Oil fell after the close, wiping out a day of gains after US President Donald Trump said he had been assured that Iran would stop killing protesters, signaling he could hold off on a threatened military response to the repression of widespread demonstrations in the nation.
MidOcean Energy LLC, a liquefied natural gas company founded by EIG, is in talks to join Argentina’s signature LNG venture, according to people familiar with the matter.
TotalEnergies has signed an agreement to sell its 10% interest in a Nigerian joint venture, the company said on Monday.
Ghana said it had cleared $1.47 billion worth of energy sector debt.
Global oil prices surged on Tuesday as markets reacted to the escalating drone strikes at the Novorossiysk terminal, which handles roughly 2% of the world’s daily supply. The disruption to the Caspian Pipeline Consortium (CPC) infrastructure, a vital artery for Kazakh exports managed by Western majors like Chevron and Shell, raised immediate fears of a prolonged supply squeeze.
Russia on Tuesday asserted ownership of all oil assets a state Russian company is developing in Venezuela, following the claims of U.S. President Donald Trump that major American and Western oil firms would help revive Venezuela’s oil industry.
Norway on Tuesday offered 57 new production licenses to 19 companies in the annual licensing round for acreage in the best-explored areas on the Norwegian continental shelf, as Western Europe’s biggest oil and gas producer looks to maintain the current high level of output for years to come.
Oil prices pushed higher on Tuesday afternoon, with traders weighing a familiar but combustible mix of Middle East risk and Washington-driven policy uncertainty.
Crude oil imports into China last year hit the highest ever, reaching 11.55 million barrels daily, or a total of 557.73 million tons, up 4.4% on 2024, Reuters reported today, citing official statistics. The December total was also a record high, the data showed, at an average daily of 13.18 million barrels for a total of 55.97 […]
Arabian Drilling has secured three land rig contract extensions in Saudi Arabia worth USD 373 million, extending its backlog by 25 rig years, the company announced on Tuesday. Of the rigs subject to extensions, one is currently operational, and another is projected to begin operations by the end of January 2026. A third is currently under […]