BP and its partners have signed three production sharing contracts (PSCs) in Indonesia, expanding the company’s upstream portfolio in the country to 11 oil and gas blocks.Two of the contracts cover the Bintuni and Drawa exploration blocks in Papua Barat near BP-operated Tangguh LNG…
Eco (Atlantic) Oil & Gas has signed a definitive agreement to farm down a 37.5% working interest in Block 1 CBK offshore South Africa to Navitas Petroleum after the company exercised an option under a previously announced strategic framework agreement…
BW Energy has made final investment decisions (FID) for the Bourdon development in the Dussafu license offshore Gabon and a new infill drilling campaign in the Golfinho license offshore Brazil, targeting combined 2P reserves of 68 million barrels of oil equivalent…
Indonesia's upstream oil and gas regulator SKK Migas signed eight oil and gas contracts on Wednesday at the Indonesia Petroleum Association conference, with total estimated resources of around 13.8 trillion cubic feet of gas.Here are some details…
Japanese gas explorer Inpex signed a commercial contract on Wednesday with Indonesian state firms Pupuk Indonesia, state utility firm PLN, and gas utility firm PGN to purchase gas from the Abadi LNG project.The deal was signed during the Indonesia Petroleum Association conference…
Woodside Energy will consider matching an offer from Inpex to buy PetroChina’s stake in the Browse gas fields off the coast of Western Australia, CEO Liz Westcott said on Wednesday.Inpex on Friday said it would take PetroChina’s 10.67% stake…
Britain will allow imports of diesel and jet fuel refined abroad from Russian crude under a sanctions carve-out, watering down restrictions to help ensure supply at home as prices soar due to the conflict in the Middle East.While Britain's support for Ukraine remains steadfast…
Eastern Mediterranean-focused gas producer Energean cut its 2026 production forecast and dividend on Wednesday after a 41-day shutdown of its Israeli operations hammered its first-quarter results.The company's power floating production vessel…
Norway's combined oil and gas production exceeded an official forecast by 4.6% in April, the Norwegian Offshore Directorate (NOD) said on Wednesday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies…
Wison New Energies has started topsides fabrication of the floating production unit (FPU) for the Sakarya Gas Field Development Project Phase 3, developed by Turkish Petroleum (TPAO), marking a new milestone for the Black Sea gas development…
Equinor has signed a five-year agreement with the Dutch energy company Eneco for supplies of natural gas from the Norwegian continental shelf, which will be delivered to Eneco’s wholly owned German subsidiary LichtBlick.The agreement runs until the end of 2030 and covers annual volumes of around 2…
Glenfarne Alaska LNG and ConocoPhillips Alaska have signed a gas sales precedent agreement to supply natural gas from Alaska’s North Slope for Phase One of the Alaska LNG project.The 30-year agreement will secure sufficient natural gas volumes…
Oil fell by nearly 2% on Tuesday after U.S. President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in the Middle East.Trump posted on social media on Monday that he was holding off on a planned military attack on Iran scheduled for Tuesday…
Italian energy group Eni is considering deploying a third Floating Liquefied Natural Gas (FLNG) platform offshore Mozambique, a company spokesperson said.Eni took a final investment decision on its second platform, Coral North, in October last year…
JHI Associates had obtained a final court order from the Ontario Superior Court of Justice approving Eco (Atlantic) Oil & Gas' proposed acquisition of the company.The company said the court approval follows unanimous shareholder backing for the transaction at a May 12 meeting…