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Brazil’s Oil Boom: Lula Pushes for Amazon Drilling Despite Environmental Concerns
Brazilian President Luiz Inacio Lula da Silva is pressuring the country’s environmental regulators to approve oil drilling near the mouth of the ...
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Eastern Green Link 1: £2.5B Subsea Electricity Superhighway Breaks Ground
SP Energy Networks and National Grid Electricity Transmission have broken ground on a 190-kilometer (118 miles) subsea electricity superhighway. The ...
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US Plans to Cut Iran’s Oil Exports to 100,000 BPD – Maximum Pressure Returns
Treasury Secretary Scott Bessent said the US aims to squeeze Iran’s oil exports to less than 10 percent of current levels ...
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Penta-Ocean signs contract for first-of-its-kind monopile installation vessel
Ulstein Design & Solutions has confirmed that Penta Ocean Construction Company Limited has signed a contract for the construction of ...
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Alaskan Resources to Play Key Role in Trump’s Energy Plan
President Trump signed several executive orders aimed at boosting domestic energy production and reducing reliance on foreign energy. The administration ...
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Tamboran, Santos to explore Darwin LNG expansion in Beetaloo basin
Tamboran Resources Corporation and Santos Limited have entered into a non-binding Memorandum of Understanding (MOU) to undertake technical studies relating ...
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The Global Impact of Petroleum in 2025: Trends Driving the Industry
IEA revises annual growth forecast upward as oil demand strengthens, with notable increases across Asia and the Middle East The ...
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Shifting Geopolitics and Supply Chains: How the Global Petroleum Industry is Transforming in 2025
In 2024, the crude oil and natural gas market navigated a complex landscape of controlled OPEC+ supply and variable demand, ...
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Energy Outlook 2025: Oil and Gas
The transformation of the oil and gas industry is picking up speed. We look at issues from shifting LNG demand ...
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Crude Oil Prices Surge as Global Market Dynamics Shift
Crude oil prices rose for the third consecutive session on Wednesday, driven by China’s plans to boost its economy, potential ...
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SLB’s Advanced Subsea Technology to Boost Petrobras’ Búzios Field
SLB’s OneSubsea™ joint venture has secured a groundbreaking contract with Petrobras to deliver two cutting-edge subsea raw seawater injection (RWI) ...
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Shell’s New Investment in the Gulf of Mexico: The Phase 3 Silvertip Project
Shell Offshore Inc., a subsidiary of Shell plc, has made an exciting announcement about its continued commitment to energy production ...
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Rising Oil Supply Amid OPEC+ Decisions
The Acting Chairman of Libya's state-owned National Oil Corporation (NOC) Masoud Sulaiman said on Saturday the company plans to increase ...
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Congo Energy & Investment Forum 2025: A Turning Point in Africa’s Energy Landscape
The African Energy Chamber (AEC), as the voice of Africa’s energy sector, proudly supports the inaugural Congo Energy&Investment Forum (CEIF), ...
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Building Offshore Drilling Rigs in India: ONGC’s Bold Initiative
These rigs will replace some of the company's ageing rigs operational for more than 4 decades, which will be retired ...
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Angola LNG Project Eyes Expansion Amid Rising Natural Gas Demand
Angola’s LNG project is gearing up for a major expansion, with new supplies of natural gas expected in the coming ...
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China’s Crude Oil Imports Continue to Slump
October marks the sixth consecutive month of lower imports compared to 2023.China’s crude oil imports continued to decline in October, ...
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Apache to End North Sea Oil Production by 2030 Amid Increased UK Windfall Tax
APA Corporation cites higher tax burdens and regulatory uncertainties as primary reasons for the decision. In a significant development for ...
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India’s Imports of Russian Crude Oil Continue to Climb
India continues to boost imports of Russian crude oil as Russia continues to be the single largest crude supplier to ...
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Petroperu still operating without a board after last month’s mass resignation
(WO) – Peru’s government can’t find board members to lead its struggling state-owned oil company more than five weeks after ...
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Petrobras E&P strategy aims to get max oil output from current fields
(WO) – Petrobras is pushing to extract as much oil as possible from its existing fields in Brazil while simultaneously ...
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Geopolitical risk premium in oil market slips slightly, Goldman Sachs says
Oct 9 (Reuters) - Geopolitical risk premium gauges in the oil market have decreased slightly this week, following sharp increases ...
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Iran suffers oil leak near top export terminal in Persian Gulf
(WO) – Iran suffered an oil leak just a few miles from Kharg Island, its top export terminal in the ...
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South Africa poised for LPG gas boom amid electricity price hikes
CAPE TOWN, Oct 9 (Reuters) - South Africa's liquefied petroleum gas (LPG) business is poised for a boom, industry executives ...
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CNOOC begins oil production offshore China utilizing new deepwater facility models
(WO) – CNOOC Limited announced that the Liuhua 11-1/4-1 oil development offshore China has commenced production. The project is located ...
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TotalEnergies’ $9 billion investment offshore Suriname expands Atlantic oil and gas boom
(Bloomberg) – Total Energies SE is assembling a fleet of Deepwater rigs, support vessels and drilling crews offshore Suriname in ...
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Wildcat exploration wells unearth oil and gas in Equinor’s latest North Sea discovery
(WO) – According to the Norwegian Offshore Directorate, Equinor and its partners have made an offshore oil and gas discovery ...
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OPEC again lowers 2024, 2025 global oil demand growth view
LONDON - OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far ...