All articles by Swagath Bandhakavi
Swagath Bandhakavi
CNOOC begins production at Luda 5-2 North Phase II project
The project, which is situated in central Bohai waters, includes 29 wells, with 28 designated for production and one for water sourcing
OMV Petrom breaks ground on €750m SAF unit at Petrobrazi refinery in Romania
The investment aims to produce 250,000 tonnes of sustainable fuels annually by 2028, strengthening the company’s position as a key producer in Southeast Europe
BP begins production from second development phase of Raven field in Egypt
The new development phase is anticipated to add nearly 220 billion cubic feet of gas and seven million barrels of condensate
Commonwealth LNG secures key approvals for export terminal in Louisiana
Commonwealth LNG aims to reach an FID by September 2025, with liquefied natural gas production set to commence in early 2029
BP and Seatrium sign MOU for Tiber FPU in US Gulf of America
BP made the Tiber oil discovery in 2009 in Keathley Canyon block 102, about 480km southwest of New Orleans
Chevron to cut up to one-fifth of global workforce amid cost-saving measures
The move comes amid operational hurdles, escalating project costs, and Chevron’s pending $53 billion acquisition of Hess, announced in October 2023
Entergy, Kinder Morgan ink natural gas transport deal to support Southeast Texas growth
The agreement, established in partnership with Golden Pass LNG, forms part of Kinder Morgan’s $1.7bn Trident Intrastate Pipeline project
BP and partners commence LNG production from Greater Tortue Ahmeyim project
Production began following the start of gas flow from the project’s first phase in late December 2024
Prairie Operating to acquire DJ Basin assets from Bayswater for $603m
Through the deal, Prairie Operating adds 300 producing horizontal wells located on 30 pads that are spread over nearly 24,000 leased acres in Weld County, Colorado
ConocoPhillips reports $2.3bn net income for Q4 2024 amid acquisition-related costs
The company’s Q4 2024 production rose to 2,183MBOED, marking an increase of 281MBOED compared to the same period in 2023