Australia's Woodside Energy on Thursday unveiled a new payout policy for investors and flagged it would axe around 10% of its workforce globally, as it set out higher targets for cost cutting and return on capital.Favoured by investors for paying…
Big Oil is reaping near record cash windfalls from the eight-month-old Iran war, but Western energy producers’ reluctance to ramp up spending reveals persistent doubts about the industry’s long-term outlook.BP, Chevron, Exxon Mobil, Shell and…
French oil major TotalEnergies reported a 127% rise in third-quarter earnings on Thursday, beating expectations, as the US-Israeli war with Iran continues to push up oil prices and draw historically high profit margins for refining fuels.Adjusted net income came in at $9…
Turkey may reach agreements to make acquisitions or further explore for hydrocarbons by the end of the year as part of its target to produce 1 million barrels of oil and natural gas a day, Energy Minister Alparslan Bayraktar said on Tuesday…
Oil and gas company Perenco has restarted production at the Foukanda field offshore Congo following the installation of new infrastructure connecting the field directly to its own facilities.Production resumed on September 15 at a rate of 2…
The installation of all 73 wind turbines at the 1 GW Hai Long offshore wind project in Taiwan has been completed, with every turbine now generating electricity.The milestone brings the project closer to completion, with final permitting approvals still expected in the first half of 2027…
Ithaca Energy has agreed to acquire Suncor Energy's interests in the Terra Nova and White Rose oil assets offshore eastern Canada for $860 million in cash, marking its first international acquisition outside the UK.The deal includes a 48% operated interest in Terra Nova…
The European Union will maintain its opposition to new oil and gas drilling in the Arctic, a European Commission spokesperson said on Monday, despite Norwegian pressure to drop the EU ban.The EU currently supports a ban on new drilling in the Arctic…
Apollo Global Management is exploring strategic options for Energos Infrastructure, in a deal that could value the floating liquefied natural gas infrastructure provider at more than $3 billion, people familiar with the matter said.The investment…
KERSHIP, a joint venture between PIRIOU and Naval Group, launched the PETAR NJEGOS I, the first of two OPV 60M offshore patrol vessels ordered by Montenegro, at its Lanester shipyard on Friday, September 11, 2026.The ceremony, marking a milestone in the program…
Italy adopted measures on Thursday aimed at boosting domestic oil and gas production, Prime Minister Giorgia Meloni said, seeking to cut red tape for drilling licences and reduce dependence on fossil fuel imports.Italy currently produces about 29 million barrels of crude oil a year…
DNV, the independent energy expert and assurance provider, has quantified how standardizing turbine designs and securing predictable project pipelines could reduce the average lifetime cost of electricity from North Sea offshore wind by up to 28% by 2050 in a high-volume scenario…
Britain is expected to give approval on September 15 to bring the Jackdaw gas field online, ending years of legal delays, The Times newspaper reported on Friday, citing government sources.The decision on the field, which is operated by a joint…
Egypt expects the Damietta regasification vessel, which was damaged in a drone attack in July, to resume operations in the fourth quarter of the year.The damaged vessel did not impact Egypt's gas market, Petroleum Minister Karim Badawi said…
Norway will continue developing its oil and gas resources in the Barents Sea regardless of the European Union's support for a moratorium on Arctic hydrocarbon supplies, and no longer sees itself as Europe's 'green battery', Energy Minister Terje Aasland told Reuters…
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