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Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

May 15, 2025

The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has secured approval for its development of the Anambas block in Indonesia, where it aims to acquire more projects, officials said on Thursday.KUFPEC will invest about $1.54 billion to develop the Anambas block to produce 55 million standard cubic feet a year with an estimated 185 billion cubic feet of total gas sales, upstream oil and gas regulator SKK Migas said…

Prio Aims to Double Oil Output in 2026

Jun 23, 2025

Brazilian oil company Prio expects to double its daily output next year when compared with 2024 levels, driven by the development of some key offshore fields, CEO Roberto Monteiro said on Monday.Prio forecasts production to exceed 200,000 barrels per day (bpd) next year…

TenneT Installs Giant HVDC Offshore Wind Converter Platform in North Sea

Jun 10, 2025

The DolWin epsilon HVDC offshore wind converter platform, part of German transmission system operator (TSO) TenneT’s grid expansion project, has been installed in the North Sea.The installation of DolWin epsilon HVDC platform at DolWin cluster…

World Energy: Tariffs Reshape the Future

May 27, 2025

A new report from Wood Mackenzie, 'Trading cases: Tariff scenarios for taxing times', presents three futures for the global energy landscape, highlighting the far-reaching implications of ongoing trade tensions for the energy and natural resources sectors…

Strategic Move Brings Decom Engineering's Base to Aberdeen

May 16, 2025

Northern Ireland firm Decom Engineering has relocated its head office to Aberdeen to be closer to key clients and for easier access to the skills market.The specialist cutting technology provider supports the oil, gas, renewables and infrastructure…

Equinor Drills Two North Sea Wells Fit for CO2 Injection and Storage

May 14, 2025

Equinor Low Carbon Solutions (Equinor) has drilled two appraisal wells in the North Sea which indicate that the reservoir is suitable for injection and storage of carbon dioxide (CO2).The wells, 32/7-1 and 32/4-4, were drilled in the North Sea about 20 kilometers east of the Troll A platform…

ADNOC Drilling Marks Profit Rise Driven by Strong Oilfield Services

May 08, 2025

ADNOC Drilling, the subsidiary of Abu Dhabi's state oil giant, reported a 24% rise in first-quarter profit on Thursday, driven by strong growth in its oilfield services segment.ADNOC Drilling's net profit rose to $341 million in the quarter ended March…

Shell Reports 28% Profit Drop

May 02, 2025

Shell on Friday reported a 28% drop in first-quarter net profit to $5.58 billion, beating analyst expectations, and kept the pace of its share buyback programme steady amid falling oil prices and lower refining margins than last year.It said it would buy back $3…

Eni Reports Smaller Profit Drop Than Expected

Apr 24, 2025

Italian energy group Eni on Thursday reported a smaller than expected 11% yearly drop in adjusted net profit for the first quarter.Adjusted net profit came in at 1.41 billion euros ($1.60 billion) between January and March, down from 1.58 billion euros in the first quarter of 2024…

Saipem First-Quarter Profit Jumps 31%

Apr 23, 2025

Italian energy contractor Saipem said on Wednesday its first-quarter core earnings jumped 31% year on year driven by the group's offshore engineering and construction activities.Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 351 million euros ($398…

Woodside Assessing US Tariffs Impact on $1.2B Louisiana LNG Project

Apr 23, 2025

Woodside Energy, Australia’s top gas producer, said on Wednesday it was assessing the impact of U.S. tariffs and other trade measures on its Louisiana liquefied natural gas plant project as it inches towards a final go-ahead.Woodside acquired the project…

Woodside's First-Quarter Revenue Beats Expectations

Apr 22, 2025

Shares of Australia's Woodside Energy were up nearly 4% on Wednesday after the gas producer posted first-quarter revenue above estimates.Perth-based Woodside reported revenue of $3.32 billion for the quarter ended March 31, beating a Visible Alpha consensus estimate of $2…

Chevron Starts Production at Ballymore Subsea Tieback Project in Gulf of America

Apr 21, 2025

Chevron has started oil and natural gas production from the Ballymore subsea tieback project in the deepwater Gulf of America.Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the company’s goal to produce 300…

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

Apr 21, 2025

China's privately controlled ENN Natural Gas and state-run Zhenhua Oil have each signed a term deal to buy liquefied natural gas from Abu Dhabi National Oil Company (ADNOC).ENN Natural Gas said on its official WeChat account on Saturday that…

Kuwait Launches Merger of State Oil Firms KNPC and KIPIC

Apr 15, 2025

Kuwait has begun taking executive steps to merge two of its state-owned oil firms, news agency Kuna reported on Tuesday, as the OPEC producer seeks to restructure its energy industry.Kuwait National Petroleum Company (KNPC) plans to acquire Kuwait Integrated Petroleum Industries Company (KIPIC)…

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