Treasury Secretary Scott Bessent reaffirmed that the US would not renew general licenses that allowed for the temporary sale of certain Russian and Iranian crude.
Chevron Corp has signed an asset swap agreement with Petróleos de Venezuela SA (PDVSA) that allows the United States energy giant to grow its heavy oil position in the South American country’s Orinoco Oil Belt.
Namibia is accelerating petroleum sector reforms as it moves closer to first oil, with policymakers seeking to strengthen the regulatory framework and sustain investor confidence amid rising offshore activity.
U.S. officials are pressing domestic oil producers to increase output as disruptions in the Strait of Hormuz tighten global supply and push crude prices higher.
Transocean has been awarded a $158 million contract for its Deepwater Asgard drillship to support a five-well campaign in the Eastern Mediterranean.
Assala Gabon has achieved first oil at the Grand N’Gongui (GNG) field, marking a key milestone in the development of onshore resources in Gabon.
ABL Group has signed a memorandum of understanding (MoU) with PetroSafe, Egypt’s Petroleum Safety and Environmental Services Company, to collaborate on technical services aimed at improving safety, integrity and performance across the country’s energy assets.
The Mexican Association of Hydrocarbons Companies (AMEXHI) has expressed support for the federal government’s gas strategy aimed at strengthening energy sovereignty, while emphasizing the need for improved investment conditions to advance oil and gas development.
The Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has reaffirmed Ghana’s commitment to strengthening bilateral relations with Pakistan following a diplomatic engagement with the country’s ambassador.
Vår Energi has submitted an amended Plan for Development and Operation (PDO) for the Goliat Gas Export (GGE) project in the Barents Sea, aiming to increase oil recovery and extend the field’s productive life.