Saipem has reached an agreement on the main terms to acquire the seventh-generation drillship Deep Value Driller for $272.5 million, a move aimed at strengthening the company’s offshore drilling fleet.
Major oil producer Kazakhstan plans to commission a new refinery by 2033 to eliminate domestic fuel shortages and become a net fuel exporter, The Caspian Post reports, citing Vice Minister of Energy, Kaiyrkhan Tutkyshbayev.
Dangote Group has made significant strides in expanding its refinery and petrochemical operations with two major agreements, collectively worth $750 million.
Nigeria would be saving up to $10 billion annually in foreign exchange previously spent on fuel imports as Dangote Refinery sustains capacity production
Woodside Energy Group Ltd said Monday its proven and probable (2P) reserves grew last year, with three billion barrels of oil equivalent (Bboe) remaining at yearend.
Eni has announced a significant gas and condensate discovery at its Murene South-1X well in Block CI-501 offshore Côte d’Ivoire, confirming the broader potential of the Calao channel complex and marking one of the country’s largest hydrocarbon finds to date.
The OFAC issued general licences to Chevron, bp, Eni, Shell and Repsol for operating oil and gas projects in Venezuela.
An expected increase in US natural gas production will be driven by mainly by Appalachia, Haynesville, and Permian regions.
Italy’s Eni and the United Kingdom’s BP have confirmed a fresh 500 million-barrel oil discovery offshore Angola, reinforcing the Southern African nation’s efforts to strengthen crude production amid sustained output pressure and shifting global energy flows.
Nigeria’s Dangote Refinery processed a record 40.1 million litres of crude per day in January, representing 57% of tthe otal supply and marking a 25% increase from 32 million litres in December 2025. The refinery now supplies 62% of the country’s Premium Motor Spirit, overtaking fuel importers for the first time ever. The giant plant–the world’s largest single-train refinery–finally reached full operational capacity at 650,000 bpd, marking an important milestone in Nigeria’s efforts to cut reliance on imported fuel.