Japan is considering ramping up coal-fired power generation amid a liquefied natural gas crunch that has led to significantly higher prices.
Aker BP’s 2025 Annual Report confirms what the market has been sensing for months: this was not a peak year—it was a transition year.
Production held firm, costs remained low, and shareholder payouts continued. But weaker realized oil prices and impairments drove a sharp drop in earnings, even as the company doubled down on a capital-intensive growth pipeline aimed at the late 2020s.
Argentina no longer faces a $16.1 billion court-ordered payment tied to the 2012 nationalization of state-owned oil company YPF.
President Donald Trump has suggested the United States may try to take over Iran’s oil the way it did with Venezuela’s, per a Financial Times interview.
Higher oil prices driven up by the conflict in the Middle East stand to push some of America’s biggest shale producers to start adding drilling rigs in the second half of this year and more than 100,000 bpd of increased output by 2027, according to Citigroup Inc.
The United Arab Emirates is ramping up crude exports from Fujairah as operators restore loading capacity following Iranian drone strikes, using the port as a key outlet to bypass the Strait of Hormuz.
INPEX and Formentera Partners have formed a joint venture to accelerate development of shale gas resources in Australia’s Beetaloo basin, marking a step forward in efforts to scale domestic supply and support future LNG exports.
Equinor has started drilling operations for the Raia development in Brazil’s Campos basin, marking a key step forward for one of the country’s largest offshore natural gas projects.
During the third day of CERAWeek by S&P Global 2026, Devon Energy President & CEO Clay Gaspar engaged in a wide-ranging conversation with Raoul LeBlanc, Vice President for Upstream at S&P Global. They touched on his first year in his current position, his operating philosophy, the impact of the recently announced merger with Coterra Energy, and the potential impact of AI.
Condor Energy has identified deep-water turbidite reservoir systems across its Technical Evaluation Agreement (TEA-86) acreage in the Tumbes Basin offshore Peru, following an accelerated programme of integrated subsurface studies. The findings address a key exploration uncertainty and support the company’s application to convert its TEA into an exploration licence contract. The integrated technical programme combined […]