Africa has emerged as the center of a global upstream acreage rush. That’s what Enverus Intelligence Research (EIR) said in a statement sent to Rigzone on Wednesday, which noted that the continent has captured nearly half of new upstream country entries globally “as operators broaden exploration portfolios”. EIR, which is a subsidiary of Enverus, highlighted […]
PETRONAS, the Employees Provident Fund (EPF) and the founding Lim family of Yinson Holdings Bhd (KL:YINSON) are in talks to take private the oil-and-gas firm, sources said. The three parties are forming a consortium to buy out Yinson that owns one of the world’s largest fleets of floating production storage offloading (FPSO) vessels, according to […]
Trump administration officials are working on a deal to secure long-term access to a portion of Venezuela’s crude reserves, sources with knowledge of the negotiations said on Thursday, a move that could ultimately lower the cost of oil imports. The agreement, which could be signed and made public soon, is expected to operate in a […]
Shell has received a number of bids for parts of its US chemicals business, including from ExxonMobil, LyondellBasell, private equity firm Apollo Global Management and the chemicals arm of Kuwait Petroleum Corporation, according to the Financial Times.
Japan plans to support the construction of pipelines that bypass the Strait of Hormuz after the US-Iran war laid bare the country’s vulnerability to disruptions in Middle Eastern oil supplies.
Kuwait and Qatar – two of the Persian Gulf’s smaller oil producers – are sending more crude through the Strait of Hormuz, adding to an increase in shipments that are keeping global prices in check.
Eni and partners bp and Egyptian General Petroleum Corp. (EGPC) are working toward a final investment decision (FID) for the Denise West gas discovery offshore Egypt within the next few months, targeting first gas in less than two years.
CNOOC Limited produced a record 398.7 MMboe in the first half of 2026, up 3.7% year over year, as new offshore projects and exploration gains supported production growth in China and overseas.
Technip Energies has secured a detailed engineering contract from Larsen & Toubro Energy Hydrocarbon (LTEH) for a major ADNOC Offshore project in the United Arab Emirates.
Eco (Atlantic) Oil & Gas and Navitas Petroleum estimate that Block 1 CBK offshore South Africa contains more than 3.6 Bbbl of unrisked prospective oil resources and approximately 4.5 Tcf of prospective natural gas resources.