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Latest news about Oil and gas Industries-29.08.25
On August 27, 2025 The United Arab Emirates' largest oil producer, Abu Dhabi National Oil Co. (ADNOC), has signed a binding 15-year agreement to supply liquefied natural gas (LNG) to India's state-run Indian Oil Corp. The deal, which follows a preliminary pact from September, will see ADNOC provide 1 million metric tons per year (MMtpa), primarily from its new under-construction export terminal in Ruwais. This is in addition to a separate existing deal to suppl... Leggi di più
Latest news about Oil and gas Industries-22.08.25
On August 21, 2025 Aker BP announced a major oil discovery in its Omega Alfa exploration campaign in the Norwegian North Sea, estimated to hold between 96 and 134 million barrels of oil equivalent (MMboe). CEO Karl Johnny Hersvik hailed it as one of Norway's largest commercial discoveries in a decade and a significant step towards the ambition of producing over one billion barrels from the Yggdrasil area. The campaign, which initially reported a smaller find in... Leggi di più
Latest news about Oil and gas Industries-14.08.25
On August 13, 2025 ExxonMobil signed a deal to explore for oil and gas off the coast of Trinidad and Tobago, marking its return to the region a decade after making the world’s largest oil discovery in nearby Guyana. The Texas-based company was awarded the 7,165-square-kilometer TTUD-1 block, located about 190 miles offshore, and will invest $42.5 million in the initial phase to acquire 3D seismic data. If successful, the project could escalate to over $20... Leggi di più
Latest news about Oil and gas Industries-08.08.25
On August 06, 2025 ADNOC Gas reported record Q2 2025 results, with net income rising 16% YoY to $1.385 billion and EBITDA increasing 8% YoY to $2.256 billion. The strong performance was driven by robust demand in the local gas market and opportunistic LNG exports, showcasing resilience against oil price volatility. CEO Fatema Al Nuaimi highlighted improved operational efficiency and healthy cash flows, positioning the company for long-term growth. ... Leggi di più