Tellurian Inc. and Aethon Energy Management LLC announced an agreement for Aethon to acquire Tellurian’s integrated upstream assets for $260 million, alongside a Heads of Agreement for Aethon to purchase 2 MMtpa of liquified natural gas from Tellurian’s Driftwood LNG plant. SourceContinue Reading

MODEC, Inc. plans to open a new office in Kuala Lumpur, Malaysia, with more than 200 new positions in engineering and other corporate support functions to fill by early 2025. SourceContinue Reading

Weatherford will offer its Accuview downhole monitoring solutions with the AlphaVTM next-generation whipstock system. Notably, in 2023, Weatherford successfully introduced AlphaVTM, enabled by the Accuview platform in the North Sea for Equinor. SourceContinue Reading

Libyan Oil Minister Cleared of Smuggling, Mismanagement Allegations | OilPrice.com Josh Owens Josh Owens is the Content Director at Oilprice.com. An International Relations and Politics graduate from the University of Edinburgh, Josh specialized in Middle East and… More Info Related News By Josh Owens – May 29, 2024, 12:30 PM CDT Libyan Oil and Gas...Continue Reading

The Islamabad-based company is targeting oil production of about 50,000 bpd in the next four or five years, from 33,000 bpd currently, Chief Executive Officer Ahmed Hayat Lak said in an interview. The goal is for natural gas production to climb above 900 MMcfd from 720 MMcfd. SourceContinue Reading

Are Community Energy Projects More Than Just a Pipe Dream? | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – May 29, 2024, 12:00 PM CDT Scotland’s community...Continue Reading

Iran to Launch $4.6 Billion Worth of Oil Projects | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 29, 2024, 11:30 AM CDT Iran will soon launch 32 oil industry projects worth a total investment of $4.6 billion, Iranian Petroleum Minister Jawad Owji said on...Continue Reading

Ukraine’s Drones Are Hammering Russian Oil Refineries | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – May 29, 2024, 11:00 AM CDT Ukrainian drone strikes have repeatedly...Continue Reading

Norway Holds Firm on Oil Drilling Ban in Protected Region | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – May 29, 2024, 10:30 AM CDT Norway will keep the Nordland county area of the stunning Lofoten and Vesterålen islands off limits...Continue Reading

The True Cost of Abandoning the Gold Standard | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – May 29, 2024, 10:00 AM CDT Returning to the gold standard would limit the issuance of new currency. There are geopolitical reasons why the US abandoned...Continue Reading