Egypt will boost its contracted purchases of natural gas from Israel’s Leviathan field under a new agreement starting next year, deepening the country’s dependence on imports of the fuel for the long haul. SourceContinue Reading
Danos has acquired Wood’s U.S. onshore labor supply operations, expanding its oil and gas workforce presence in shale regions like the Permian and Eagle Ford. SourceContinue Reading
Russia’s crude exports have declined slightly since 2022, but the destination has shifted dramatically from Europe to Asia, with China and India now the top importers, according to the EIA. SourceContinue Reading
SLB and AIQ are scaling deployment of the ENERGYai agentic AI platform across ADNOC’s upstream operations, with full rollout expected by late 2025 to enhance seismic analysis, modeling, and productivity. SourceContinue Reading
ConocoPhillips is divesting its Anadarko basin assets for $1.3 billion, surpassing its $2 billion divestiture target early as part of a broader portfolio streamlining effort following the Marathon Oil integration. SourceContinue Reading
Occidental has raised $950 million through recent Permian asset sales and repaid $7.5 billion in debt since July 2024, continuing its post-CrownRock strategy to streamline operations and strengthen its balance sheet. SourceContinue Reading
Yinson Production has acquired the $409 million FPSO Atlanta loan from Brava Energia in a $257 million cash deal, reinforcing its ownership position following first oil in December 2024. SourceContinue Reading
Golar LNG has secured a 20-year FLNG charter with Southern Energy S.A. in Argentina, generating $400 million per year plus upside tied to LNG pricing. Delivery of the MK II unit is expected in 2028. SourceContinue Reading
Civitas Resources has sold $435 million in non-core DJ Basin assets and named Wouter van Kempen as interim CEO, aligning its portfolio strategy with leadership changes and a focus on debt reduction and shareholder value. SourceContinue Reading
Gulf Energy Information has announced the finalists for the 2025 Excellence Awards, honoring breakthrough technologies and projects in upstream, midstream and downstream sectors. The black-tie gala will be held Oct. 16 at The Post Oak Hotel in Houston. SourceContinue Reading
