Latest News
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25 Aug 25
US: ONEOK announces Permian-to-Gulf Coast region joint venture natural gas pipeline
ONEOK, WhiteWater, MPLX and Enbridge Inc., through the existing Matterhorn joint venture, have announced a new natural gas pipeline to transport growing natural gas production from the Permian Basin to the Gulf Coast region. -
25 Aug 25
Angola: Seadrill announces contracts in Angola for Sonadrill joint venture
Seadrill has announced Sonadrill, its 50:50 joint venture with an affiliate of Sonangol, has been awarded two contracts, positioning the joint venture for long-term success. -
25 Aug 25
Solstad Offshore announces multiple contract awards
Solstad Offshore has announced contract awards for 'Normand Turmalina' and 'Normand Superior'. The combined value of the two contracts is approx. USD 65 million. -
25 Aug 25
Norway: Equinor drills new oil and gas discovery near the Troll field
Equinor and partners have struck oil and gas in the Fram area, 9 kms north of the Troll field in the North Sea. In total, the resources are estimated at between 0.1 and 1.1 million standard cubic metres. The licensees will consider tying the discovery back to existing or future infrastructure. -
25 Aug 25
Norway: First CO2 volumes stored at Northern Lights
The first CO2 volumes have now been injected and successfully stored in the reservoir 2,600 meters under the seabed. The world’s first third party CO2 transport and storage facility is now in operation, contributing to reducing European greenhouse gas emissions. -
25 Aug 25
Peru's natural gas reserves would be insufficient in 12 years if exploration of new areas is not promoted
PERUPETRO reports that Peru's natural gas reserves, which currently cover domestic demand, would be insufficient within an estimated 12 years if the necessary conditions are not created to boost exploration of new areas with hydrocarbon potential. This situation represents a serious risk to the country's economic and social development. -
25 Aug 25
Norway: OKEA announces oil discovery in the Talisker exploration well at the Brage field
OKEA has announced oil discoveries in the Talisker exploration well at the Brage field (PL 055). The discoveries were made in the Cook and Statfjord formations and are considered commercial with preliminary estimates of gross recoverable resources in the range of 16 – 33 mmboe combined. -
25 Aug 25
XRG Consortium indicative proposal update – process deed extension
Santos has provided a further update regarding the non-binding, indicative proposal from a consortium led by XRG P.J.S.C., a subsidiary of Abu Dhabi National Oil Company, (the XRG Consortium) to acquire 100% of the issued shares in Santos via scheme of arrangement for US$5.761 cash per share. -
25 Aug 25
Indonesia: TGS awarded large streamer contract offshore Indonesia
TGS, a leading provider of energy data and intelligence, has announced the award of a large streamer contract offshore Indonesia, covering approx. 10,000 sq kms. The survey is scheduled to commence in Q4 2025 and will span an estimated total duration of approx. eight months. -
25 Aug 25
Santos reports strong first-half results with Barossa and Pikka on track for start-up
Santos today announced strong half-year results for 2025, comparable with the prior year. Free cash flow from operations remained strong at US$1.1 billion. Sales revenue was US$2.6 billion, EBITDAX was US$1.8 billion and underlying profit was US$508 million. Production volumes were 44.1 mmboe, also comparable with the prior year, and sales volumes were 47.2 mmboe.
