The State Oil Company of the Azerbaijani Republic (SOCAR) and Gran Tierra Energy Inc. have signed a production sharing agreement (PSA) covering exploration and development of a prospective onshore block in Azerbaijan’s Guba-Caspian region.
The ratcheting up of tensions between the United States and Iran could push an already red-hot supertanker market even higher with rates soaring to the highest level since 2019, analysts say.
A jump in China’s crude oil imports from Russia is more than compensating the withdrawal of the Indian refiners from spot Russian purchases, according to tanker-tracking data
If there was any lingering doubt about what’s keeping Big Oil executives up at night, the fourth-quarter results cleared it up. It’s not slogans. It’s not transition optics. It’s whether they have enough high-quality barrels to avoid production decline in the 2030s.
Europe is on track to break its previous record for monthly LNG imports in February, with Kpler forecasting a total of 14.20 million tons amid fast-depleting gas inventories.
Canada’s oil patch is ripe for a mega merger, analysts say, after a bumper year for deals has left relatively few smaller targets available.
ConocoPhillips is exploring a sale of some of its Permian basin assets as part of a broader streamlining of its portfolio, according to people familiar with the matter.
Oil company Tullow Oil has today announced a broad capital revamp and a series of deals to deepen its presence in West Africa, as the heavily indebted firm moves to steady its operations and secure longer-term growth.
Africa-focused independent oil and gas firm Tullow Oil has signed a sale and purchase agreement to acquire the floating production, storage and offloading (FPSO) vessel serving the TEN fields on the Deepwater Tano Block offshore Ghana, in a move aimed at reducing costs and improving long-term field economics.
Ghana has formally initiated international arbitration proceedings to resolve its longstanding maritime boundary dispute with neighbouring Togo, signaling a shift from diplomatic negotiations to legal adjudication under international law