Industry News

Petronas and Shell exited the Kebabangan PSC offshore Sabah, leaving the producing asset to co-venturer ConocoPhillips.

'Despite President Trump's intentions, a significant uptick in U.S. oil production is highly unlikely', Rystad noted in a special U.S. policy oil and gas market update sent to Rigzone.

The two companies will 'combine their technology and services to provide end-to-end CCS value chain solutions to select customers'.

Eni said the capacity represents nearly a third of Europe's SAF demand in 2025.

Harbour put its 2025 output guidance at 450,000–475,000 boed, reflecting a full-year contribution from Wintershall Dea assets acquired near the end of 2024 and 'broadly stable production in the UK'.

Analysts at Standard Chartered Bank noted that, in their view, 'the most important current feature of the oil market is positioning'.

U.S. President Donald Trump said he would ask Saudi Arabia and other OPEC nations to 'bring down the cost of oil'.

Argentina is forecast to do even better this year.

Oil prices fell after Trump urged Saudi Arabia and OPEC to reduce crude costs, reviving his tactic of influencing energy markets, with WTI settling below $75.

A return to normality for the Suez Canal would be welcome news for Egypt as it looks to emerge from its worst economic crisis in decades.

Freeport LNG's liquefaction production operations have been taken offline, a Freeport LNG spokesperson told Rigzone Wednesday.

Ovintiv completed the divestment of substantially all its assets in the onshore Uinta Basin to FourPoint Resources.

Analysts predict further growth in Nigeria's output this year.

The executive orders issued by President Trump are poised to have profound implications for both the U.S. and global energy landscapes, analysts at BMI stated.

The financial details of the agreement were not disclosed.

Tamboran and Santos Ltd. signed an agreement to explore the potential of supplying a planned second train at Darwin LNG in Australia's Northern Territory using gas from their EP 161 acreage.

'The Energy Skills Passport website is a tool which will enable workers to easily identify which qualifications ... are needed for specific roles in oil and gas and offshore wind'.

'Block KON 13 is strategically located in the prolific Kwanza Onshore Basin which represents significant exploration potential in both pre-salt and post-salt plays, with estimated prospective resources of 770 to 1,100 million barrels of oil'.

W. Benjamin Moreland has been appointed to Cheniere's Audit and Compensation Committees.

CNOOC set a target of raising its net production to over two million barrels of oil equivalent a day in 2025 while keeping capital expenditure at last year's level.