Oil & gas news

If current trends persist, future energy demand will outpace demand expectations in many scenarios, positioning natural gas as the most scalable and responsive solution to meet growing power needs and stabilise grids.

McDermott has been awarded a large offshore subsea contract by PTTEP Sabah Oil Ltd (PTTEP) for the Block H gas field expansion project, located offshore Sabah, in East Malaysia covering the Alum, Bemban and Permai deepwater fields.

TotalEnergies and KOGAS, South Korea’s national natural gas company, announce the signing of a Heads of Agreement (HoA) for the annual delivery in South Korea of 1 million tpy of LNG over a 10-year period starting from the end of 2027.

ConocoPhillips has announced it has signed a long-term sales and purchase agreement (SPA) to lift 1 million tpy of LNG from the Rio Grande LNG project under development by NextDecade Corp., near Brownsville, Texas.

The project is located in the western Pearl River Mouth Basin, with an average water depth of approximately 150 m.

Maurel & Prom is pleased to announce the signing of Heads of Terms with Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG) for the Risk Service Contract (RSC) covering offshore Block 3/24.

The 5300 km3 multi-client 3D seismic survey will be acquired by TGS and imaged by Viridien and builds on Viridien’s existing Megabar survey coverage.

Subsea7 has announced the award of a major contract by Turkish Petroleum Offshore Technology Center (TP-OTC). The project was awarded for the development of phase 3 of the Sakarya field development in the Black Sea, offshore Türkiye.

CNOOC Ltd has announced its 2025 interim results.

Egypt has entered into four oil and gas exploration agreements with international companies valued at more than $340 million (E£16.52 billion), aiming to bolster domestic production in the face of growing energy demand.