The tightened U.S. sanctions on Iranian oil flows under the Trump Administration’s renewed maximum pressure campaign have created chaos in Iran’s oil exports to its single biggest buyer, China.
Operations at Saudi Arabia’s Jafurah shale gas field – the country’s largest unconventional non-oil associated gas site and arguably one of the biggest outside the U.S. – will begin this year, according to a comment last week from Saudi Aramco’s president and chief executive officer, Amin Nasser.
Russia is to restart its key oil and gas operations in the semi-autonomous Kurdistan Region of Iraq (KRI) according to recent comments from its Energy Minister Sergei Tsivilev.
Whitecap Resources and Veren have agreed to merge in a US$10.4 billion (C$15 billion) deal that will create a leading Canadian light oil and condensate producer, the companies said on Monday.
Evolution Petroleum Corporation said it is acquiring non-operated oil and natural gas assets in New Mexico, Texas, and Louisiana for a total purchase price of $9 million, subject to customary closing adjustments.
Naftogaz Group and ORLEN SA have signed a memorandum of cooperation in the liquefied natural gas (LNG) sector to help Ukraine diversify its energy supply.
Egypt’s energy sector is experiencing a new wave of optimism as the country steps up efforts to attract foreign investment in its oil and gas industry.
Evaluation of logging data and formation pressure measurements confirm approximately 34 meters of pay in an overall hydrocarbon column of 45 meters in the Gamba formation, making it the largest hydrocarbon column discovered to date in the Dussafu license. The well was drilled by the Norve jack-up rig to a total depth of 4,135 meters.
Oil prices held steady on Monday as concern over the impact of U.S. tariff uncertainty and rising output from OPEC+ producers pressured prices while potential sanctions on Iranian oil exports provided some support.
When the Labour Party of Keir Starmer won the latest UK elections, it vowed to stop new oil and gas exploration. The Starmer cabinet has stayed true to its word on that—but it is looking for ways to boost production through other means.