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Chevron announced today that its 50 percent owned affiliate Tengizchevroil LLP (TCO) has started oil production at its Future Growth Project (FGP) located at the Tengiz oil field in Kazakhstan. The FGP expansion aims to increase crude oil production by 260,000 bpd at full capacity. View the full article
(Bloomberg) – Chevron has completed an expansion at Kazakhstan’s huge Tengiz oil field, which is expected to pump 1 million bpd by mid-2025. The expansion comes as U.S. President Donald Trump this week said he’ll push OPEC and its allies to lower oil prices. View the full article
(Bloomberg) – Argentina scored its widest annual energy trade surplus in nearly two decades in 2024 thanks to booming oil and gas production in the country’s Vaca Muerta shale patch. It’s forecast to do even better this year. View the full article
VAALCO Energy, Inc. has provided an operational update that included record production and sales volumes for 2024. Vaalco is a Houston-based, independent E&P company with assets across Gabon, Egypt, Cote d’Ivoire, Equatorial Guinea, Nigeria and Canada. View the full article
Ovintiv Inc. today closed the previously announced all cash sale of substantially all its Uinta assets, located in Utah, to FourPoint Resources, LLC, for approximately $2 billion. Selling its Utah assets frees up Ovintiv to focus on the Permian basin. View the full article
Salunda has integrated its Red Zone monitoring solutions on four drilling rigs in Guyana with Intellilift’s proven digital technologies to deliver automated location and control of critical equipment and personnel. View the full article
Golar LNG has announced that the FLNG Gimi received feed gas from the bp-operated FPSO on the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal. Full commissioning of the FLNG has now commenced. View the full article
SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence’s waste-to-energy facility in Hengelo, Netherlands. The new plant has the capacity to capture up to 100,000 metric tons of CO2 per year. View the full article
Envana has been awarded a grant totaling $5.2 million by the U.S. Department of Energy (DOE) to advance oil and gas methane monitoring and mitigation technologies. The funding is part of the DOE’s Methane Emissions Reduction Program. View the full article
SLB and Star Energy Geothermal, a subsidiary of Indonesia’s largest renewable energy company Barito Renewables, have announced a collaboration agreement to accelerate advanced technologies for geothermal asset development. View the full article
In an exclusive interview with Energy Capital & Power, Pedro Ribeiro shared TotalEnergies strategic plans to enhance field performance, increase production at Waha and Sharara and advance exploration efforts in the Murzuq Basin. View the full article
(Bloomberg) – China’s Cnooc Ltd. said it’ll keep spending flat in 2025, while revising its output targets lower. The country’s biggest offshore oil and gas explorer produced about 720 million barrels of oil equivalent in 2024, according to statement. View the full article
SandboxAQ announced it has signed an agreement with Aramco to collaborate on developing a multi-GPU enabled differentiable computational fluid dynamics solver for application in oil and gas processing facilities. View the full article
KBR has been awarded a contract to support sustainable production of energy resources in Saudi Arabia by contributing to the delivery of Saudi Aramco's Master Expansion Program and increasing gas handling capacity at key regional locations. View the full article
SLB and Star Energy Geothermal, a subsidiary of Indonesia’s largest renewable energy company Barito Renewables, have announced a collaboration agreement to accelerate advanced technologies for geothermal asset development. View the full article
The American Petroleum Institute (API) today announced the launch of the new API Repair and Remanufacture Program. Organizations can become licensed under this program and apply the API Repair and Remanufacture mark to their equipment. View the full article
(Bloomberg) – U.S. President Donald Trump’s pledge to unlock more of that country’s vast stores of energy will likely lower Kenya’s consumer price growth, according to the chief of the African nation’s central bank. View the full article
SLB and Star Energy Geothermal, a subsidiary of Indonesia’s largest renewable energy company Barito Renewables, have announced a collaboration agreement to accelerate advanced technologies for geothermal asset development. View the full article
Libya’s Oil & Gas Minister outlined plans to boost production to 1.6 million bpd in 2025 and 2 million bpd long-term, with brownfield development and local investment at the core, during the Libya Energy & Economic Summit. View the full article
The Energy Workforce & Technology Council (EWTC) and American Petroleum Institute (API) have both issued statements applauding President Trump's swift and decisive action on Day 1 to unleash American energy.
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CNOOC has announced that Dongfang 29-1 Gas Field Development Project has commenced production. The project is expected to achieve a peak production of 38 million cubic feet of natural gas per day in 2025. View the full article
MAGA Republican leaders, the so-called ‘climate deniers’—and its leader (Trump) label climate change a “hoax.” What does this mean for climate policy and the energy transition in the U.S.? And will the change in U.S. policy affect European policy as well? View the full article
Nigeria ranks as Africa’s top destination for upstream oil and gas investment in 2024, research from Wood Mackenzie shows. The African Energy Chamber commends Nigeria for its dedication to simplifying policies and facilitating market growth in the energy sector.
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