Idemitsu Kosan Co has acquired interests in two oil and gas blocks located off the coast of Sarawak in Malaysia from South Korean SK earthon, and signed production sharing contracts (PSC) for the developments.The acquired interests are for the Block SK427, awarded under Malaysia Bid Round (MBR) 2021, and the Ketapu Cluster, awarded under MBR Plus Round I.Idemitsu acquired 40% stake, and as a result…
The Bureau of Ocean Energy Management announced the publication of a Proposed Notice of Sale (PNOS) for an oil and gas lease sale in the Gulf of America.As directed by Secretary of the Interior and outlined in the PNOS, Lease Sale 262 will offer approximately 15…
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…
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)…
Russia signed an investment agreement with Myanmar on Friday that it said could open up new opportunities for Russian energy companies in the south Asian country.'We especially note the readiness of the Myanmar side to attract Russian companies to the development of offshore oil and gas fields…
Norway's combined oil and gas production lagged an official forecast by 0.5% in May, the Norwegian Offshore Directorate (NOD) said on Friday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies from…
Britain on Thursday published long-awaited environmental guidance which is expected to impact the future development of two vast North Sea oil and gas fields by companies including Shell and Equinor.The guidance sets out how greenhouse gas emissions that would come from the oil and gas being used…
French tubular solutions supplier Vallourec has secured a large contract to supply Oil Country Tubular Goods (OCTG) for drilling operations in Qatar, valued at over $50 million in potential revenue.The agreement includes the supply of carbon steel OCTG products with premium connections…
The BeWild project, led by Fugro, has completed the world’s first fully remote ecology survey at CrossWind’s Hollandse Kust Noord offshore wind farm, marking a significant shift in marine ecosystem monitoring.The innovative approach enables more efficient and less disruptive monitoring…
Australia's second-largest gas producer Santos said on Monday it intended to support an all-cash $18.7 billion takeover bid from an international consortium led by Abu Dhabi's National Oil Company (ADNOC), which wants to grow a global gas business…
Egyptian fertilizer producers were forced to halt operations on Friday due to a drop in natural gas imports from Israel, industry sources told Reuters.They said major Israeli gas fields had suspended operations following Israel's military strikes…
Norwegian oil and gas operator DNO has completed the acquisition of Sval Energi Group from HitecVision, picking up 16 producing fields in Norway and quadrupling its North Sea production to 80,000 barrels of oil equivalent per day (boepd).DNO…
FourPhase, a solids and production performance specialist for the oil and gas industry, has secured a master service agreement (MSA) with Shell Trinidad and Tobago, for work on its topside offshore oil and gas platforms in the Caribbean.The MSA involves sand management and production optimization…
U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to 105…
BlueNord, the partner in the Tyra II project along with TotalEnergies and Nordsøfonden, has informed that the completion test at the Tyra II gas project in the North Sea has been successfully met.Based on demonstrated achieved production, and oil production above expectations…
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