Beach Energy shelves well drilling ops, freeing $500M for higher-value projects
Beach Energy, an Australian oil and gas company, has decided to halt its well drilling and subsea tie-in project at the Otway gas plant. This decision frees up over $500 million in capital that the co
Australia Set to Include Existing LNG Deals in Gas Reservation Scheme
Australia is proposing to expand its Domestic Gas Reservation scheme to include existing LNG contracts, aiming to secure domestic gas supply starting in July 20
OilPrice·May 25
Analysts Explain Oil Price Drop
An analyst at Sparta Commodities attributes a recent drop in oil prices to a perceived breakthrough in potential conflict between the U.S. and Iran. Reduced geo
Rigzone·May 25
Subsea7 lands contract for Vår Energi’s Goliat Gas Export project
Subsea7 has been awarded a contract by Vår Energi for the Goliat Gas Export Project in the Barents Sea. This project involves the development of infrastructure
Offshore Technology·May 25
Drilling ops with Transocean rig pushed forward: New operator taking the helm at Australian gas field
Amplitude Energy (formerly Cooper Energy) is taking over operatorship of an offshore gas field in the Otway Basin, Australia, signaling continued development an
Offshore Energy·May 25
May 25
India Raises Fuel Prices for Fourth Time as Oil Crisis Hits Consumers
OilPrice
May 25
China Coking Coal Prices Surge After Deadly Shanxi Mine Blast
OilPrice
May 25
Gazprom Starts Production at Chona Fields in Eastern Siberia
Rigzone
May 25
Uniper to Resume Dividend Payments
Rigzone
May 25
Eni Secures LNG Offtake Deals for Indonesia Projects