Oil & gas news

The Indonesian branch of Malaysian national oil company Petronas has awarded energy and marine consultancy ABL a contract to provide rig inspection services to its assets operating offshore Indonesia.

The agreement adds to the recently announced gas sales contract with VNG.

The company has awarded contracts worth more than US$25 billion to progress its strategic gas expansion, which targets sales gas production growth of more than 60% by 2030, compared to 2021 levels.

The company has provided an update on operations and commercial developments from its eight concessions (six operated) in the western desert oil producing region of Egypt for the first half of 2024.

This is the second well to be drilled in production licence 1170, which was awarded in APA 2021.

CGX Energy and Frontera Energy, joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, today announced that the joint venture has submitted a notice of potential commercial interest for the Wei-1 discovery to the Government of Guyana, which preserves the joint venture’s interests in the License.

The Prax Group has announced the signing of an agreement to acquire TotalEnergies’ interests in the Greater Laggan Area fields and the onshore Shetland Gas Plant, as well as its interests in several nearby exploration licenses.

Transocean has announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico.

Eni has signed a binding agreement with Hilcorp, one of the largest US private company with extensive experience operating in Alaska, for the sale of 100% of the Nikaitchuq and Oooguruk assets owned by Eni in Alaska.

Pytheas Energy has announced the addition of three producing oil and gas properties to its growing portfolio, the Andrews Crane Asset, the Bakken Asset, and the Minerva-Rockdale Asset.