The U.S. Energy Information Administration’s (EIA) recent forecast states that two new oil developments in Alaska — the Nuna and Pikka projects — are expected to boost crude oil production in the state after decades of decline. SourceContinue Reading

OLT Offshore LNG Toscana has announced that its floating regasification terminal “FSRU Toscana” will be in operation until the end of 2044, following a successful extension of the useful life of the Terminal in 2024. SourceContinue Reading

Malaysia’s Petronas is evaluating a sale of its shale oil asset in Argentina, a move that would complete its exit from the country’s booming Vaca Muerta fields as several international drillers also look to divest from the region. SourceContinue Reading

STRYDE has announced the first sale of its Mini Seismic System in Latin America to Colombian company Energy Geophysical Services SAS (EGS). EGS previously deployed STRYDE’s seismic technology across its oil and gas exploration surveys in 2024. SourceContinue Reading

Equatorial Guinea has relaunched its open-door licensing process for 2025, setting the stage for a major licensing round and marking a strategic shift toward prioritizing licensing and exploration, with a strong focus on regulatory competitiveness, tax incentives and data transparency. SourceContinue Reading

The American Petroleum Institute today joined over 100 other trade groups representing a wide range of stakeholders in sending a letter to House and Senate leadership welcoming U.S. Congress’ efforts to protect consumers and reverse California’s harmful vehicle mandates. SourceContinue Reading

MOL has discovered a new oil field near Somogysámson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. According to the results, the well has potential to produce 1,200 bpd.  SourceContinue Reading

The U.S. Department of the Interior Office of the Inspector General has released an audit report showing the Railroad Commission of Texas successfully used federal grant funding for orphaned well plugging and complied with all related laws and regulations. SourceContinue Reading

Cheniere Energy reached substantial completion of Train 1 at the Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3) on March 16, 2025. CCL Stage 3 consists of seven midscale trains, with an expected total production capacity of over 10 MMtpa of LNG. SourceContinue Reading

Azerbaijan is set to sign agreements to explore for natural gas in Israeli waters, highlighting a key strategic alliance between the two countries amid turbulence in the region. A consortium of Azeri state company Socar, bp Plc and Israel’s NewMed Energy LP will get the right to explore in one offshore block. SourceContinue Reading