria expects to award oil and gas exploration licenses to major international oil firms as it looks to tap its estimated huge reserves, the chief executive of the state-owned Syrian Petroleum Company told the Financial Times in remarks published on Wednesday.
TGS has launched a multi-client 2D seismic survey over Angola’s ultra-deepwater acreage, the company announced on Wednesday.
MOL Group is expanding its international upstream portfolio with a new offshore exploration position in Libya, after securing an exploration block in the Mediterranean through a joint venture with Repsol and Türkiye Petrolleri A.O. (TPAO).
Chevron has entered Libya’s upstream sector after winning a block in the country’s 2025 licensing round and signing a co-operation deal with the National Oil Corporation, the company said on Wednesday.
Eni has secured a new offshore exploration licence in Libya as operator of a consortium with QatarEnergy, the company said on Monday.