Sunda Energy expects to complete its acquisition of producing assets in New Zealand’s Taranaki basin in September while continuing to evaluate development plans for the Chuditch gas project in Timor-Leste following recent regulatory discussions. SourceContinue Reading

NG Energy has spudded the second well in its six-well Sinú-9 drilling campaign as pipeline upgrades move closer to boosting gas takeaway capacity in Colombia. Development also continues at the company’s Maria Conchita block. SourceContinue Reading

TotalEnergies has agreed to sell its minority interest in Malaysia’s Marjoram gas field to INPEX for $350 million, continuing its strategy of optimizing its upstream portfolio while focusing on operated, low-cost gas developments in Southeast Asia. SourceContinue Reading

Oil prices fell for a third consecutive session as crude exports through the Strait of Hormuz continued to recover and indirect U.S.-Iran talks showed signs of progress, easing supply concerns despite ongoing geopolitical tensions. SourceContinue Reading

Eni and Mercuria have agreed to form a joint venture combining their oil, LNG and biofuels trading operations. The Geneva-based company, expected to launch in 2027, will integrate Eni’s energy supply chains with Mercuria’s global trading expertise. SourceContinue Reading

A new Bentley Systems study found that energy and infrastructure organizations are increasing investment in digital twins and artificial intelligence as they seek to improve predictive maintenance, operational resilience and data integration. SourceContinue Reading

More than 500 submissions from over 123 companies worldwide, the largest in program history. Aramco confirmed as Platinum Partner. SourceContinue Reading

Houlihan Lokey has agreed to acquire energy-focused investment bank Intrepid Financial Partners, expanding its oil and gas M&A, capital raising and restructuring advisory capabilities. The transaction is expected to close before the end of September. SourceContinue Reading

Flowserve has completed its $490 million acquisition of Trillium Flow Technologies’ Valves Division, expanding its engineered flow-control portfolio and aftermarket capabilities across global energy and industrial markets. SourceContinue Reading

Oil prices fell after U.S. officials described indirect talks with Iran as positive, raising hopes for reduced tensions around the Strait of Hormuz. At the same time, recovering exports and growing physical crude supplies have intensified concerns about a global oil surplus. SourceContinue Reading