Shell’s CEO Wael Sawan told CNBC the company is actively considering multibillion-dollar offshore natural gas investments in Venezuela that could start production in the next few years, pending regulatory approvals. The comments mark one of the clearest public signals yet that Shell is weighing a major push into Venezuelan energy assets after years of sanctions and uncertainty.
Equinor has signed a five-year agreement to supply up to 500 mcm (17.7 bcf) of gas per year to Dutch energy company Eneco, Equinor announced on Thursday.
In a statement posted on its website, the Bureau of Ocean Energy Management (BOEM) announced “another major step toward expanding offshore energy development pursuant to the One Big Beautiful Bill Act”.
Turkey signed a deal with Chevron Corp. on Thursday to jointly explore for oil and gas around the world, the country’s energy ministry said.
Vitol Group and TotalEnergies SE are hoovering up key North Sea crude supplies, part of the biggest spate of activity in almost two decades for barrels that help set global oil prices.
Oil fell for the first time in three days after Iran confirmed it would hold negotiations with the US, easing the immediate risk of military conflict and supply disruptions from the OPEC producer.
The U.S. is projected to produce almost a quarter of the world’s petroleum and other liquid fuels output in 2026 in the U.S. Energy Information Administration’s (EIA) latest short term energy outlook.
2026 production is expected to exceed 70,000 boe/day, with lower OpEx and GTA ramping up, supporting improved profitability.
The newly established African Energy Bank has launched with an initial USD 10-billion commitment to fund priority oil and gas projects in Nigeria, Angola and Libya, the African Petroleum Producers’ Organization (APPO) said on Thursday, in comments cited y local media.
Ghana’s petroleum revenues credited to the Petroleum Holding Fund (PHF) totaled $399.65 million in the second half of 2025. The figures were published on Monday, Feb. 2, in a semi-annual report covering the period from July 1 to Dec. 31, 2025, by the Bank of Ghana, the fund’s administrator.