Oil And Gas News

 

Bouri Gas Project Offshore Libya Set for October Start-Up

Oct 20, 2026

Eni has completed the Bouri Gas Utilization Project (GUP) offshore Libya, with start-up procedures underway for infrastructure designed to recover associated gas previously flared at the field and reduce CO2 emissions by approximately 1.5 million tonnes annually.The project, developed in partnership with Libya's National Oil Corporation (NOC) through their joint venture Mellitah Oil & Gas, involved…

Oil Giants Face Spending Dilemma as Iran War Profits Soar

Oct 20, 2026

Oil majors are set to post a big jump in third-quarter profit as the US-Israeli war on Iran has boosted refining and trading results, while investors will monitor how wisely they use their cash piles and whether they resist a spending spree…

Rosebank Delays Put Ithaca's Future UK Investments at Risk

Oct 20, 2026

Oil and gas producer Ithaca Energy will likely halt further investment in Britain if the government does not approve its Rosebank oilfield in the North Sea, chair Yaniv Friedman said in an interview with the Financial Times on Tuesday.The company…

Venezuela's Oil Revival Spurs Hiring Push by Global Service Giants

Oct 20, 2026

Oilfield service companies including Weatherford International, Baker Hughes, Halliburton and SLB are advertising dozens of jobs in Venezuela, according to company websites, an early sign that a Washington-backed plan to rebuild the country's energy industry is gaining traction…

Norway Misses September Oil and Gas Production Forecast

Oct 20, 2026

Norway's combined oil and gas production missed an official forecast by 4% in September, data from the Norwegian Offshore Directorate (NOD) showed on Tuesday.Oil production was slightly ahead of projections while natural gas was lagging, the data showed…

Vår Energi Makes Gas Discovery in Norwegian Sea

Oct 19, 2026

Vår Energi and Equinor have made a gas and condensate discovery at the Lakris prospect in the Norwegian Sea, with preliminary estimates indicating recoverable resources of between 1.3 million and 5.5 million barrels of oil equivalent (boe).The…

Equinor Scales Back Troll Electrification to Preserve Gas Output

Oct 19, 2026

Equinor and its partners in Norway's Troll field have decided to complete the Troll West Electrification (TWEL) project without installing a second electric export compressor on the Troll C platform, a move expected to make an additional 2.3…

Greenpeace Protest Disrupts Work at Woodside's Scarborough Offshore Platform

Oct 19, 2026

Woodside Energy has suspended pre-commissioning activities at its Scarborough gas project's floating production unit (FPU) offshore Western Australia following a Greenpeace protest that saw two activists occupy the facility for two days before being taken into police custody…

Serica Energy Cuts 2026 Output Forecast as Triton FPSO Restart Slips

Oct 19, 2026

Britain's Serica Energy flagged a further delay to the restart of its Triton production vessel on Monday, prompting the oil and gas firm to lower its annual production forecast.Here are details from the company:Triton production is expected to resume around the end of November…

Türkiye Set to Deploy Osman Gazi Gas Production Platform in Black Sea

Oct 16, 2026

Türkiye will deploy its first floating gas production platform, Osman Gazi, to the Sakarya gas field in the Black Sea on October 17, aiming to more than double domestic gas production to 20 million cubic meters per day, the country's Ministry of Energy and Natural Resources said…

South Africa Upholds Exploration Approval for TotalEnergies' Offshore Block

Oct 16, 2026

South Africa's environment minister has dismissed a challenge lodged by conservationists against an environmental authorization to allow exploration in TotalEnergies-operated Block 3B/4B off the country's West Coast.The decision by Environmental Affairs Minister David Maynier…

Eni Advances Coral North Drilling, Eyes Third Mozambique FLNG

Oct 16, 2026

Italian energy firm Eni will start drilling up to six development wells from November that will feed gas to its new Coral North floating liquefied natural gas platform offshore Mozambique, a senior executive told Reuters on Thursday.The project is on track to start production by 2028…

Eni to Drill Multiple Wells Offshore Mozambique

Oct 15, 2026

Italian energy firm Eni will start drilling up to six development wells from November that will feed gas to its new Coral North floating liquefied natural gas platform offshore Mozambique, a senior executive told Reuters on Thursday.The project is on track to start production by 2028…

Turkey to Put First Floating Gas Platform in Black Sea

Oct 15, 2026

Turkey will send its first floating gas production platform to the Black Sea on Saturday, a move expected to roughly double output from its largest domestic gas field, Energy Minister Alparslan Bayraktar said on Thursday.The Osman Gazi platform is expected to begin production in early 2027…

Angola Plans Faster Oil and Gas Licensing to Boost Investment

Oct 15, 2026

Angola intends to implement faster exploration concessions from next year as part of a new long-term hydrocarbon strategy that aims to attract investment and stimulate oil and gas production, a senior government official said on the sidelines of an energy conference in Cape Town…

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