bp has signed three production sharing contracts (PSCs) in Indonesia, expanding its upstream exploration portfolio near the company’s existing Tangguh LNG operations in Papua Barat and adding participation in a new East Java block.
ADNOC and SNF have signed an agreement to evaluate expanded enhanced oil recovery (EOR) activity in the UAE, including potential local manufacturing of EOR chemicals and additional polymer flooding applications.
BW Energy has approved offshore development projects in Gabon and Brazil that are expected to increase company production above 100,000 bopd by 2028.
Venezuela is making a fresh pitch to foreign oil companies: this time, if things go sideways, you may not have to fight it out in Caracas.
Europe’s post-Russian energy system is increasingly being built around Norwegian gas.
Abu Dhabi National Oil Co PJSC (ADNOC) has signed agreements with state-owned Indian Strategic Petroleum Reserves Ltd (ISPRL) and Indian Oil Corp Ltd (IOCL) to support Indian energy security and pursue energy trading collaboration.
OMV AG has begun production at what it says is Austria’s biggest natural gas discovery over the past 40 years, which the company expects will double its output at home when the development reaches capacity.
Some 23 tankers have been spotted around Iran’s principal oil-export hub, the largest cluster to have gathered at the island since the U.S. Navy began a blockade on the country’s ports a month ago, interdicting and seizing ships.
The U.S. Treasury Department has sanctioned 19 vessels and a network of shipping, financial and trading entities tied to Iranian oil, LPG and petrochemical exports, marking a significant escalation in Washington’s campaign to restrict Tehran’s energy revenues amid ongoing conflict in the Middle East.
Kimbell Royalty Partners has agreed to acquire Permian basin mineral and royalty interests from Mesa Royalties in a transaction valued at approximately $147 million, expanding the company’s exposure across the Delaware and Midland basins.