News
Total Energies Sells Malaysia Offshore Gas Field Stake to Inpex
5+ hour, 49+ min ago (167+ words) Total Energies has agreed to sell its 85% interest in Malaysia's offshore Block 2 E to Inpex for $350 million, divesting its net 8. 5% interest in the Marjoram gas field as part of its portfolio management strategy. The Marjoram field is currently under development....
Sunda Reviews Timor-Leste Appraisal Plans as New
2+ day, 6+ hour ago (340+ words) Sunda Energy has started evaluating options for the planned Chuditch-2 appraisal well offshore Timor-Leste following discussions with regulators and its joint venture partner, while separately advancing its acquisition of a New Zealand production business. The company said its wholly owned…...
TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei
3+ day, 6+ hour ago (206+ words) TGS has secured exclusive rights from the Petroleum Authority of Brunei Darussalam to undertake a multi-client 3 D seismic survey offshore Brunei. The contract covers the acquisition, processing and marketing of new 3 D seismic data under a multi-client model. TGS said…...
Hormuz Reopening Risks Turning Oil Shortage Into
3+ day, 8+ hour ago (939+ words) Ron Bousso June 29, 2026 Crude prices may be back near levels seen before the Iran war, but the surge in oil exports from the Middle East following the reopening of the Strait of Hormuz is creating a chaotic market that could…...
Oil Holds Steady After US, Iran Agree to Cease Attacks
3+ day, 9+ hour ago (268+ words) Oil prices steadied on Monday as Iran and the United States agreed to halt recent hostilities in the Gulf and Middle East producers pushed ahead with loading oil and liquefied natural gas despite fresh ship attacks. The two countries also…...
Inpex, Unions Reach Deal to End Ichthys LNG Strike
2+ week, 1+ day ago (514+ words) Australian unions said on Wednesday that they have reached a deal with Japan's Inpex to end strikes at the Ichthys liquefied natural gas (LNG) onshore and offshore facilities. Australia's Offshore Alliance began strike action on June 2, which has disrupted LNG…...
Oil Prices Slide as Israel-Iran Suspend Strikes
3+ week, 2+ day ago (386+ words) Oil prices fell on Tuesday, erasing most of the previous session's gains, after Iran and Israel said they had halted attacks on each other following an appeal from U. S. President Donald Trump, though both sides warned they could resume hostilities. Brent…...
Ichthys LNG Strike Intensifies as Union Talks with
3+ week, 3+ day ago (243+ words) Workers will escalate the strike at Inpex's Ichthys LNG facilities in Australia that started last week over a wage dispute, after talks failed to progress with the Japanese operator, the Offshore Alliance union said on Monday. Ichthys accounts for about…...
Oil Shoots Over $4 as Israel Expands Strikes
3+ week, 3+ day ago (541+ words) Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier. Brent crude futures LCOc1 rose $4. 42 or 4. 47% to $97. 15 a barrel as of 0609 GMT, while U. S. crude futures…...
Eni and Petronas Launch Southeast Asia Gas Joint Venture Searah
3+ week, 3+ day ago (375+ words) Eni and Petronas have officially established Searah, a new 50/50 joint venture combining selected businesses across Indonesia and Malaysia, creating what has been described as Southeast Asia's largest independent integrated energy company. The launch comes seven months after the signing of…...