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…
Oil prices fell more than $2 a barrel on Wednesday as talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region.Brent crude futures LCOc1 fell $2…
Woodside Energy on Tuesday abandoned a longer-term emissions target and $5 billion in planned clean energy spending by 2030 to focus on its core oil and gas business after reporting a 7% rise in first-half profit.The Australian company will…
Norwegian energy group Equinor said on Monday it has agreed to buy a stake in a gas-fired power plant in the U.S. state of Pennsylvania, seeking to benefit from rapidly growing electricity demand from data centres and other industry.Equinor will pay $940 million…
Oil prices rose on Tuesday as a diplomatic resolution to the U.S.-Iran conflict remained uncertain, while disruptions to oil flows through key shipping routes persisted.Front-month Brent futures LCOc1 rose $1.04, or 1.24%, to $84.81 a barrel…
EU antitrust regulators have extended their deadline on whether to clear Italian energy contractor Saipem's merger with Norwegian peer Subsea 7 by about three weeks, according to a European Commission filing.The Commission, which acts as the EU competition enforcer…
BP's second-quarter profit more than doubled to $5.73 billion on higher oil and gas prices and strong refining margins, it reported on Tuesday, as CEO Meg O'Neill outlined the energy group's priorities.Oil majors have benefited this year from market volatility caused by the U…
ExxonMobil missed Wall Street estimates for second-quarter profit on Friday, despite notching its biggest quarterly profit in four years amid higher oil prices and improved refining margins driven by the ongoing U.S.-Israeli war with Iran.Adjusted earnings rose 67% from the first quarter to $14…
Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe and the Middle East…
Jadestone Energy has brought the second well in its 2026 Malaysia infill drilling campaign onstream at 2,800 barrels of oil per day (bpd), extending the program that has increased production from the East Belumut field by more than 150%, or about 6…
Oil prices rose to near six-week highs on Wednesday on mounting concerns about disruptions to key Middle Eastern supply routes because of escalating hostilities between the U.S. and Iran and threats to shipping by the Iran-backed Houthi militia in Yemen…
ABB has agreed to acquire UK-based intelligent flow control solutions provider Rotork in a recommended all-cash deal valuing the company at about $5.5 billion, expanding its automation portfolio and strengthening its position in industrial automation…
Japan's Inpex on Thursday launched construction of its long-delayed $21 billion Abadi LNG project in Indonesia's Masela gas block, in a ceremony that was livestreamed.Production from the plant is expected to start around 2030.Here are some details…
Kosmos Energy has brought online a new well at the Jubilee field offshore Ghana, which is now delivering at strong initial rates and helping lift field production as the company advances its 2026 drilling campaign.The J76 well, the third well of the 2026 campaign…
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