Equinor ASA said Monday it had made an oil discovery near the Snorre field, on Norway’s side of the North Sea, that could be rapidly developed as a tieback to existing infrastructure in the area. The Norwegian majority state-owned energy major put the preliminary estimate for Omega South Alpha, or well 34/4-19 S, at 25-89 […]
Qatar shut down liquefied natural gas production at the world’s largest export facility after it was targeted in an Iranian drone attack, sending European gas prices surging more than 50% and rattling global energy markets. QatarEnergy’s Ras Laffan plant covers about a fifth of global LNG supply and the unprecedented halt now threatens energy security […]
Qatar shut down liquefied natural gas production at the world’s largest export facility after it was targeted in an Iranian drone attack, sending European gas prices surging more than 50% and rattling global energy markets. QatarEnergy’s Ras Laffan plant covers about a fifth of global LNG supply and the unprecedented halt now threatens energy security worldwide. […]
Aramco halted operations at Saudi Arabia’s largest oil refinery at Ras Tanura on the Persian Gulf coast after a drone strike in the area. Gasoil futures jumped on news of the closure of the refinery that’s a key supplier of diesel, as Iran intensified attacks that damaged critical energy infrastructure in the region. Aramco shut […]
INPEX Corporation has signed a share purchase agreement to acquire the remaining 49% stake in INPEX South West Caspian Sea Petroleum Co., Ltd. (ISWCS), making it a wholly owned subsidiary. The shares are being acquired from Japan’s Ministry of Economy, Trade and Industry (METI) through an open bid process. Financial terms were not disclosed. Through ISWCS, […]
OceanPact and CBO have announced plans to combine their businesses in a transaction that will create one of Brazil’s largest integrated offshore support and marine services platforms. The merger will be implemented through the incorporation of CBO’s holding company into OceanPact, subject to approval by Brazil’s antitrust authority (CADE), shareholder approvals and customary closing conditions. Upon completion, the […]
Oil prices posted their largest single-day gain in four years as conflict in the Middle East disrupted tanker traffic through the Strait of Hormuz and heightened concerns about supply from one of the world’s most critical producing regions. Brent crude climbed roughly 9% after briefly topping $80/bbl, while diesel futures jumped more than 20% at […]
WhiteHawk Energy, LLC has entered into a definitive purchase and sale agreement to acquire natural gas mineral and royalty interests covering approximately 150,000 gross unit acres in the core of the Haynesville shale in Louisiana and East Texas. The assets include interests associated with roughly 500 producing natural gas wells and approximately 1,000 wells-in-process, permitted wells and undeveloped […]
Nigeria is moving to channel a larger share of oil and gas revenue into state coffers as part of broader fiscal reforms aimed at strengthening public finances and improving transparency in the upstream sector.
Between 2000 and 2024, China channelled $66.1 billion into Africa’s energy sector, financing power plants, oil and gas projects, transmission infrastructure, and renewable energy developments across the continent.