Oil futures erased earlier declines after US forces intercepted and seized a sanctioned oil tanker off the coast of Venezuela, a move that marks a major escalation of tensions between the two countries.
CNOOC Ltd has started production in the Weizhou 11-4 Oilfield Adjustment and Satellite Fields Development Project in the Beibu Gulf Basin of the South China Sea
Shell Plc is planning to dissolve a partnership with Russia’s Rosneft PJSC through which the two oil giants jointly own a stake in a pipeline from Kazakhstan
Naftogaz Group has secured a fresh UAH 5 billion ($118.82 million) loan from local bank JSC CB PrivatBank to procure more natural gas for Ukraine.
Nigeria’s state oil firm NNPC and local producer Heirs Energies have signed a deal to capture and use the gas flared at their onshore OML 17 joint venture in a bid to monetize the resource and reduce flaring
The West African Gas Pipeline Company (WAPCo), says it has achieved
record-breaking operational performance for 2025, with gas delivery reaching all-time high of 217,000 mmbtu per day in November, the highest in the company’s history.
The Ghanaian company, Cybele Energy, bid US$17 million upfront for a shallow water well that the company believes contains at least 400 million barrels of oil but the final figure depends on further studies, officials said on Tuesday.
Iran is open to international partnerships in the oil and gas industry, offering “golden investment opportunities” in the area, oil minister Mohsen Paknejad said this week, during a meeting with a senior Belarusian official.
Japan’s JERA has signed its first long-term LNG supply agreement outside Japan with India’s Torrent Power, JERA announced on Monday.
Anwar Al Kharusi, commercial chief executive of OQEP, and Jaber Al Noumani, CFO, talk to The Energy Year about the company’s involvement in Oman’s upstream landscape. OQEP holds a diverse portfolio of upstream assets in Oman and is the country’s largest pure-play oil and gas exploration and production company.