ADNOC investment arm XRG has signed an agreement with Occidental and subsidiary 1PointFive to evaluate a joint venture for a direct air capture (DAC) hub in South Texas, the companies announced on Friday.
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has secured approval from the Indonesian government to develop the Anambas block in the Natuna Sea, Reuters reported on Thursday.
Canada’s Stamper Oil & Gas will acquire BISP Exploration for an indirect stake in five offshore Namibian blocks, Stamper said on Wednesday.
Muscat-listed OQ Exploration & Production (OQEP) has signed four contracts worth more than USD 54 million with Omani companies and SMEs to support operations in its concession areas, the company said at the Oman Petroleum & Energy Show 2025.
Chinese fossil fuels output fell in April from the record levels hit in the prior month, although natural gas, crude oil and coal all delivered increases compared to the previous year as the government continues to prioritize security of supply despite weaker prices.
Abu Dhabi National Oil Co. will work with Exxon to boost capacity at the offshore Upper Zakum field, the UAE company said in a statement Friday. The site, where Japan’s Inpex Corp. is also a partner, currently can produce more than 1 million bpd. ADNOC didn’t specify the new target.
Angola has welcomed the Agogo FPSO, a game-changing facility for the country’s oil output and the world’s first such vessel fitted with a post-combustion CCS unit.
The news was announced by the National Oil, Gas and Biofuels Agency (ANPG) on Friday.
Crude oil prices were set for a weekly gain after a string of losses on the news of a trade war ceasefire between the U.S. and China, which sparked hopes the two would come to a mutually beneficial understanding that would end the tariff spat.
Valeura Energy has sanctioned a USD 120-million plan to redevelop the Wassana field offshore Thailand, the company said on Wednesday.
The project will target increased output and extended field life through a new central processing platform, replacing the ageing MOPU facility.
Perenco T&T has discovered “significant” gas reserves at the Onyx field offshore Trinidad and Tobago, the company said on Thursday.
The find was made through successful drilling of a well and sidetrack in the eastern portion of the Onyx field, located in 55 metres of water between the Poui and Teak fields.