India is set to import the most crude from Saudi Arabia in more than six years this month, as the South Asian nation faces sustained US pressure to reduce purchases of Russian barrels. Shipments from Saudi Arabia are set to rise to 1 million to 1.1 million barrels a day, the highest since November 2019, […]
The US Bureau of Ocean Energy Management has announced plans for its third offshore oil and gas lease sale in the Gulf of America under the One Big Beautiful Bill Act, scheduled for August 12, 2026, Reuters reported on Wednesday. The proposed BBG3 lease sale will offer around 15,066 blocks covering 80.4 million acres (more […]
Cameroon has opened bidding for nine oil and gas blocks as part of its 2025–26 licensing round, offering acreage across two established hydrocarbon provinces with proposals due by March 30, 2026. The tender, managed by Société Nationale des Hydrocarbures (SNH), includes three blocks in the Rio del Rey basin—Ndian River, Bolongo Exploration and Bakassi—and six […]
bp has renewed a long-term offshore operations and maintenance contract in Azerbaijan’s Caspian Sea covering eight production platforms across its operated Azeri Chirag Gunashli (ACG) oil field and Shah Deniz gas development. The renewed agreement with Turan Drilling & Engineering Company LLC—a joint venture between SOCAR AQS and Helmerich & Payne—has an initial term of five years, with three […]
Guyana is accelerating efforts to diversify its economy and expand domestic energy infrastructure as offshore oil production continues to drive rapid economic growth, according to President Irfaan Ali. Speaking in Georgetown, Ali said the government is using rising revenue from ExxonMobil-operated offshore developments to fund infrastructure, power generation and industrial projects aimed at reducing long-term […]
Chariot Plc plans to raise approximately $20 million through an equity placing and subscription to help finance the acquisition of a producing oil interest offshore Angola, the company announced. The Africa-focused energy company is working with Shell Trading and Etu Energias to support Etu’s acquisition of a working interest in Blocks 14 and 14K offshore Angola, which currently produce […]
U.S. Energy Secretary Chris Wright has issued a one-year deadline for the International Energy Agency (IEA) to abandon its net-zero emissions agenda or risk the United States withdrawing from the organization. Speaking at an IEA ministerial meeting in Paris, Wright criticized IEA’s goal for the world to achieve net zero by 2050 as a “destructive illusion” with […]
Nigeria is moving to channel a larger share of oil and gas revenue into state coffers as part of broader fiscal reforms aimed at strengthening public finances and improving transparency in the upstream sector. Under a new directive signed this month, all income from production-sharing contracts will be paid into the Federation Account rather than being […]
ExxonMobil positions its CCS network as a solution for reducing carbon emissions from key industrial sites along the US Gulf Coast.
The Government of Saskatchewan raised just over $7 million in its final Crown oil and natural gas public offering of the 2025-26 fiscal year.