Category: Uncategorized

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.

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.

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.

Continental Resources retained the top spot in Enverus’ annual ranking of the 100 largest private U.S. E&P operators, as the report points to renewed private capital deployment across the upstream sector.

Flowserve has completed its $490 million acquisition of Trillium Flow Technologies’ Valves Division, expanding its engineered flow-control portfolio and aftermarket capabilities across global energy and industrial markets.

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.

ADNOC is proposing a new pricing methodology for Upper Zakum, Das and Umm Lulu crude that would link official selling prices to the Dubai benchmark rather than Murban futures. The move could simplify regional pricing comparisons as the UAE expands crude exports.

Shell expects global LNG trade to remain flat in 2026 if shipping through the Strait of Hormuz returns to normal this summer but warns that a prolonged closure could result in a rare annual decline in LNG supply. The outlook comes as Qatar continues recovering from conflict-related disruptions.

Tenaris will invest more than $90 million to modernize its Pennsylvania steel shop and seamless pipe manufacturing facilities, expanding automation, improving production efficiency and supporting U.S. oil country tubular goods (OCTG) manufacturing for the energy industry.

Enverus has acquired four PDS Energy Information exchange platforms, expanding its digital network for frac coordination, well data, production reporting and produced water logistics across the U.S. upstream industry.