XRG will increase its equity position in the Rio Grande LNG export project in Texas, expanding its exposure to one of the world’s largest LNG developments and strengthening its North American gas portfolio.
Dana Gas and Crescent Petroleum, together with partners in the Pearl Petroleum consortium, have signed a series of long-term gas sales agreements to supply industrial customers in the Kurdistan Region of Iraq, marking a key step toward commercial development of the Chemchemal gas field.
Nigeria National Petroleum Company Limited and Chevron Nigeria Limited, through their joint venture NNPCL/CNL JV, have made an oil discovery in the Awodi-07 offshore well in Nigeria’s Niger Delta, the companies announced on Friday.
India’s liquefied natural gas importers are holding up some deals spanning decades as they push to lock in cheaper prices, hoping that a surge in supply will tilt negotiations in their favor.
Despite two decades of being handed preferential access to global markets, Nigeria remains trapped in oil dependence as many deals fail to deliver the much-needed diversification.
Libya has signed a 25-year oil development deal with TotalEnergies and ConocoPhillips, expected to generate more than USD 20 billion in foreign investment, Reuters reported on Saturday.
Libya’s energy sector is rebounding, attracting global investors and signaling a renewed commitment to production expansion, gas monetization and long-term partnerships. At the Libya Energy&Economic Summit (LEES) 2026 in Tripoli on Saturday, officials outlined a clear roadmap for growth, reform and regional collaboration.
Italian oil and gas major Eni has signed a binding agreement to sell a 10% stake in the Baleine offshore oil and gas project in Côte d’Ivoire to SOCAR, the State Oil Company of the Republic of Azerbaijan.
Azerbaijani President Ilham Aliyev met Russell Hardy, Chief Executive Officer of Vitol, on January 21 on the sidelines of the World Economic Forum in Davos, with discussions focusing on energy cooperation and supplies to Europe.
The world’s oil demand growth is set to rise by 930,000 barrels per day (bpd) in 2026, thanks to lower oil prices and a normalization of economies after the 2025 tariff chaos, the International Energy Agency (IEA) said on Wednesday, raising its demand growth estimate by 70,000 bpd from last month