Nigeria has slashed entry fees for its 2025 oil licensing round, reducing signature bonuses to between $3 million and $7 million as the government seeks to revive production and draw fresh capital into the upstream petroleum sector.
Kazakhstan has filed a formal bid with the U.S. Treasury seeking authorization to buy out the Kazakh assets of Russia’s sanctioned oil firm Lukoil, Kazakhstan’s Energy Minister Yerlan Akkenzhenov said on Wednesday.
UK-based supermajors Shell and BP are seeking U.S. licenses to develop gas fields that Trinidad and Tobago shares with Venezuela, the Caribbean island’s Energy Minister Roodal Moonilal said on Wednesday.
Several energy companies imported liquefied natural gas into the United States, with the unusual move prompted by surging demand for energy and heating pushing gas prices to all-time highs.
Atlantic LNG in Trinidad and Tobago will begin decommissioning one of its four liquefaction trains in Q4 2026 due to a shortage of feed gas, Reuters reported on Tuesday.
SLB has secured two five-year contracts from Petroleum Development Oman (PDO) to supply wellheads and artificial lift systems for Block 6, SLB announced on Wednesday.
In its latest short term energy outlook (STEO), which was released on January 13, the U.S. Energy Information Administration (EIA) projected that U.S. total energy consumption will drop in 2026 and rise in 2027
India is on track to import record-high volumes of crude oil and condensate in January as refiners boost non-Russian purchases to replace barrels lost to U.S. sanctions, energy flow tracking firm Vortexa said in a report on Wednesday
India has more work to do in order to satisfy US concerns about its purchases of Russian oil and secure tariff relief, President Donald Trump’s trade representative said.
Oil traders are paying a premium for bullish call options for the longest stretch in about 14 months as they huddle in the options market to protect against the risk of a new confrontation between the US and Iran.