Kenya’s Gulf Energy plans to start oil production from the former Tullow Oil fields in the South Lokichar basin by December 2026, following government approval of its field development plan. The $120 million acquisition marks a major step toward Kenya’s first commercial oil output. SourceContinue Reading
TotalEnergies has signed a production sharing contract with QatarEnergy and Petronas for Block S4 offshore Guyana, becoming operator of the 1,788 km² shallow-water block. The partnership marks TotalEnergies’ entry as an operator in Guyana and supports its strategy to explore low-cost, low-emission resources in a prolific hydrocarbon basin. SourceContinue Reading
Governments across Europe and the Middle East are scrambling to maintain operations at Lukoil’s global oil assets after the U.S. Treasury sanctioned Russia’s number two oil producer and blocked a proposed sale to Gunvor Group. SourceContinue Reading
Glenfarne Alaska LNG and Baker Hughes have signed definitive agreements to advance the Alaska LNG Project, with Baker Hughes providing key compression and power equipment and making a strategic investment in the development. SourceContinue Reading
Ranger Energy Services is set to become the largest well-servicing provider in the Lower 48 with its $90.5 million acquisition of American Well Services, expanding its Permian Basin rig fleet by 25% and boosting earnings and cash flow potential. SourceContinue Reading
ExxonMobil CEO Darren Woods says the company will move “fairly quickly” on the Mozambique Rovuma LNG project once force majeure is lifted, signaling renewed progress. SourceContinue Reading
Lukoil has declared force majeure on oil shipments from Iraq’s West Qurna 2 field following new U.S. sanctions, marking the first major disruption to the Russian producer’s international operations. SourceContinue Reading
TMC Compressors has been awarded a contract by MODEC to supply a marine compressed air system for the Gato do Mato FPSO offshore Brazil, part of the Shell-operated Orca Project, which will produce 120,000 bopd in 2,000 meters of water. SourceContinue Reading
Shell has canceled plans for two offshore wind projects in Scotland, returning its CampionWind lease amid higher costs and a shift in clean energy strategy. SourceContinue Reading
The American Petroleum Institute has released Bulletin 5100, confirming that Ordinary Portland Cement is a safe and reliable barrier material for CCUS wells. The new guidance compiles the latest research supporting its long-term performance in CO₂ injection and storage applications. SourceContinue Reading
