China has pledged to increase its domestic oil and gas supplies to 440 million tons of oil equivalent, while expanding its long-distance pipeline network by an additional 20,000 kilometers, bringing the national total to 220,000 kilometers by 2030. These targets, unveiled on Monday by the National Development and Reform Commission (NDRC) and the National Energy […]
Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, adding to its push to increase production in sub-Saharan Africa through infrastructure-led exploration, Reuters reported.
A Ghanaian energy company has raised more than half a billion dollars to fund ongoing natural gas-based power projects and pursue new opportunities in West Africa. Genser Energy secured a €456 million ($527 million) credit package arranged by three of South Africa’s top banks First Rand Bank, Absa and Standard Bank, company founder and CEO […]
Arrow Exploration has acquired a 100% working interest in an oil property in Alberta’s Thorsby area from an undisclosed seller for approximately USD 8.9 million, the company announced on Thursday.
YPF, Eni and XRG have submitted their $51 billion Argentina LNG project for approval under Argentina’s Large Investment Incentive Regime (RIGI), advancing plans to develop Vaca Muerta natural gas for large-scale LNG exports.
Ghana National Petroleum Corporation (GNPC) and its subsidiaries recorded revenue of $1.64 billion in 2025, up 3.66% from $1.58 billion a year earlier, as the state oil company stepped up efforts to stem declining crude production and bring new petroleum resources into development.
Petrobras has identified hydrocarbons in a deepwater exploratory well off the coast of Amapá in northern Brazil, the company announced on Friday.
Philippine President Ferdinand Marcos Jr. said Friday there is a “distinct possibility” that the Philippines and China could undertake joint oil and gas exploration in the South China Sea, amid recent confrontations between the two countries in the South China Sea.
Adnoc Gas was behind two of the largest entries on Upstream’s compilation of contract awards this week, with the Abu Dhabi giant’s final investment decision on the second and third phases of its Rich Gas Development (RGD) project yielding contracts worth up to $8.2 billion.
The Federal Government has introduced a major fiscal incentive for new deep offshore oil and gas projects, allowing qualifying developments to restart the profit-oil sharing scale at 70:30 in favour of contractors, even where existing production in the same contract area has already moved to a higher government share.