Nigerian regulators said they expect to formally consent to ExxonMobil’s sale of its oil and gas assets to Seplat Energy Plc within four months, ending a hiatus that has stalled the conclusion of a transaction that was first announced in February 2022. SourceContinue Reading

Gran Tierra Energy has announced a $225 million acquisition of i3 Energy plc through a cash and share deal. The company aims to use this acquisition to enhance shareholder value, optimize capital allocation, and improve trading liquidity. SourceContinue Reading

The U.S. has imposed sanctions on seven liquefied natural gas carriers linked to Russia, including vessels believed to have loaded at its newest export facility in the Arctic region. SourceContinue Reading

BP Berau Ltd. (bp) and Chubu Electric Power have expanded their collaboration to explore a carbon capture and storage (CCS) value chain between Japan’s Port of Nagoya and the Tangguh field in Papua Barat, Indonesia. SourceContinue Reading

Eni has received approval from Indonesian authorities for the development of two major gas fields, Geng North and Gehem, in the Kutei basin. The approval includes a 20-year extension for the Ganal and Rapak licenses. SourceContinue Reading

Haitian-American oil tycoon Emmanuel Fritz Paret, CEO of Paret Mining LLC, has acquired a 10,000-acre oil reserve in Bowling Green, Kentucky. SourceContinue Reading

Senegal’s government set up a commission to examine natural-resource contracts awarded to foreign investors and establish whether they comply with the West African nation’s laws, Prime Minister Ousmane Sonko said. SourceContinue Reading

The well, drilled by the Transocean Norge rig, encountered estimated recoverable volumes between 30 million and 140 million barrels of oil equivalent (MMboe). SourceContinue Reading

Halliburton Co., the world’s biggest provider of fracing services, said it’s alerting customers and other stakeholders after an unauthorized third party gained access to some of its systems. SourceContinue Reading

This move is part of bp’s broader strategy to cut emissions and enhance efficiency through advanced infrastructure, including the development of centralized processing facilities and innovative drilling technologies. SourceContinue Reading