Egypt plans to drill 480 exploratory wells with total investments estimated at $5.7bn over the next five years, Minister of Petroleum and Mineral Resources Karim Badawi said on Monday, as the country seeks to reverse a decline in natural gas output.
Eni’s latest discovery in Indonesia reinforces the Kutei Basin’s reputation as one of the hottest global exploration plays of recent years.
New Delhi, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri on Monday said that the production at the Ashoknagar Oil Field project in West Bengal would start soon, with both ONGC and the state government making efforts to finalise the lease deed.
Noorulhaq Anwar, Director General of Administrative Affairs, announced on Sunday that the Islamic Emirate has approved plans to create an independent oil and gas authority.
The benefits of alternative fuels are less pollution, fewer greenhouse-gas emissions, and cleaner seas and skies.
Crude oil and gasoline prices are under pressure today, with crude oil falling to a 1.75-month low and gasoline posting a 4.75-year nearest-futures low.
Stanbic Bank Ghana has emphasized that a solid and predictable financial structure remains the most decisive factor in determining whether an energy project can attract investment. This is according to Malaika Bakar, Senior Vice President for Energy and Infrastructure at Stanbic Bank Ghana.
OPEC kept forecasts for global oil supplies and demand in 2026 steady, pointing to a balanced world market that clashes with widespread predictions of a surplus.
Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today announced that, at a special meeting of Vital Energy stockholders held today, the stockholders of the Company approved the previously announced merger (the “Merger”) between Vital Energy and Crescent Energy Company (“Crescent”). Vital Energy will file the final vote results for its special meeting on a Form 8-K with the U.S. Securities and Exchange Commission (the “SEC”). The Merger is anticipated to close on December 15, 2025.
he government has notified the Petroleum and Natural Gas Rules, 2025, introducing a modern regulatory framework designed to draw higher investment into India’s oil and gas sector and improve ease of doing business. Issued under the recently enacted Oilfields (Regulation and Development) Amendment Act, 2025, the rules overhaul the licensing regime and replace the older system of multiple permissions with a single petroleum lease for exploration, development and production of all hydrocarbons, including shale.