Top EU officials said Friday that oil and gas prices are expected to remain elevated through at least the end of 2027, with the fallout from the Iran war likely to keep pressure on inflation and economic growth.
African Energy Chamber is promoting expanded upstream collaboration between African and South American energy companies ahead of the upcoming ARPEL Conference in Buenos Aires, Argentina.
Subsea7 has secured a substantial contract from Vår Eneri for the Goliat Gas Export Project in the Barents Sea offshore Norway.
The U.S. and Iran are moving closer to a potential agreement that could reopen the Strait of Hormuz, though negotiators remain divided on key provisions tied to sanctions relief, uranium enrichment and enforcement measures.
Energy Minister John Jinapor says Ghana’s petroleum production is expected to rebound after five years of decline, following new investment agreements with Eni and Jubilee Partners aimed at boosting output and strengthening the oil and gas sector.
The US Energy Information Administration warns that a prolonged closure of the world’s most critical oil chokepoint could send Brent crude to $125-$130 per barrel, with ripple effects across inflation and monetary policy.
Chinese state oil giant Sinopec is opening a major ultra-deep shale gas find after obtaining official government approval for proven geological reserves of 235.687 billion cubic meters in the Ziyang Dongfeng field in the Sichuan province.
Canada may finally be doing the thing everyone has been yelling about for the last decade: building more oil pipelines.
The Bureau of Land Management is teeing up another round of federal oil and gas leasing, with 66 parcels across Montana and North Dakota headed for auction in July as Washington continues pushing a noticeably more drill-friendly agenda.
Marius Koffi, Côte d’Ivoire operations lead for the Oilfield Engineering and Services Group (OESG), talks to The Energy Year about renewed interest in Côte d’Ivoire among global companies following high-profile offshore discoveries and growing the company into an integrated upstream services provider.