Eni has confirmed it was awarded a 100% participating interest in Indonesia's deepwater Sapukala exploration block, adding acreage adjacent to its existing portfolio and the future North Hub developments in the Kutei Basin.The award, previously…
Fugro has secured two additional survey contracts from Timor-Leste's Ministry of Petroleum and Mineral Resources for proposed pipeline routes supporting the Greater Sunrise TLNG development and Bayu-Undan Pipeline Highway projects.The awards…
Subsea7 has secured a contract extension worth between $50 million and $150 million from Turkish Petroleum Offshore Technology Center (TP-OTC) for additional work on the Sakarya Phase 3 gas development offshore Türkiye.The additional scope covers…
Southeast Asia is developing more than 100 gigawatts of gas-fired power generating capacity and 70 million tons per annum of LNG import capacity, despite growing supply risks highlighted by the ongoing war in the Middle East, data from US think tank Global Energy Monitor showed on Thursday…
Saudi oil giant Aramco plans to reorganise its business to create a new gas division with an eye on possible listings of business units in the future to raise cash, two sources with knowledge of the matter told Reuters.The move is in line with…
South Korea aims to reduce its reliance on crude oil from the Middle East to 50% by 2035, as Asia's fourth-biggest economy seeks to diversify energy supplies following the disruption caused by the Iran war, the Industry Ministry said on Wednesday…
Iran has restored about 50% of damaged production capacity at the South Pars gas field, Deputy Oil Minister Ahmad Zeraatkar was reported as saying on Wednesday by the semi-official Fars news agency, adding that all planned restoration work would be completed before winter…
Oil prices fell to a two-week low on Tuesday as prospects for Gulf supplies improved, with Iran signaling it could reopen the Strait of Hormuz within seven days and Saudi Arabia set to resume exports from its Red Sea port of Yanbu.The Brent crude futures LCOc1 November contract was down $2…
Oil and Natural Gas Corporation (ONGC) has struck gas at a deepwater exploration well in India's Mahanadi Offshore Basin, with the well flowing gas at encouraging rates and reservoir pressure.The MN-DW18-1-H-D well, about 43 km off Konark on the Odisha coast…
Thai’s state oil firm PTTEP and Valeura Energy have taken a final investment decision on the first phase of the Bussabong gas development in the Gulf of Thailand, targeting first production around the end of 2028 from a 25-well development.Bussabong lies in the eastern part of Block G3/65…
QatarEnergy expects the first train of its North Field East (NFE) liquefied natural gas expansion project to start production in the first half of 2027, but additional trains will depend on the Strait of Hormuz crisis.Disruptions caused by the…
Vard has delivered Dong Fang Offshore's first newbuild, the Orient Inspirer service operation vessel (SOV), two months ahead of schedule, while the company has approved an order for another vessel from the Norwegian shipbuilder valued at up to $86 million…
A new shuttling system is reshaping the Middle East oil market, as producers seek to keep exports flowing despite the escalating regional conflict. The question now is whether this complex, expensive process is a stopgap measure or the global energy market’s new normal…
A total of 17 commodity vessels transited the Strait of Hormuz on the weekend, down from 37 a week earlier, shipping data showed on Monday, as tension in the Gulf persisted with the US and Iran in stalemate.Visible traffic through the strait…
Oil prices fell 2% on Friday, extending losses for a third straight session as easing concerns over Saudi supply disruptions outweighed anxiety about a widening of conflict across the Middle East.Brent crude futures LCOc1 fell by $2.14, or 2%…