Top EU officials said Friday that oil and gas prices are expected to remain elevated through at least the end of 2027, with the fallout from the Iran war likely to keep pressure on inflation and economic growth.
African Energy Chamber is promoting expanded upstream collaboration between African and South American energy companies ahead of the upcoming ARPEL Conference in Buenos Aires, Argentina.
Subsea7 has secured a substantial contract from Vår Eneri for the Goliat Gas Export Project in the Barents Sea offshore Norway.
The U.S. and Iran are moving closer to a potential agreement that could reopen the Strait of Hormuz, though negotiators remain divided on key provisions tied to sanctions relief, uranium enrichment and enforcement measures.
Energy Minister John Jinapor says Ghana’s petroleum production is expected to rebound after five years of decline, following new investment agreements with Eni and Jubilee Partners aimed at boosting output and strengthening the oil and gas sector.
Oil market participants are increasingly pricing crude to be capped near $100 a barrel over the next year, as demand is forced to slow down to counter millions of barrels of supply losses caused by the US-Iran war. That’s one of the conclusions from a Bloomberg Intelligence survey that received 126 responses this month from […]
BP PLC has signed three new production sharing contracts (PSCs) in Indonesia, which it said present potential for fast-tracked development. Two of the PSCs, the Bintuni and Drawa exploration blocks, sit near the BP-operated Tangguh LNG in Papua Barat province, a six-field project that started production 2009 and is now producing up to 11.4 million […]
What would the implications be for the oil market if Iran decided to permanently tax/toll traffic through the Strait of Hormuz? According to Howard Shatz, a senior economist at RAND and a professor of policy analysis at the RAND School of Public Policy, if the U.S.-Iran conflict led to a permanent tax or toll in […]
ADNOC has deployed an autonomous heavy-duty inspection robot at its Taweelah Gas Compression Plant in the UAE as part of a broader push to expand artificial intelligence, robotics and automated safety systems across operations. Developed by Taurob, the robot is designed to conduct inspections in hazardous industrial environments while reducing personnel exposure to operational risks. According […]
The Independent Petroleum Association of America (IPAA) is supporting new legislation introduced by Senator Cynthia Lummis and Congressman August Pfluger aimed at easing emissions compliance requirements for low-production oil and gas wells. The proposed “Protect Domestic Oil and Gas Small Business Act” would shift responsibility for developing performance standards for marginal wells from the federal […]