Thailand’s PTTEP has signed an agreement to buy 100% of shares of Hess International Oil Corporation, which holds a 50% participating interest in the offshore natural gas Block A-18 of the Malaysia–Thailand Joint Development Area (MTJDA). SourceContinue Reading
Angola’s upstream regulator the National Oil, Gas & Biofuels Agency (ANPG) is pushing a $60 billion investment drive across its upstream oil and gas industry between 2025 and 2030, led by a series of ambitious E&P projects. SourceContinue Reading
Eni SpA reported profit that beat analyst estimates as proceeds from asset sales and sweeping cost cuts helped counter a weak oil market. SourceContinue Reading
Valeura Energy Inc. has entered into a farm-in agreement with PTT Exploration and Production Plc (PTTEP) to earn a 40% interest in Blocks G1/65 and G3/65, in the offshore Gulf of Thailand. SourceContinue Reading
The Energy Workforce & Technology Council (EWTC) has elected three distinguished leaders to its Advisory Board during the Council’s recent Board Meeting held in Houston, Texas. SourceContinue Reading
IoT Nano is designed to meet growing global demand for cost-effective, low-data, low-power, Internet of Things (IoT) services across remote and challenging environments common in the oil and gas industry where mobile connectivity is required. SourceContinue Reading
Cathedral Holdings Inc. has opened a new 5,000-sq-ft technical lab and office facility in The Woodlands, Texas. The space will serve as the official headquarters for Centrium Energy Solutions, the group’s newly launched oil and gas company. SourceContinue Reading
Shares of TechnipFMC PLC, one of the world’s biggest makers of offshore oil gear, surged to the highest in a decade on signs of a robust outlook that underscores the industry’s optimism over production at sea. SourceContinue Reading
The Trump administration has restored Chevron’s ability to pump oil in Venezuela, according to unnamed sources. Key to the arrangement was an assurance that no royalties or taxes would benefit the government of Venezuela’s socialist leader, Nicolas Maduro. SourceContinue Reading
TotalEnergies has awarded Tenaris a contract to supply casing and tubing and Rig Direct® services for the GranMorgu project, located about 150 km offshore Suriname. With first oil expected in 2028, GranMorgu represents Suriname’s first major offshore development. SourceContinue Reading
