PetroChina Co. is weighing options to sell part of its shares in LNG Canada Development Inc. to help fund a planned expansion, according to people familiar with the matter.
bp has agreed to bring Türkiye Petrolleri Anonim Ortaklığı (TPAO) into its Kirkuk redevelopment project in northern Iraq, with the Turkish national oil company acquiring a 15% interest in BP Energy Company of Kirkuk Limited (BP ECKL).
Kistos maintained its full-year 2026 production guidance following strong operational performance during the first half of the year, while advancing development projects in the North Sea and progressing acquisitions of upstream assets in Oman.
Australian federal and state governments and industrial company Perdaman Group will study the feasibility of a new oil refinery in a move to rebuild domestic capacity after the Iran war highlighted the nation’s dependence on imported fuels.
With Venezuela introducing sweeping reforms to its hydrocarbons sector and renewed international interest gathering pace, the Venezuela Energy Week London Industry Showcase will bring together policymakers, investors and industry leaders on July 30 to examine how the country’s evolving investment landscape is reshaping opportunities across the oil and gas value chain.
The Centre is drawing up an incentive package worth Rs 80,000 crore to boost domestic oil and gas production in India. The government could cover up to 50% of the drilling costs of deep water exploratory wells. The plan aims to attract foreign investment, accelerate offshore oil and gas exploration, and strengthen energy security.
First offshore oil and gas permit since the ban reversal goes to an Australian explorer off Taranaki
The Government has granted the first new offshore petroleum exploration permit since it tore up the 2018 ban, handing an Australian company a 12 year search over a block of seabed off Taranaki.
Eni and TotalEnergies have reached a final investment decision (FID) to develop the Cronos gas field offshore Cyprus, advancing the country’s first natural gas project and establishing a new LNG export route from the Eastern Mediterranean to European markets.
Libya’s National Oil Corporation (NOC) and Shell are developing a comprehensive strategy to improve the country’s gas sector and unlock greater value from its natural gas resources.
India has started drilling the first appraisal well in the Mahanadi Offshore Basin — a move that will expand the country’s upstream push in the deep-water segment and potentially unlock new oil and gas reserves, according to a petroleum ministry statement July 25.