U.S. President Donald Trump went into the Iran war convinced that America’s vast oil wealth would insulate the country from the kind of energy shock now battering much of the world. Four weeks into the conflict, that shield is looking fragile…
Vietnam's domestic crude oil production is expected to decline this decade, according to a government document released this week, increasing the country's reliance on imports as its offshore fields mature and geopolitical tensions threaten global supplies…
With the sanctioning of the Gendalo, Gandang, Geng North and Gehem fields, Eni is set to deliver up to 2 bscfd of gas and 90,000 bpd of condensate at plateau. The projects leverage existing infrastructure to accelerate time‑to‑market and strengthen both domestic supply and LNG exports…
Eni has marked a pair of strategic milestones, advancing its gas position offshore Angola while reinforcing its financial flexibility through a new multi-billion-dollar credit facility.In Angola, the company announced first gas from the Quiluma field…
Eni has made two new gas discoveries in Libya as a result of an exploration campaign initiated in the past months.Two adjacent geological structures, Bahr Essalam South 2 (BESS 2) and Bahr Essalam South 3 (BESS 3), were successfully drilled by the B2-16/4 and C1-16/4 wells…
Petronas has confirmed a hydrocarbon discovery at the Barokah-1 exploration well in the North Ketapang Production Sharing Contract (PSC) offshore East Java, Indonesia.The discovery was made by Petronas through its subsidiary Petronas North Ketapang…
Everllence has secured a contract to supply compressor technology for Thailand’s first carbon capture and storage (CCS) project at the Arthit gas field in the Gulf of Thailand.The company will deliver two RB compressor skids that will support…
The International Energy Agency on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spike in global crude prices since the start of the U.S.-Israeli war with Iran, with the U.S. contributing the bulk of the supply…
OneSubsea, a joint venture between SLB, Aker Solutions, and Subsea7, has secured an engineering, procurement and construction (EPC) contract by Thai’s PTT Exploration and Production Public Company Limited (PTTEP) for subsea production systems at a deepwater project offshore Malaysia…
The economic risks of the world’s heavy dependence on oil and gas have been laid bare twice in four years - first with Russia’s invasion of Ukraine and now with the U.S.-Israeli war on Iran - undermining U.S. President Donald Trump’s flagship push to double down on fossil fuels…
Sunda Energy, through its subsidiary SundaGas Banda Unipessoal, has been awarded an environmental license for the drilling of the Chuditch-2 appraisal well offshore Timor-Leste.SundaGas operates the TL-SO-19-16 production sharing contract in the country’s offshore waters…
Oil prices plummeted 7% on Tuesday after soaring to a more than three-year high in the previous session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to oil supplies…
Saudi Arabia's Aramco, the world's top oil exporter, said on Tuesday there would be 'catastrophic consequences' for the world's oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz.Oil shipments have been largely blocked from traversing through the shipping artery…
Valeura Energy has completed an infill drilling campaign at the Manora field in the Gulf of Thailand, bringing three new wells online and increasing oil production from the asset.The campaign was carried out from the Manora A platform on Block G1/48…
Governments scrambled to limit the impact on economies and consumers from the widening Iran war, which fuelled a record surge in oil prices on Monday after key producers cut output and Tehran signalled that hardliners would remain in charge…
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