ADNOC has made a $6.2 billion final investment decision (FID) to develop the Umm Shaif Gas Cap project offshore Abu Dhabi with partners TotalEnergies, Eni and China National Petroleum Corporation (CNPC).The development is expected to produce more than 600 million standard cubic feet per day (scfd) of natural gas and associated gas liquids from 2030, equivalent to almost 10% of the UAE's current daily gas consumption…
Sunda Energy has submitted an application for a new petroleum exploration permit covering an offshore area of New Zealand's Taranaki Basin as the company expands its focus on gas opportunities in the country.The proposed permit covers approximately…
Noble Corporation has secured a contract with unnamed client for its Noble Viking drillship, which will be engaged in drilling operations offshore Brunei.The contract comprises a firm scope of six wells, with an estimated contract value of approximately $136…
Saudi Arabian drilling contractor Arabian Drilling has received approval to resume operations for three offshore drilling rigs that had been temporarily suspended earlier this year, with the units expected to return to work within weeks.The suspensions…
Dolphin Drilling has secured a further extension for its deepwater-capable semi-submersible rig Blackford Dolphin with Oil India, keeping the rig on contract until at least August 28, 2026.The extension will allow completion of drilling, testing…
Israel has launched its fifth competitive process to search for more natural gas in the country's economic waters, Energy Minister Eli Cohen said on Monday, seeking to bolster domestic reserves while increasing exports.Israel's gas needs are served by a number of fields off its Mediterranean coast…
Gastech 2026 will take place in Bangkok, Thailand from September 14-17, 2026, uniting global decision makers and energy leaders to address urgent supply security and system resilience priorities amid mounting geopolitical instability.Positioned…
Italian energy services company Saipem has signed a binding agreement to sell its shallow-water drilling business in Saudi Arabia to ADES Saudi Limited Company for $285 million, as it seeks to focus on deepwater and harsh-environment offshore drilling…
Perenco has signed a gas sales and purchase agreement (GSPA) for the Su Tu Trang Phase 2B development in Block 15-1 offshore Vietnam, marking a key commercial milestone for a project aimed at boosting domestic gas supplies and supporting the country's energy security…
Oil prices rose on Friday as the prospect of a lasting truce between the U.S. and Iran was clouded after peace talks in Switzerland were called off and as Israel stepped up attacks on Lebanon.By 0645 GMT, Brent crude futures LCOc1 gained 51 cents…
Eni and Petronas have officially established Searah, a new 50/50 joint venture combining selected businesses across Indonesia and Malaysia, creating what has been described as Southeast Asia's largest independent integrated energy company.The…
Conrad Asia Energy, via its subsidiary West Natuna Exploration Limited (WNEL), has signed a binding contract with PT Pertamina Drilling Services Indonesia through the PDSI–ADES Consortium for the provision of a jack-up drilling rig to support development of the Mako gas field offshore Indonesia…
Indonesia's upstream oil and gas regulator SKK Migas told a parliamentary hearing on Wednesday that it will aim to lift 612,500 barrels of oil per day (bpd) and 5,469 million standard cubic feet per day (mmscfd) of gas next year.Indonesia's…
BP and its partners have started non-associated gas (NAG) production at the Azeri-Chirag-Gunashli (ACG) field offshore Azerbaijan, marking the first commercial gas production from one of the world's largest oil-producing fields.The initial gas…
Oil prices rose more than 3% on Monday after Iran and the U.S. traded strikes and Israel ordered troops to move further into Lebanon in its battle with Tehran-backed Hezbollah.U.S. crude futures CLc1 rose $2.88 or 3.3% to $90.24 a barrel as of 0701 GMT…
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