Oil prices climbed in early Asian trading on Monday as Israeli troops moved further into Lebanon over the weekend and the U.S. hit targets in Iran, adding fuel to fears that the broader Middle East conflict is moving toward escalation rather than a peace deal.
Chevron has filed a request to buy 70% in an oil and gas exploration block offshore southwest Greece in what would be another step in the U.S. supermajor’s expansion in the Eastern Mediterranean.
Japanese commodities major Mitsui is looking for investment opportunities in liquefied natural gas to secure the long-term supply of electricity for the booming data center industry.
The U.S. federal government has extended the deadline for talks between Lukoil and potential buyers of its foreign business by another month, until June 27, suggesting the forced divestment process is turning out to be more complicated than maybe hoped for.
The US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on Tehran’s nuclear program, a person with knowledge of the matter said, raising hopes the three-month conflict could be nearing a resolution.
EZOps has launched a new artificial intelligence feature designed to streamline task creation and field data capture across oilfield operations.
SLB and Vår Energi are expanding their digital collaboration across the Norwegian Continental Shelf as the companies work to accelerate well planning and integrated field development activities for offshore projects.
South Africa’s Transnet National Ports Authority (TNPA) has executed a 25-year terminal agreement with Ukwanda LNG for a regasification project at the Port of Ngqura.
The West African country of Ghana is moving ahead with a second major gas-to-energy project despite the many troubling experiences encountered during its first, a situation that mirrors Guyana’s own struggles with the controversial Wales Gas-to-Energy Project.
Impact Oil and Gas announced on Monday it will separate its Namibian exploration and development business from its South African exploration portfolio in a corporate reorganisation backed by principal shareholders Deepkloof and Meren Energy.