Kistos has taken ownership of producing Blocks 3 and 4 onshore Oman from Mitsui, marking its entry into the MENA region as its broader $148 million acquisition of three Oman blocks advances. SourceContinue Reading
ExxonMobil will take operatorship of the Papua LNG project as it moves toward FID, with design optimization and EPC rebidding cutting estimated development costs by nearly $4 billion to about $14 billion. SourceContinue Reading
API and Korea Gas Corporation (KOGAS) have signed an MOU to expand technical cooperation on natural gas, hydrogen and low-carbon energy standards, certification and workforce development. SourceContinue Reading
Zion Oil & Gas has completed drilling and casing the horizontal section of its MJ-02 well in Israel, with stimulation and production testing planned as the next phase of operations. SourceContinue Reading
Iran said it targeted three oil tankers and several U.S.-linked vessels in retaliation for American strikes on three Iranian crude tankers, marking a new escalation in the ongoing conflict. SourceContinue Reading
PETRONAS is adding agentic AI capabilities to its myPROdata platform to accelerate analysis of Malaysia’s exploration and production opportunities and support upstream investment decisions. SourceContinue Reading
OPEC+ will keep oil production quotas unchanged in October as the Iran war and Strait of Hormuz disruptions continue to constrain Middle East exports, shifting the group’s focus toward 2027 production limits. SourceContinue Reading
Treasury Secretary Scott Bessent says oil could fall as low as $40/bbl after the Iran war ends, predicting a heavily oversupplied crude market as new production comes online. SourceContinue Reading
Baker Hughes has secured a contract from bp to provide vessel-based well stimulation services across its UK North Sea operations, supporting new well development and enhanced recovery from mature fields. SourceContinue Reading
The UK government is reportedly poised to approve Jackdaw, prompting Aberdeen energy leaders to call for swift action on Rosebank and tax reforms to help restore investment in the North Sea. SourceContinue Reading
