Business and Finance

  • JERA secures 20-year US LNG deals

    17 Jun, 2025

    Japan’s JERA secures US LNG through 20-year deals

    JERA, Japan’s largest power generation company, has finalised a series of landmark 20-year agreements to procure up to 5.5 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from the United States... more

  • Echelon completes EP145 acquisition, boosting portfolio

    17 Jun, 2025

    Echelon completes EP145 acquisition, boosting portfolio

    Echelon Resources Limited (ASX: ECH) has announced the completion of its acquisition of a 100 per cent interest and operatorship in the onshore Exploration Permit EP145, located in the Amadeus Basin, Northern T... more

  • ADNOC

    22 May, 2025

    ADNOC signs $1.64 billion agreements for critical industrial equipment in the UAE

    ADNOC has signed framework agreements valued at AED6 billion ($1.64 billion) with 12 UAE-based companies for manufacturing of critical industrial equipment in the UAE, supporting the ‘Make it in the Emiratesâ... more

  • Shell announces strong Q1 results and $3.5b share buyback program

    15 May, 2025

    Shell reports $5.6b Q1 earnings, launches buybacks

    Shell has reported strong financial and strategic progress for the first quarter of 2025, underlining its resilience and commitment to shareholder returns despite a challenging market environment. The compan... more

  • Japan’s JERA secures US LNG through 20-year deals
    17 Jun, 2025
  • Echelon completes EP145 acquisition, boosting portfolio
    17 Jun, 2025
  • ADNOC signs $1.64 billion agreements for critical industrial equipment in the UAE
    22 May, 2025
  • Shell reports $5.6b Q1 earnings, launches buybacks
    15 May, 2025

ConocoPhillips considers selling Oklahoma assets

04 Apr, 2025
ConocoPhillips acquires Marathon Oil in $22.5b shale megadeal
ConocoPhillips is exploring the sale of its oil and gas assets in Oklahoma, which are valued at more than US$1 billion. The potential sale comes after ConocoPhillips's US$22.5 billion acquisition of Marathon Oil in November 2024. The assets include operations in the Anadarko basin, covering approximately 300,000 net acres and…

Woodside divests Greater Angostura assets to Perenco for US$206m

02 Apr, 2025
Woodside Divests Greater Angostura Assets to Perenco for US$206 Million
Woodside Energy Group (ASX:WDS) has announced the sale of its Greater Angostura oil and gas assets in Trinidad and Tobago to Perenco for US$206 million. The divestment includes stakes in the shallow-water Angostura and Ruby fields, associated production facilities, and an onshore terminal. This transaction marks a significant step in…

Pemex reports US$9b loss in Q4 2024 amidst production woes

12 Mar, 2025
Pemex reports US$9b loss in Q4 2024 amidst production woes
Petróleos Mexicanos (Pemex), Mexico's state-owned oil giant, has announced a staggering US$9 billion loss for the fourth quarter of 2024, a dramatic downturn compared to the profit recorded in the same period last year. The loss underscores the severe financial and operational challenges plaguing the company. The disappointing results were…

BLM New Mexico oil and gas lease sale generates US$20.67m

05 Mar, 2025
BLM New Mexico oil and gas lease sale generates US$20.67m
The Bureau of Land Management (BLM) New Mexico State Office has successfully auctioned seven parcels, encompassing 1,317 acres, in its recent quarterly oil and gas lease sale, resulting in a total of US$20.67 million in receipts. Proceeds from the combined bonus bids and rentals will be divided between the federal…

ADNOC Gas raises US$2.84b in share offering, oversubscribed 4.4 times

05 Mar, 2025
ADNOC
Abu Dhabi National Oil Company (ADNOC) has successfully concluded its marketed offering of ADNOC Gas shares, generating gross proceeds of approximately US$2.84 billion (Dh10.43 billion). The offering involved around 3.1 billion ordinary shares, representing 4 per cent of ADNOC Gas' issued share capital. This move increases the company's free float…

Shell expands stake in Gulf of America’s Ursa platform

28 Feb, 2025
Shell expands stake in Gulf of America's Ursa platform
Shell plc is set to significantly increase its ownership in the Ursa platform, a key asset in the Gulf of America, through an agreement signed by its subsidiaries Shell Offshore Inc. and Shell Pipeline Company (SPLC). The deal will boost Shell's working interest in the Ursa platform, pipeline, and associated…