Oil And Gas News


Petrovietnam, Partners Sign PSC for Block Off Vietnam

Jun 25, 2025

Vietnam National Industry - Energy Group (Petrovietnam) and its joint venture partners officially signed the Product Sharing Contract (PSC) for Block 15-1 in the southern continental shelf of Vietnam.Block 15-1 is one of the oil and gas blocks…

Egypt's EGAS Awards Offshore Blocks to International Companies

Jun 25, 2025

Egypt's EGAS has awarded four blocks in the Mediterranean, one in the Nile delta, and one in North Sinai to international companies, according to a petroleum ministry statement on Wednesday.Companies will invest $ 245 million to drill at least 13 new exploratory wells during the exploration period…

Israel's Leviathan Gas Field to Resume Production in Next Few Hours

Jun 25, 2025

Israel's NewMed said on Wednesday the Leviathan natural gas field that supplies gas to Egypt and Jordan, shut down nearly two weeks ago due to the Iran-Israel conflict, would resume operations in the next few hours.Two of Israel's three gas…

Energean Set to Put FPSO at Karish Field Back Into Production

Jun 25, 2025

Energean has received notice from the Israeli Ministry of Energy and Infrastructure, instructing the safe restart and resumption of production and operations at its Energean Power floating production, storage and offloading (FPSO) unit.Energean…

Aker BP Bites Dust in Norwegian Sea

Jun 25, 2025

Aker BP and its partners have drilled a dry well on the Rondeslottet prospect in the Norwegian Sea.Wildcat well 6405/7-4 was drilled in production license 1005, which was included in the Awards in Predefined Areas (APA) 2018, with awards taking place in March 2019…

Woodside Wraps Up Louisiana LNG Stake Sale to Stonepeak

Jun 25, 2025

Woodside has completed the sell-down of a 40% interest in Louisiana LNG Infrastructure to Stonepeak, a global investment firm specializing in infrastructure and real assets.The completion follows Woodside’s announcement on 7 April 2025 that it had signed an agreement with Stonepeak…

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Jun 25, 2025

China has begun construction of a new structure in waters between China and Japan in the disputed East China Sea, the Japanese foreign ministry said on Tuesday, adding it has lodged a protest with China.The ministry said in a statement 'it is…

Oil and Gas to Wind Cross-Skill Pilot Delivers First Batch of Qualified Technicians

Jun 24, 2025

Delivering an integrated technician workforce for a just energy transition between oil and gas to wind has moved a step closer as 15 technicians complete the pilot program developed by the Engineering Construction Industry Training Board (ECITB)…

Aker BP Installs New Jacket at Valhall Field in Southern North Sea (Video)

Jun 24, 2025

Norwegian oil and gas company Aker BP has completed the installation of a jacket for a new production platform at the Valhall field in the Southern North Sea.The Valhall production and wellhead platform (PWP) jacket has been installed with the…

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Jun 24, 2025

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has signed production and exploration contract with Ministry of Energy of the Republic of Kazakhstan and state-owned operator KazMunayGas (KMG) for Zhylyoi Subsoil Area…

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Jun 24, 2025

Thai state-owned oil and gas giant PTT Group signed an agreement to procure 2 million metric tons of liquefied natural gas per annum from Glenfarne's Alaska LNG project over a 20-year term, Glenfarne said late on Monday.PTT said it was further…

OEG Strengthens Oil and Gas Services Offering in Qatar

Jun 24, 2025

Energy solutions company OEG has finalized an evergreen agreement with Al Nasr Holding Co., to enhance support for the oil and gas, petrochemical, and industrial sectors in Qatar.The agreement further reinforces the company's strategic partnership with Venture Gulf Engineering (VGE)…

Petronas, Japan’s JOGMEC Sign Strategic LNG Agreement

Jun 24, 2025

Malaysia’s state-owned energy giant Petronas, through its subsidiary Petronas LNG, and Japan Organization for Metals and Energy Security (JOGMEC) have signed a memorandum of cooperation (MoC) to expand the collaboration framework in the liquefied natural gas (LNG) sector…

Iran’s Top Security Body to Weigh In on Strait of Hormuz Closure

Jun 23, 2025

Iran's Supreme National Security Council must make the final decision on whether to close the Strait of Hormuz following U.S. bombing raids, Iran's Press TV said on Sunday, after parliament was reported to have backed the measure.Iran has long used the threat of closing the Strait…

Gimi FLNG Enters Commercial Ops at BP’s GTA Project off Western Africa

Jun 23, 2025

Golar LNG’s floating liquefied natural gas (FLNG) unit Gimi has reached the Commercial Operations Date (COD) for its 20-year lease and operate agreement for the BP-operated Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal…

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