Oil prices surged by more than 7% back above $100 a barrel on Monday after US President Donald Trump ordered the blockading of Iranian ports following the failure of peace talks between Washington and Tehran.
Chevron has agreed to an asset swap with Petróleos de Venezuela S.A. (PDVSA) that will expand its position in the country’s heavy oil sector while divesting certain gas assets.
Petróleo Brasileiro SA (Petrobras) said it has signed a deal with Petroliam Nasional Bhd (Petronas) exercising its pre-emptive rights for the Tartaruga Verde field and Module 3 of the Espadarte field, both in the Campos basin offshore Brazil.
Halliburton has been awarded a multibillion-dollar contract by YPF to provide unconventional completions services in Argentina’s Vaca Muerta shale, expanding its footprint in one of the world’s largest shale developments outside North America.
OPEC crude production registered a record plunge last month as conflict in the Middle East throttled exports from key members, the group’s data showed.
TotalEnergies and Türkiye Petrolleri Anonim Ortaklığı (TPAO) have signed a memorandum of understanding (MoU) to evaluate oil and gas exploration opportunities in Türkiye’s Black Sea and other international areas.
TotalEnergies has confirmed a hydrocarbon discovery on the Moho license offshore the Republic of the Congo, following drilling of the MHNM-6 NFW exploration well targeting the Moho G structure. The well encountered a hydrocarbon column of approximately 160 m in Albian reservoirs, with data acquisition and fluid sampling completed to support further subsurface evaluation. The results […]
Eco (Atlantic) Oil & Gas has signed an agreement to farm down a 60% participating interest in its offshore Namibia portfolio to bp, transferring operatorship across three exploration licenses in the Walvis basin.
ABL has signed a memorandum of understanding (MoU) with Petroleum Marine Services (PMS) to provide offshore rig moving support and marine assurance services in Egypt.
The annual report of the Public Interest and Accountability Committee (PIAC) for 2025 has thrown a spotlight on Ghana’s oil and gas sector, with experts calling for improved transparency and accountability in the management of the country’s petroleum revenues.