AILINCOM 
PetrusAs a result of a shark attack off the coast of Western Australia, a 63-year-old geologist from Amplitude Energy has died. Authorities have called off the search for the predator due to a lack of signs of its activity.
PetrusSunda Energy is in negotiations with the authorities of Timor-Leste regarding the Chuditch project and is continuing the acquisition of Matahio Energy's assets in New Zealand, with plans for further production expansion.
PetrusSri Lanka has announced a new licensing round for international companies, offering four offshore blocks in the Mannar Basin for hydrocarbon exploration. This initiative aims to develop the country's own oil and gas industry and attract investment to this largely unexplored region.
PetrusNorwegian oil and gas companies are actively developing complex and dense reservoirs, using advanced technologies to tap into previously hard-to-reach reserves. Successes in projects such as Victoria are opening up new opportunities for the industry and could significantly increase the country's oil and gas production.
PetrusTurkish Petroleum has joined a joint gas exploration project in the Bulgarian sector of the Black Sea, acquiring a 33% stake alongside Shell and OMV Petrom. In 2024, seismic data collection is planned, with possible drilling to follow the next year.
PetrusBritish Shell is selling its stake in the Cypriot Aphrodite gas project to Hungary's MOL Group for up to $720 million. The deal is expected to be finalized in early 2027, pending all necessary approvals.
PetrusThe European liquefied natural gas market is facing the risk of shortages and rising prices due to low reserves, supply disruptions, and infrastructure damage. Gas storage levels are significantly below normal, increasing uncertainty as the winter season approaches.
PetrusThe Searah joint venture has begun construction of the topsides for the FPSO Bahtera Haluan Lestari, a key component of Indonesia’s large-scale Kutei North Hub gas project. The $11.8 billion project aims to advance the country’s energy sector, create new jobs, and introduce innovative technologies. It also has the potential to position Searah as one of the leading players in Southeast Asia’s oil and gas industry.
PetrusThe Italian company Eni is beginning development of the deepwater Cronos field off the coast of Cyprus, which will allow Cypriot gas to enter the market for the first time by 2028. This project will strengthen Cyprus's position as a gas exporter and support Europe's energy security.
PetrusThe government of Western Australia has granted the Browse gas project the status of national significance, which will expedite its review and development. The project faces environmental disputes and legal proceedings, and is also awaiting changes in its ownership structure.
PetrusAustralian company Santos and Prism Energy have completed their first export shipment of condensate from the Barossa field to South Korea. This move strengthens the project's position in the Asian market and contributes to the region's economic development.
PetrusAustralian company Woodside Energy has completed the transfer of operational control over key gas assets in the Gippsland Basin, which supplies around 40% of the gas demand on the country's east coast. The company is also involved in new asset swap deals and anticipates further project development amid changes in national gas reservation policy.
PetrusDespite supply disruptions and geopolitical instability, global demand for liquefied natural gas remains strong, driven by the growth of data centers and the advancement of AI. Baker Hughes has exceeded expectations in both revenue and profit, and the long-term outlook for the LNG market remains positive.
PetrusAmerican company Baker Hughes has raised its forecast for orders in the energy technology segment to more than $45 billion for 2026–2028, following a successful second quarter. The company notes an increase in profits, an expanded contract portfolio, and active growth in key business areas.
PetrusLeading contractors have been invited to submit updated bids for the key project management contract for the Dorra gas field, despite the ongoing dispute with Iran. The results of the tender are expected later this year.