Month: July 2025

Woodside will exit the long-stalled Greater Sunrise gas fields in the Timor Sea, agreeing to sell its 33.44% unitized participating interest in the Sunrise Joint Venture to Timor-Leste national oil company TIMOR GAP for up to $200 million, most of it contingent on the project reaching first LNG.

Sharjah National Oil Corporation has completed the first phase of Hadiba gas field development, with the project expected to more than double current gas production and support higher output through 2027.

Percepto has launched Axion, a hardware-agnostic AI platform that analyzes data from third-party drones and sensors to flag issues at oil and gas, power and industrial sites.

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Ovintiv will acquire Logan Energy for about $890 million, including debt, adding 266,000 net acres and roughly 20,000 boed in the oil-rich part of the Montney, plus new oil processing facilities.

Cat® Reman engines, transmissions and components are remanufactured to original Caterpillar specifications and deliver like-new performance for 45%–85% of the cost of new when you return your used core. Each is backed by a same-as-new limited warranty.

EQT will acquire Range Resources in an all-stock deal, creating a combined Appalachian gas producer with more than 9 Bcfe/d of output and an enterprise value above $50 billion.

Eni has signed the main contracts for its Cronos gas project offshore Cyprus, targeting 2028 start-up and up to 500 MMscfd piped to Egypt for liquefaction at Damietta LNG.

Aquaterra Energy designed and built a subsea template for Emadeb Energy’s offshore Nigeria platform in six months, letting drilling start while the platform is fabricated.