Greenland Energy Company and JV partner 80 Mile are now targeting winter 2027 for permits covering the company’s planned oil exploration program in East Greenland’s Jameson Land basin after regulators indicated the project will require a more extensive review.
Iran is battling an oil spill off Qeshm Island, underscoring the environmental risks posed by attacks on tankers in the Persian Gulf.
South Korean private equity firm Hahn & Co plans to reshuffle the liquefied natural gas tanker fleets of its shipping companies SK Shipping and H-Line Shipping to create Asia’s biggest and the world’s third-largest operator of LNG carriers.
Indian state-controlled oil refiners continue to search the market for spot crude supply as term deliveries are constrained by the ongoing crisis in the Middle East and its key oil chokepoint, the Strait of Hormuz.
Saudi Arabia reported to OPEC that it increased crude oil production by just over 1 million barrels a day (MMbpd) last month, a reflection of the recovery among Persian Gulf producers during a brief ceasefire in the Iran war.
Despite the ongoing stalemate in the U.S.-Iran talks and persistent risks to shipping in the Middle East, oil prices fell in Asian trading on Thursday, weighed down by cuts to 2026 oil demand forecasts from both OPEC and the International Energy Agency.
A drone has struck a power station at the Zawiya oil export terminal in Libya, suggesting continued attacks on one of the country’s main oil hubs.
TechnipFMC has secured a “significant” contract from Azule Energy to supply flexible flowlines and risers for the West Hub Tails project offshore Angola, the company announced on Tuesday.
José Carlos Figueiredo, managing partner of Kianda Naval, talks to The Energy Year about building up Angola’s shipbuilding capabilities and the cost advantages enabled by local manufacturing and maintenance.
The government has identified reversing Ghana’s declining oil production and increasing gas supply for domestic consumption as key priorities for the upstream petroleum sector, Energy and Green Transition Minister Dr John Abdulai Jinapor has said.