OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production.Brent crude oil prices LCOc1 have been trading near $80 per barrel in recent days…
Bangladesh's Summit LNG has paused operations at its floating storage and regasification unit (FSRU) in Moheshkhali after it was hit by a stray pontoon during a cyclone on May 27, the company said in a statement to Reuters on Friday.'There was damage to the ballast water tank of the FSRU…
Saudi Arabian state-owned oil and gas giant Aramco has competed the acquisition of a 40% equity stake in Gas & Oil Pakistan (GO).GO is a diversified downstream fuels, lubricants and retail store operator in Pakistan with a network of more than 1…
Yinson Production has placed $1.035 billion senior secured notes to refinance the floating, production, storage and offloading (FPSO) vessel Anna Nery, working for Petrobras in the Marlim field, offshore Brazil.The successful pricing of $1.035 billion 144A/Reg S non-recourse…
India’s Oil and Natural Gas Corporation Limited (ONGC), supported by ABL as tow master and marine warranty provider, has moved a record high 45 drilling rigs to new locations ahead of the Indian monsoon season.The 45 rig moves of jack-up rigs…
Santos will supply up to about 400,000 tonnes of liquefied natural gas every year for a decade starting 2027 to Japanese energy firm Hokkaido Gas, Australia's second biggest independent oil and gas producer said on Tuesday.The firms will work…
Canada-based oil and gas company Valeura Energy has started development drilling operations at Nong Yao C extension, having completed the infill drilling campaign at Nong Yao A, offshore Thailand.Valeura has drilled two production-oriented horizontal wells at the Nong Yao A wellhead platform…
China’s state-run China National Offshore Oil Corporation (CNOOC) has through its wholly owned subsidiaries acquired five offshore oil and gas blocks in Mozambique.CNOOC’s subsidiaries have entered into petroleum exploration and production concession…
Doris, Rosen and Spiecapag have joined force to create the Pipeline Transition Alliance, a partnership dedicated to re-purposing natural gas infrastructure to hydrogen service.As part of the alliance, Rosen will be responsible for pipeline inspection…
Indonesia will ask Mubadala Energy to accelerate gas development in Indonesia's South Andaman Block after the United Arab Emirates explorer made a second discovery there, Dwi Soetjipto, chairman of upstream regulator SKK Migas, said on Tuesday…
Indonesia launched its first oil and gas auction this year offering five blocks on Tuesday, while the government pledged to boost exploration in an effort to reverse output declines in a country that was once a net oil exporter.'To meet oil and gas demand…
Saudi oil and gas drilling contractor ADES Holding has signed a contract with Thai national oil and gas company PTTEP for one of its modern jack-up drilling rigs, worth $94 million.The contract, signed on May 14, 2024, is for an 18-month firm term plus a nine-month optional extension…
Cyan Renewables, a portfolio company of Seraya Partners, has entered into a strategic collaboration with Hyundai Asset Management to establish a robust vessel supply with strong local content for South Korea's offshore wind market.Cyan Renewables…
Mubadala Energy has made second consecutive ‘significant’ gas discovery in South Andaman offshore Indonesia at the Tangkulo-1 exploration well, using Seadrill’s West Capella drillship.The Tangkulo-1 exploration well was drilled about 65 kilometres offshore North Sumatra in Indonesia…
Subsea Integration Alliance, a strategic partnership between OneSubsea and Subsea7, has secured a ‘large contract’ from Turkish Petroleum Offshore Technology Center (TP-OTC) relating to the Sakarya field development in the Black Sea, offshore Türkiye…
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