Business/economics
ExxonMobil’s Letter of Intent to begin preliminary engineering and procurement work for Mozambique’s Rovuma LNG project bridges the development to a final EPC contract, which Area 4 partners are expected to award following an FID anticipated by year-end 2026.
Sixteen companies submitted 69 bids worth $99.5 million in the Big Beautiful Gulf 3 sale.
Beetaloo Energy and Halliburton have signed an MOU to advance Beetaloo Digital, a proposed gas-powered AI data center hub in Australia’s Northern Territory that could create a new long-term market for Beetaloo Basin gas.
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The agreement follows the discovery of 724 million BOE in unconventional oil and gas reserves in November. -
Westwood links 2026 exploration outcomes to policies, with operators offshore Norway finding seven times more resources than those offshore the UK.
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The purchase includes approximately 260 producing wells and expands Caturus’ footprint in the Eagle Ford and Austin Chalk.
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The asset sale to an undisclosed buyer includes 360,000 net acres in Oklahoma.
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Phase 1 of the lease agreements calls for 2D and 3D seismic over the blocks.
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Evolution Well Services will deploy electric pressure pumping units for Northeast Natural Energy, which operates in the Marcellus Shale.
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By opening new fields to exploration and development, Libya is poised to boost gas production to supply exports in meaningful volumes to Europe by early 2030.
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The energy technology company received an order from Twenty20 Energy for 10 gas turbines to power US data center infrastructure.
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The planned facility was designed to process 34 MMcf/D of associated gas into fully refined gasoline.
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The cloud platform provider said the initiative is designed to help energy companies manage and analyze large-scale operational data.
