Latest Headlines

  1. US-Saudi Consortium 'MERA Oil' Enters Final Stage Of Site Selection For Planned US$5B Refinery And Energy Export Corridor 7/29/2026

    MWG Enterprises, the Fort Worth-based energy development company, Patel Family Office, the third-generation global family office, and PWS, an associate company of one of Saudi Arabia’s longest-established industrial groups AHQ Group, have together launched MERA Oil, a US-Saudi private consortium, and entered the final stage of selecting a host for their planned US$5B integrated refinery and energy export corridor.

  2. CB&I Continues Growth In Middle East With New Abu Dhabi Wells Contract 7/29/2026

    CB&I's Asset Solutions business (formerly part of Petrofac) has secured a new contract with Cosmo E&P Albahriya Limited ("Cosmo") in the United Arab Emirates (UAE).

  3. BP Welcomes Türkiye Petrolleri Anonim Ortaklığı Into Kirkuk Redevelopment In Iraq 7/28/2026

    bp and Türkiye Petrolleri Anonim Ortaklığı (TPAO) have agreed terms for TPAO to acquire a 15% interest in BP Energy Company of Kirkuk Limited (BP ECKL), further expanding the partnership supporting the redevelopment of several major oil and gas fields in the Kirkuk region of northern Iraq.

  4. Eni Announces Final Investment Decision For Cyprus' Cronos Project 7/28/2026

    Eni has reached the Final Investment Decision (FID) to develop Cronos project, in deep waters offshore Cyprus, with the target to bring the first Cypriot gas to market in 2028.

  5. Cyprus: TotalEnergies Approves The Development Of The Cronos Gas Field To Supply Europe With LNG 7/28/2026

    TotalEnergies (50%) and Eni (50%, operator), partners in Cyprus offshore Block 6, have taken the Final Investment Decision (FID) for the development of the Cronos gas field, discovered in 2022 and successfully appraised in 2024.

  6. Palm Valley Well Spud And Otway & Cooper Exploration Update 7/27/2026

    Central Petroleum Limited (“Central”) is pleased to announce that PV14, the first well in its two-well Palm Valley drilling programme, was spudded by Ensign Rig 974 on 25 July 2026 at 23:00 hrs ACST.

  7. Indonesia Energy Corporation Commences Drilling Of K-29 Well 7/27/2026

    Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that on Saturday, July 25, 2026, its “K-29” well was spudded and drilling commenced.

  8. Talos Energy Announces Strategic Offshore Mexico Development Farm-In 7/27/2026

    Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the execution of a definitive agreement to farm into the Block 29 development offshore Mexico, operated by Repsol, S.A. ("Repsol").

  9. Saipem Awarded New Contracts In Ivory Coast And Italy By Eni Worth Approximately 800 Million Euro 7/27/2026

    Saipem has been awarded two new contracts, one offshore in Ivory Coast and one onshore in Italy, for a total value of approximately 800 million euro.

  10. ONGC Spuds First Deepwater Well In Mahanadi Basin Under Samudra Manthan Mission 7/25/2026

    In a significant step towards unlocking India’s deepwater hydrocarbon potential, Hon’ble Minister of Petroleum and Natural Gas Shri Hardeep Singh Puri virtually spudded ONGC’s exploratory well, MN-DW18-1-H-D, in the Mahanadi Offshore Basin from New Delhi on 25 July 2026.