India has started drilling the first appraisal well in the Mahanadi Offshore Basin — a move that will expand the country’s upstream push in the deep-water segment and potentially unlock new oil and gas reserves, according to a petroleum ministry statement July 25.
A new oil refinery being considered for Australia would still require imported oil to run, only partially shielding the country from ongoing global shocks.
State owned Kuwait Petroleum Corporation (KPC) has signed a $16 billion lease-and-lease-back agreement for its oil pipeline network aimed at raising capital for its long-term oil production growth ambitions.
Lebanon has proposed serving as a Mediterranean transit corridor for Iraqi crude oil as both countries explore alternative export routes to reduce Iraq’s dependence on the Strait of Hormuz following disruptions caused by regional conflict
The main terminal for exporting Kazakhstan’s oil resumed loadings after drone attacks on vessels caused an output cut last week, a step that may help to ease one of the market’s major supply worries.
The Pennsylvania Department of Environmental Protection will be developing rules that it says will reduce methane emissions from new and existing oil and gas operations .
Baker Hughes has secured a major order from Venture Global LNG to supply liquefaction technology for the CP2 LNG expansion project in Louisiana, further strengthening the companies’ long-standing partnership in U.S. LNG development.
Eden Tech has launched Genesis, a reverse osmosis desalination system designed to improve water recovery from high-salinity produced water, with the oil and gas industry serving as the technology’s initial commercial market.
Talos Energy has agreed to acquire a 50% working interest in the Repsol-operated Block 29 development offshore Mexico, expanding its deepwater portfolio with an asset containing more than 200 MMboe of estimated gross recoverable resources.
ABL has been awarded a contract by Oil Search (PNG) Ltd., a subsidiary of Santos, to provide marine warranty survey (MWS) services for the installation of Papua New Guinea’s first offshore floating storage and offloading (FSO) facility.