Month: July 2025

Bernhard Schulte Offshore has taken delivery of the Windea Clarke commissioning service operation vessel (CSOV) from Ulstein Verft, expanding its offshore service fleet with a hybrid-ready vessel designed for offshore construction and maintenance operations.

XRG has completed the acquisition of an additional equity interest in Rio Grande LNG’s Trains 4 and 5, giving the company ownership across all five trains under construction at the 30-MMtpa export project in Texas.

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PETRONAS has recorded two new discoveries and a successful appraisal well in Suriname’s offshore Block 52, increasing its total successful wells in the country to eight and unlocking more than 1 Bboe of recoverable resources.

India plans to expand its strategic oil reserves and storage capacity following recent volatility during the Iran conflict, while increasing refining capacity as it strengthens energy security and positions itself as a global refining hub.

Sunda Energy expects to complete its acquisition of producing assets in New Zealand’s Taranaki basin in September while continuing to evaluate development plans for the Chuditch gas project in Timor-Leste following recent regulatory discussions.

NG Energy has spudded the second well in its six-well Sinú-9 drilling campaign as pipeline upgrades move closer to boosting gas takeaway capacity in Colombia. Development also continues at the company’s Maria Conchita block.

TotalEnergies has agreed to sell its minority interest in Malaysia’s Marjoram gas field to INPEX for $350 million, continuing its strategy of optimizing its upstream portfolio while focusing on operated, low-cost gas developments in Southeast Asia.

Oil prices fell after U.S. officials described indirect talks with Iran as positive, raising hopes for reduced tensions around the Strait of Hormuz. At the same time, recovering exports and growing physical crude supplies have intensified concerns about a global oil surplus.