An unofficial draft of a U.S.-Iran interim peace deal says maritime traffic through the Strait of Hormuz can return to normal within a month of the agreement being finalized, according to Iranian state television.
The Tema Oil Refinery (TOR) has taken delivery of about one million barrels of Bonga crude oil, a development seen as a significant push in its ongoing efforts to restore full-scale operations and strengthen Ghana’s downstream petroleum stability.
Trident Energy is expanding its offshore position in the Republic of Congo following its 2025 acquisition of stakes in the Nkossa, Nsoko II, Lianzi and Moho-Bilondo fields, as the company applies a mature-asset redevelopment strategy previously used in Equatorial Guinea.
China’s top offshore crude oil and natural gas producer, CNOOC, on Wednesday announced the launch of full production from phase one development of the Kenli 10-2 oilfield in the south Bohai Sea.
Strohm has secured its first contract in Egypt to supply a thermoplastic composite pipe (TCP) flowline for a West Delta Deep Marine (WDDM) gas development project offshore Egypt operated by Burullus Gas Company.
For decades, Africa’s place in the global oil economy was not merely subordinate; it was designed to be so.
Afentra has been awarded a licence and 35% operated interest in the KON 4 block in Angola’s onshore Kwanza Basin, the company announced on Wednesday.
ATHENS, Greece, May 25, 2026 /PRNewswire/ — Mercuria Energy (“Mercuria”) and Motor Oil Hellas (“MOH”) today signed a Memorandum of Understanding (“MOU”) establishing a framework for long-term cooperation in connection with the Dioriga Gas Floating Storage and Regasification Unit (“FSRU”) project in Greece’s Saronic Gulf.
Two liquefied natural gas carriers and a supertanker have traversed the Strait of Hormuz over the past couple of days, with the LNG vessels heading for Pakistan and China, and the tanker, loaded with Iraqi crude, is en route to China.
Egypt, ExxonMobil and QatarEnergy signed an MoU last week to study the potential development and commercialisation of gas discoveries in Cyprus through Egypt’s existing gas and LNG export infrastructure, according to a leading energy journal.