Vedanta Oil and Gas Ltd. will invest $5 billion to expand production by more than five times, underscoring India’s push to curb reliance on energy imports.
Glenfarne has secured a USD 500-million investment for its Texas LNG export project in the Port of Brownsville, Texas, from funds and accounts managed by HPS Investment Partners, Glenfarne announced on Monday.
ARC Resources shareholders have overwhelmingly approved the company’s previously announced acquisition by Shell, moving the transaction one step closer to completion as the companies continue securing the remaining regulatory approvals.
Oil prices remained elevated Tuesday after President Donald Trump abandoned plans to impose a 20% transit fee on cargo moving through the Strait of Hormuz, while the U.S. intensified pressure on Iran by resuming its shipping blockade and launching a new round of military strikes.
Buccaneer Energy reported continued production growth at its Pine Mills field in East Texas, where average net production has increased to approximately 135 bopd as the company advances enhanced recovery projects and prepares to launch a waterflood later this year.
DeepOcean has completed subsea decommissioning work at Spirit Energy’s Seven Seas and Grove West fields in the southern UK North Sea, including recovery of a wellhead protection structure and disconnection of subsea infrastructure using proprietary tooling developed in-house.
The European Union’s executive arm wants to adopt recommendations next week delaying penalties on energy imports that fail to comply with the bloc’s controversial methane emissions regulation.
A coalition of UK energy producers, manufacturers, trade unions and industrial organizations has urged Labour MPs to support continued North Sea oil and gas development, arguing domestic production remains essential to the country’s energy security, industrial competitiveness and long-term economic growth.
ExxonMobil is advancing a dual-track upstream strategy in Angola focused on extending production from mature offshore assets while expanding exploration in frontier basins, underscoring the company’s long-term commitment to one of Africa’s largest oil-producing nations.
Helder Machado, Angola deputy general manager at TechnipFMC, talks to The Energy Year about the importance of Angola as a hub for delivering projects across Africa and beyond, and the cost and efficiency benefits enabled by the company’s integrated EPCI platform.