
MOL Group and Turkish Petroleum join forces to explore hydrocarbons in Hungary
Granted rights for joint hydrocarbon exploration in two Hungarian concession areas, Tamási and Buzsák.
Stay up to date with the latest news and updates from the oil industry.

Granted rights for joint hydrocarbon exploration in two Hungarian concession areas, Tamási and Buzsák.

Annular pressure build-up (APB) mitigation for wells at Whale development.

The energy industry is braced for short-term uncertainty caused by global instability, but remains optimistic in the long-term, according to DNV’s annual Energy Industry Insights survey.

Technip Energies awarded a significant engineering contract for the North Field Production Sustainability Offshore Compression Project in Qatar.

Contract wins in Americas, Africa and Australia boost growth at subsea cutting specialist Decom Engineering.

bp has confirmed the preliminary results of the Capricornus 1-X exploration well in Namibia’s Orange Basin, as reported by operator Rhino Resources.

Management estimates indicate 56 million barrels oil in place of which approximately 25 million barrels are considered recoverable.

The collaboration aims to integrate Weatherford's software and hardware solutions, including the Modern Edge suite, Unified Data Model, and WFRD Software Launchpad, with AIQ's AI-driven systems.

Pete McGuigan, Global LNG Market Manager, Filtration & Energy Solutions Division, Parker Filtration Group, explores the critical factors in selecting air intake filtration equipment for FPSO applications.

Crude burn – the direct use of crude oil in power plants and industrial facilities, primarily for electricity generation – has long been a staple in Saudi Arabia’s energy mix.

Crescent Energy Company has announced the closing of the sale of non-operated Permian Basin assets to a private buyer for US$83 million in cash, subject to customary post-closing purchase price adjustments. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 thousand boe/d (~35% oil).

TotalEnergies has announced the start of production from the deepwater Ballymore field offshore US, in which the Company has a 40% interest alongside operator Chevron (60%).