Business/economics
The deal between the Republic of the Congo and the Chinese oil and gas company aims to develop the Banga Kayo, Holmoni, and Cayo blocks and raise national oil output to 200,000 B/D by 2030.
The companies said they plan to start deploying digital twin technologies in Oman this year.
Egypt’s newest round of drilling agreements advances its quest to boost investment in mature fields to stop the freefall in gas production.
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The Göktepe-3 discovery boosts Turkey’s gas reserve estimates by 10%, supporting Ankara’s ambitions to become a regional gas export hub. -
Aramco’s latest MOUs focus on driving innovation and growth across oil, gas, and downstream sectors.
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Strathcona doubles down on heavy oil—sells Montney assets for nearly CAD 3 billion, grabs Canada’s top crude-by-rail hub, and sets sights on MEG Energy in bold growth move.
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The contracts build on Cairo’s decades-long strategic energy alliance with Moscow, which will soon include nuclear energy.
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Leaders at OTC 2025 warned that tariffs and supply chain strains threaten offshore project economics despite record global output.
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Global majors remain committed to boosting investment in Egypt’s offshore gas production as they eye Cairo’s underutilized LNG capacity.
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EVP Giulia Chierchia and Chairman Helge Lund are stepping down amidst difficult Q1.
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The CEO and North America research director for Rystad Energy shares insights from a 3-year Knowledge Partnership between the global consultancy and OTC.
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Pacific Meltem and Pacific Scirocco will be sold out of the marketed fleet; Noble posts over $2 billion in fresh contract backlog.
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SOCAR’s expansion of its exploration footprint in Israeli waters could position Azerbaijan as a future player in EastMed gas.
