Oil & Gas
Companies
ExxonMobil to Proceed $6.8B Hammerhead Project in Guyana
ExxonMobil has reached a final investment decision to move forward with the Hammerhead development offshore Guyana, following the completion of regulatory approvals. Hammerhead, located on the Stabroek block, will be the company’s seventh project in the area and is...
Companies
Companies form Hydrocarbon Exploration Consortium in Peru
Chevron, Anadarko, and Westlawn have finalized a consortium agreement to advance hydrocarbon exploration off the peru coast. Initial item in the agenda is analyzing results from a 3D marine seismic survey before deciding on drilling plans. The deal involves...
Africa
TotalEnergies Enters Oil Exploration Contracts in Liberia
TotalEnergies has entered into four new Production Sharing Contracts (PSCs) covering offshore exploration blocks LB-6, LB-11, LB-17, and LB-29 in Liberia’s southern basin. The agreements, signed following the 2024 Direct Negotiation Licensing Round led by the Liberia Petroleum Regulatory...
Africa
GTT and Samsung Heavy Industries Enter FLNG Tank Contract
Gaztransport & Technigaz (GTT) declared that it secured a major order from Samsung Heavy Industries (SHI) to deliver tank design for a Floating Liquefied Natural Gas (FLNG) facility set to be deployed on the African continent. The project is...
Asia
Russia and China to Advance Power of Siberia 2 Gas Pipeline
Russia and China signed a legally binding agreement to advance the long-delayed Power of Siberia 2 gas pipeline, strengthening their commercial partnership in a development likely to be interpreted as a significant message to Western powers.
Alexei Miller, chief executive...
Africa
Egypt Enters $340 Million Oil and Gas Exploration Deals
Egypt entered into four new oil and gas exploration deals with foreign operators, together worth more than $340 million (E£16.52 billion). The deals mark a decisive step in the country’s strategy to expand domestic production capacity while addressing the...
America
Enbridge Announces Two Gas Transmission Projects in the US
Enbridge Inc. announced that it has reached a final investment decision on two significant gas transmission projects. The company has signed commercial agreements for the Algonquin Reliable Affordable Resilient Enhancement project (AGT Enhancement), which will expand capacity on the...
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