Ammat Global Resources has announced an ambitious growth strategy for exploration and production in the Republic of Congo, aiming to increase the company’s oil and gas output by 70% over the next five years. SourceContinue Reading
ExxonMobil Guyana has started production at Yellowtail, the fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s ONE GUYANA FPSO brings total installed capacity in Guyana to above 900,000 bopd. SourceContinue Reading
Milbank LLP is advising YPF S.A. in connection with its definitive agreement with Total Austral S.A., an affiliate of TotalEnergies, to acquire a 45% interest in Rincón La Ceniza and La Escalonada, two unconventional oil and gas blocks located in Argentina, for $500 million. SourceContinue Reading
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
