ConocoPhillips, TotalEnergies SE and Libya’s National Oil Corp (NOC) have signed an agreement extending the onshore Waha concessions to December 2050.
French energy giant TotalEnergies has restarted construction of a $20 billion liquefied natural gas (LNG) project in Mozambique after being forced to pause operations indefinitely due to escalating violence in the region, according to Al Jazeera.
In a market comment sent to Rigzone on Thursday, Mazen Salhab, Head of Market Research at MH Markets, highlighted that oil prices “remain elevated and volatile … as the market prices supply risk and demand uncertainty at the same time”.
OKEA ASA and its partners have discovered more hydrocarbon deposits in the producing Brage field on Norway’s side of the North Sea.
President Donald Trump warned Iran to make a nuclear deal with the US or face military strikes far worse than the attack he ordered last June, increasing pressure on the regime and propelling oil prices higher.
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 2.3 million barrels from the week ending January 16 to the week ending January 23.
Venezuela’s interim leader is playing to three different audiences with her plans for Venezuela’s oil sector: foreign investors, the Donald Trump administration, and her own socialist supporters. None of them is happy with it.
Ukraine is ready to halt strikes on energy infrastructure if Russia agrees to abide by a US proposal for a weeklong truce, President Volodymyr Zelenskiy said.
Malaysia’s Petronas plans to boost exploration, deepwater development, and enhanced oil recovery over the next three years as it looks to maintain its domestic oil and gas production stable at about 2 million barrels of oil equivalent per day (boepd), the state energy giant said in its 2026-2028 activity outlook on Thursday.
The Mozambique LNG project is a landmark development in the country’s emerging natural gas sector, aiming to monetise significant offshore gas reserves discovered in Area 1 of the Rovuma Basin.