Crude oil prices extended their earlier gains today, with Brent crude keeping above $111 per barrel after the latest reports from the Middle East, featuring more Houthi attacks on Saudi targets.
Ghana’s Petroleum Hub Development Corporation (PHDC) has signed a USD 28-billion agreement with an international investment consortium covering “Lot Two” of the Petroleum Hub project in Jomoro, Western Region.
Ongoing disruptions in LNG shipments through the Strait of Hormuz, driven by regional conflicts and attacks, are tightening global gas markets with limited alternative supplies, potentially extending into 2027 as European inventories remain low amid higher prices.
Record-high freight costs are changing the behavior of Asian buyers who are increasingly using smaller tankers and ships under long-term charter deals to pick crude oil supply
The European Union reaffirmed its opposition to Arctic oil and gas development on Tuesday, even as the bloc prepares for another expensive winter with depleted gas storage and prices approaching levels last seen during the 2022 energy crisis.
Norway’s oil and gas production declined sharply in September, with natural gas output falling 12.6% from August, according to preliminary figures released Tuesday by the Norwegian Offshore Directorate (NOD).
Malaysia and Vietnam’s national oil and gas companies have agreed to explore more joint projects in the upstream and downstream sectors, as well as the energy transition.
Viridien has started the first phase of its Guyana legacy 3D reimaging project, covering more than 10,000 sq km of existing 3D seismic data from the Kaieteur, Georgetown, Kanuku and Corentyne surveys. Early-out results are expected in the first quarter of 2027.Viridien has started the first phase of its Guyana legacy 3D reimaging project, covering more than 10,000 sq km of existing 3D seismic data from the Kaieteur, Georgetown, Kanuku and Corentyne surveys. Early-out results are expected in the first quarter of 2027.
TechnipFMC has signed a memorandum of understanding (MoU) with bp setting out a framework to cooperate on the supply of 20,000-psi (20K) subsea tree systems for bp’s Paleogene projects in the U.S. Gulf.
Egypt plans to start the first phase of an ocean bottom node (OBN) seismic survey covering about 18,000 sq km of its Eastern Mediterranean waters within the next two weeks, Minister of Petroleum and Mineral Resources Karim Badawi said on Oct. 18. The aim is to improve natural gas exploration prospects.