OilPrice
MAY 14, 2025
XRG, the newly created energy investment firm of Abu Dhabis national oil company ADNOC, has taken a 38% stake in a production sharing contract for an offshore block of gas and condensate fields in Turkmenistan. As part of the transaction, XRG and Petronas signed a long-term gas sales agreement (GSA) with Turkmengas.
Oil & Gas 360º
JUNE 17, 2025
(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. offshore production accounts for 14% of total U.S. According to the U.S.
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OilPrice
APRIL 12, 2025
Newly discovered offshore oil and gas deposits in Pakistans territorial seas could be brought to surface by Pakistan and Turkey. The two countries this week signed an agreement at the 2025 Pakistan Minerals Investment Forum in Islamabad to jointly bid on 40 offshore blocks.
OilPrice
MARCH 17, 2025
A consortium of UK-based supermajor BP, Azerbaijans state oil and gas firm SOCAR, and Israeli company NewMed Energy on Monday signed a licensing agreement to explore for natural gas offshore Israel, the Energy Ministry of Israel said.
Marcellus Drilling News
JUNE 17, 2025
Frankly, they are points we’ve made here on MDN a number of times—how natural gas is critical to the Empire State. The op-ed points out that natural gas powers. We spotted an op-ed appearing in the Lower Hudson Valley area of New York State (just north of New York City) that makes some great points.
OilPrice
MARCH 7, 2025
Shell has started first oil production from the next development phase of a deepwater oil project offshore Malaysia, the UK-based supermajor said on Friday as Europes largest oil and gas companies are pivoting back to strategies to boost output of fossil fuels.
OilPrice
JUNE 19, 2025
Namibia, one of the latest exploration hotspots in the world, is weighing potential further incentives and financing options to offer to international majors preparing plans for oil production offshore the African country. However, without infrastructure in place, costs are higher for production development plans.
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